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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Russian giant mining co. ready to commence co-op with Iran

Ural Mining and Metallurgical Company (UMMC), one of the top Russian producers of major minerals including copper, zinc, coal, gold and silver, has voiced...

Non-oil Trade Balance Close to $1b in 2 months

Iran’s non-oil trade with other countries registered a $942 million positive balance in the two-month period from March 21 to May 21, Tasnim news...

Iran’s Economic Promise Faces Uncertainty After U.S. Withdrawal from Nuclear Deal

Emerging Potential Overshadowed by Political Tensions Iran possesses enormous economic potential, yet the U.S. decision under President Donald Trump to withdraw from the P5+1 nuclear...

EU commissioner in Iran in bid to protect trade ties

EU Energy Commissioner Miguel Arias Canete arrived in Tehran on Saturday to present plans for continuing oil and gas purchases and protect European companies...

Turkey’s lira hits record low, Fitch sounds alarm over Erdogan’s policy drive

Turkey’s lira hit a record low for the third straight session on Tuesday, battered by deepening concerns about President Tayyip Erdogan’s grip on monetary...

Islamic economy generates 8.3% of Dubai’s GDP

The contribution of the Islamic economy to Dubai’s gross domestic product (GDP) increased from 7.6 per cent in 2014 to 8.3 per cent in...

TCCIMA to dispatch trade delegation to Serbia, Poland, Germany in mid-June

Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) will send an economic-trade delegation to Serbia, Poland and Germany on June 16, the official...

Iranian trade delegation to accompany Rouhani in Austria, Switzerland tour

A delegation from Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will accompany Iranian President Hassan Rouhani in his trip to Switzerland and...

Iran-Qatar Joint Economic Committee meeting in Doha

The sixth meeting of the Iran–Qatar Joint Economic Committee is currently underway in Doha, according to a report by IRNA on Sunday. This renewed...

Italian-Libyan Business Development Association is launched

An Italian-Libyan Business Development Association (ILBDA) has been set up to promote trade between Italy and Libya. Amongst those present at the launch at the Waddan Hotel in Tripoli...
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