Economy News

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 (FTA), which is set to enhance bilateral trade, improve market access,...

NCTO Voices Concerns Regarding USTR’s Textile Mechanism, Part of Administration’s Section 301 Actions on Forced Labor

The National Council of Textile Organizations (NCTO), which represents the full spectrum of the U.S. textile industry from...

U.S. Textile and Apparel Industry Unites Behind New Trade Incentive Proposal

For the first time in recent years, leading U.S. textile manufacturers, apparel brands and retailers have jointly proposed...

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...

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...

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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...

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,...
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