Economy News

Afreximbank: Africa’s Economy Grows 4.5% in 2025 Despite Global Trade Challenges

Africa strengthened its economic resilience in 2025, recording faster economic growth despite rising geopolitical tensions, slowing global demand and continued supply chain disruptions, according to the latest2026 African Trade...

Mohawk Cleared to Acquire Bremworth as Deadline Looms for New Zealand Wool Carpet Deal

Mohawk Industries has received regulatory approval to acquire Bremworth, bringing one of New Zealand’s best-known wool carpet manufacturers...

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro...

US Proposes New Tariffs on Seven African Countries Over Forced Labour Concerns

The United States is considering imposing an additional 12.5 percentage point tariff on imports from seven African countries...

Nigeria Textile Import Ban Proposal Raises Concerns Over ₦10 Trillion Garment Industry

The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the Nigerian Senate’s proposal to ban...

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Iran attends SCO int’l investment fair

SCO int'l investment fair :: The first Shanghai Cooperation Organization (SCO) International Trade and Investment Fair opened on Friday in the port city of...

Iran, Pakistan working on barter trade mechanism

Pakistan Prime Minister’s Advisor on Commerce, Textile Industries and Production says Iran and Pakistan are working on a barter trade deal mechanism to enhance...

Iran Textile Industry Closer To Regional Economic Giants

An unemployment rate of over 12%, inflation at 36.9%, government debt of almost 40% of GDP, a GDP that could fall by 3% in...

Cambodian economy achieves robust growth in 2018: WB

The Cambodian economy grew 7.5 per cent in 2018, according to the World Bank’s (WB) recently-released Cambodia Economic Update, which said this better-than-expected growth...

Int’l Machine-Made Carpet and Flooring Exhibition Held in Tehran

Save the date: 13 - 16 September 2019 / Tehran - Iran The 10th  edition of International Floor Covering, Moquette, Machine made Carpet, and Related...

Armenian Alex Textile to invest AMD15.6 bn to raise output

The Armenian Government recently decided to offer customs benefits to Alex Textile as the company has announced to invest more than 15.6 billion drams...

ITM 2020 ; THE GREAT IDEA

Istanbul Textile Machinery Exhibition 2020 :: Want to be a partner for this GREAT IDEA? Let's meet between June 2 - 6, 2020 in İstanbul www.itm2020.com Follow...

Nepal’s Pashmina Export Revenues Fall Despite Incentives

Nepal’s pashmina export revenues are plunging despite high priority accorded to the sector, say officials. According to Nepal Rastra Bank, export revenues were Rs...

Indian investors urged to partner with Kenyan counterparts

Indian high commissioner to Kenya Rahul Chhabra recently urged Indian investors to partner with Kenyan counterparts, especially in pharmaceutical and textile sectors that have...

Pakistan’s Growing Energy and Economic Ties with Iran

Interview with Ayaz Ahmed, Scholar at the University of Karachi By Ali Izadi – Edited by Safar Sarabi Pakistan Welcomes Iran’s Electricity Supply Offer Pakistani scholar Ayaz...
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