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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UAE to adopt policies for sustainable development

The UAE must focus on trade and investment policies to achieve sustainable growth even as Foreign Direct Investment (FDI) rose, Economy Minister Sultan Al...

UAE to maintain lead as top FDI recipient in Arab world

The UAE is set to maintain its lead in attracting the highest amount of Foreign Direct Investment (FDI) in the Arab world, Sultan Bin...

Tehran Hosting Iran-Iraq Business Forum

The two day Iran-Iraq business forum kicked off at the Tehran’s Summit Conference Hall on Sunday, IRNA reported. As reported, Iran’s Vice President for Economic...

Sabic to Boost Chemical Output 70% by 2025 With New Plants

Saudi Basic Industries Corp plans to boost production capacity 70 per cent by 2025 as the Middle East’s dominant chemical maker works with new...

UAE to participate in joint meeting of Arab financial institutions

The Ministry of Finance (MoF) is participating in the joint meeting of Arab Financial Institutions, which will take place in Jordan this month, part...

Iran Ranked 16th Largest Car Manufacturer in the World in 2017

According to the International Organization of Motor Vehicle Manufacturers (OICA), Iran ranked as the 16th largest car producer globally in 2017, underscoring the country's...

IMF Urges Iran to Make Structural Economic Reforms, Address Youth Unemployment

The International Monetary Fund (IMF) called on Iran for structural economic reforms for enabling the private sector to grow and to create the jobs...

Dubai’s Non-Oil Foreign Trade Rises to Dh1.3tr in 2017

Dubai’s non-oil foreign trade in 2017 reached Dh1.302 trillion, registering a Dh26 billion increase from 2016 figures. Dubai’s re-exports grew 9 per cent...

Sharjah established women-only business portal

The Sharjah Business Women Council (SBWC) and the Sharjah Economic Development Department (SEDD) have launched a platform available to women entrepreneurs, aimed at accelerating...

Iran’s economy grows 4.4% in 9 months

Iran's economy, including oil revenues, grew 4.4 percent, during the nine months from March 21 to December 21, 2017, according to the latest report...
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