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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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 AED 1.3 Trillion 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...

Expo 2020 Dubai launches new career portal

Expo 2020 Dubai has launched a new career portal to allow talented and ambitious individuals to join the ranks of its expanding team. The career...

UAE, Saudi to link rail networks by end of 2021

Cross-border rail links between the UAE and Saudi Arabia will be established by the end of December 2021, a top UAE official said on...

UAE-Greece explore boosting trade ties

The Dubai Chamber of Commerce and Industry hosted the UAE-Greek Business Forum, exploring trade and investment opportunities in both countries. At the forum, Sultan Al...

Shanghai International Digital Textile Printing Conference

“Make Printing Easier" Shanghai International Digital Textile Printing Conference will be held in Shanghai on April 18. Welcome to join us! Organized by UBM China...
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