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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Dubai Chamber to back Ghana’s textile-apparel industry

The Ghana textile apparel industry could receive business guidance, investment support and assistance in accessing the Dubai market through the Accra office of the...

S African firms interested in a Mozambique textile unit

South African textile firms are eager to reactivate the factory in Mozambique’s Chimoio belonging to the former Textáfrica – Sociedade Têxtil de Vila Pery,...

China’s Zhejiang province to Raise trade with Africa

The Zhejiang province in China plans to raise its trade volume with Africa to $40 billion by the end of 2022 to account for...

Indian exporters should tap Africa more: Exim Bank MD

Indian exporters need to tap more African countries that have an almost ‘unlimited market’, according to David Rasquinha, managing director of Export Import Bank...

UAE Energy Minister Honoured with Oil Diplomacy Award

The UAE minister of energy & industry Suhail Al Mazrouei, was presented with the 'International Oil Diplomacy Person of the Year 2018' award in...

Pm Wants $10-tn Economy India With Countless Start-ups

Prime Minister Narendra Modi recently spoke about his vision for making India a $10-trillion economy and the world's third largest, which has countless start-ups...

Afghanistan Launches Exports to India via Iran’s Chabahar Port

Afghanistan has officially begun exporting goods to India through Iran’s Chabahar Port, marking a major milestone in regional trade cooperation. The move is part...

Iran Records €550m Surplus in €18.3b Trade With EU in 2018

Italy, with more than €2.92 billion worth of purchases, was Iran’s main export destination, while Germany with €2.7 billion was the biggest exporter to...

Iran’s Industrial Export Grows 13%

 Iran’s industrial export has grown 13 and 6 percent respectively in value and weight during first 9 months of the current Iranian fiscal year...

Uzbek, Swiss Banks Sign Loan Agreement for Textile Project

Uzbek bank Asaka early this week signed in Zurich a syndicated loan agreement with the Swiss branch of Germany’s Commerzbank AG and the Swiss...
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