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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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...

US sets new March 2 Date For China Tariff Rise Amid Talks

The US Trade Representative’s (USTR) office recently changed the scheduled date of a tariff rate rise to 25 per cent from 10 per cent on $200...

Pakistan-Italy MoU to expand economic, trade cooperation

Pakistan-Italy MoU :: Pakistan and Italy recently signed a memorandum of understanding (MoU) to enhance economic and trade cooperation in various sectors including agriculture, textile, clothing, leather,...

1st specialized free zone for textile industry in Egypt

The world’s first specialized free zone for the textile industry is under construction in Egypt’s Minya Governorate, the chief executive officer of the General...

Morocco’s Exports to Spain up 6.7 % in First Seven Months of 2018

Morocco’s exports to Spain increased by 6.7% in the first seven months of 2018 compared with the same period last year, the EU statistics...
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