Economy News

EAS Sees Data-Driven Automation Reshaping Egypt’s Textile Industry

Egypt’s textile manufacturers are expected to accelerate investment in automation, production monitoring and data-management systems as they seek to improve quality and strengthen their export competitiveness, according to Francesc...

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand...

Fine Spinners Uganda Invests $5 Million to Target Kenya’s Apparel Export Market

Fine Spinners Uganda Limited is investing an additional US$5 million in textile machinery as it seeks to become...

PM Modi’s Uzbekistan Visit: What It Means for the India-Uzbekistan Textile Trade

Indian Prime Minister Narendra Modi's two-day state visit to Uzbekistan on August 29–30, 2026, at the invitation of...

India-New Zealand FTA Creates US$2 Billion Export Opportunity for Indian Textile Industry

India's textile and apparel industry is expected to benefit significantly from the forthcoming India-New Zealand Free Trade Agreement...

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Bangladesh stood on 2nd largest FDI reciepent of South Asia

Foreign direct investments are commonly made in open economies. It may include provisions of management and technology as well. The key feature of direct investment...

Russia Primary Consumer of Uzbek Textile Products

Russia remains the primary consumer of Uzbek textile items, according to the Uzbek state statistics committee. During January-May 2019, more than 38 per cent...

India-Kyrgyzstan 5-yr road map to raise trade: Modi

India and Kyrgyzstan have prepared a five-year road map to raise bilateral trade and urged business communities from both sides to explore the untapped...

Senior Iran MP Calls for Resumption of Banking Ties with Pakistan

A senior member of Iranian parliament says that resumption of banking ties between Iran and Pakistan is very important to enhance trade cooperation between...

Nigerian Central Bank panel to revive textile firms

The Central Bank of Nigeria (CBN) recently set up a committee to revive the country’s cotton, textile and garment industry following the earlier restriction...

Welspun India sees 46% growth in domestic retail business

Welspun India Limited (WIL), part of the $2.3 billion Welspun Group, has registered 46 per cent year-on-year growth during Q4 FY19 in domestic branded...

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...
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