Economy News

AUS Professor’s Research on Smart cities and IoT-based platforms contributes to United Nations’ Sustainable Development Goals

American University of Sharjah (AUS) continues its commitment to research that positively impacts society, as renowned professor and researcher Dr. Abdul-Rahman Al-Ali publishes research on smart cities applications and...

UAE Launches ‘Naseej’ Initiative to Advance Textile Circularity and Reduce Waste

The United Arab Emirates (UAE) has launched Naseej, the National Initiative for Textile Circularity, marking a significant step...

NCTO Supports Congressional Push for Stronger US Textile Customs Enforcement

The National Council of Textile Organizations (NCTO) has welcomed a bipartisan effort in the US House of Representatives...

GID Textile Egypt Targets $500 Million in Exports with Major Expansion Plans

Egypt is set to strengthen its position as a regional textile manufacturing hub as GID Textile Egypt Group...

India–Oman CEPA Opens New Export Opportunities for Textile and Apparel Industry

The implementation of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to provide a significant boost to...

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Cameroon Set to Launch Camtext SA, a $300 Million Cotton-to-Textile Mega Project

A high-powered consortium—comprising Panafritex (the textile arm of Arise), Sodecoton, CNPS, and Marlo Properties Fincorp—is preparing to launch Camtext SA, a major integrated cotton-to-textile...

AfDB Approves $100 Million Loan to EAAIF to Accelerate Sustainable Infrastructure Development in Africa

The African Development Bank Group has approved a $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), strengthening efforts to expand...

Japanese Investment in Bangladesh Rises Strongly, Offering Major Opportunities for the Textile and Apparel Sector

Despite political tension and uncertainty following the July uprising, Bangladesh continues to emerge as a top destination for Japanese investors — with the textile...

How Turkish Textile Industry Can Rise Again: Crisis, Transformation, and a New Value Model

In the last two years, Turkey’s textile and apparel sector has been shaken by factory shutdowns, bankruptcies, shrinking export volumes and job losses. Yet...

Turkmenistan and Russia Strengthen Cooperation on Textile Customs Procedures

Trade relations between Turkmenistan and the Russian Federation are advancing to a new level with a focus on improving customs administration and declaration procedures...

Brückner Announces Strong Participation at ITMA ASIA + CITME Singapore 2025

Brückner Trockentechnik, one of the world’s most respected textile finishing machinery manufacturers, reported exceptional results at ITMA ASIA + CITME Singapore 2025. The company...

ARISE IIP Unveils Multi-Billion Industrial Development Zones Across Kenya

ARISE Integrated Industrial Platforms (ARISE IIP), a leading pan-African developer of large-scale industrial ecosystems, has officially launched its operations in Kenya, announcing multi-billion-dollar investments...

T-CAN – Revolutionizing Can Transport

In virtually all spinning mills, transporting sliver cans is still done manually. Rising labor costs, lack of operators and increasing quality requirements make this...

Zimbabwe Launches “Cotton to Clothing” Strategy to Revive Textile Industry

The Government of Zimbabwe has unveiled the “Cotton to Clothing” strategy, a comprehensive plan aimed at revitalizing the nation’s textile and apparel industry through...

ITMA ASIA + CITME Singapore 2025 Opens with a Unified Call for Innovation, Sustainability, and Global Collaboration

Singapore Welcomes the Textile Industry Home After Two Decades, Marking a New Era in Smart and Sustainable Manufacturing The highly anticipated ITMA ASIA + CITME...
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