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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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...

Libya’s Economic Outlook: World Bank Predicts 15% Growth

At the current pace of spending in a context of conflict and insecurity, Libya will either exhaust foreign exchange reserves or be forced into...

ICCIMA to hold Iran-Croatia business forum on May 7

ICCIMA Iran Chamber of Commerce, Industries, Mines and Agriculture will hold an Iran-Croatia business forum in Tehran on May 7, ICCIMA portal announced. A Croatian economic-trade...

Iran, Iraqi Kurdistan discuss economic ties expansion

TEHRAN- Iran and Iraqi Kurdistan explored ways of expanding mutual economic cooperation during a two-day business forum inaugurated in the capital of Iraqi Kurdistan,...

Iran’s exports to Germany up 35% in 2017

Iran’s exports to Germany :: TEHRAN- Iran’s annual exports to Germany has witnessed a 35-percent growth in 2017, according to the vice chairman of...

Iran-Czech business forum due in late April

Iran-Czech business forum will be held on April 24 at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the portal...
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