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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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...

Sri Lanka economic relations with Yazd will improve

In a meeting with Yazd economic activists in the center of Iran, he added efforts are underway to pave the ground for investment, concluding...

Arvind to reduce 20,000 tonnes carbon emissions annually

Arvind is aiming to reduce carbon emissions by 30 per cent with the installation of rooftop solar projects across its Ahmedabad, Santej and Bangalore...

Germany Promises Tunisia 7,450 Jobs Over 2 years

During a two-day working visit to Tunisia, German Federal Minister for Economic Co-operation and Development, Dr. Gerd Müller, announced  the signing of new declarations...

Wool prices advance at Australian wool auctions this week

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) advanced by 7ac clean/kg for the week to close at 1934ac. When measured in USD, the positive...

Soon 90% of GST payers to file quarterly return: FM

Soon, businesses comprising over 90 per cent of goods and services tax (GST) payers will be allowed to file quarterly return, finance minister Piyush...

McDermott Bags Ethylene Furnace Award In Indonesia

McDermott International, Inc has been awarded a sizeable technology contract by PT Chandra Asri Perkasa for the detailed engineering of 8 proprietary SRT (Short...
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