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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Iranian trade delegation to visit Senegal, Brazil, Uruguay in mid-April

Iranian trade delegation :: The delegation is planned to attend some business forums and will hold talks and mutual meetings with their counterparts in...

Iran’s imports form U.S. down 40% in 11 months

Iran's imports form U.S. :: The IRICA data showed that Iran has imported 31,000 tons of commodities worth $150 million from the U.S. during...

Iran-Qatar Joint Economic Committee meeting slated for mid-April

Accordingly, an Iranian trade delegation headed by the country’s Industry, Mining and Trade Minister Mohammad Shariatmadari is going to visit the Arab country to...

Saudi Aramco international listing looks increasingly difficult

Saudi Aramco::  Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering (IPO) on...

Pakistan welcomes Iran’s call for expansion of trade ties

Iranian Foreign Minister Mohammad Javad Zarif along with a 30-member trade delegation, from the country’s economic and trade sectors, attended the joint business forum...

Saudi Aramco international listing looks increasingly difficult

Saudi Aramco international :: Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering...

Abu Dhabi hotel occupancy surges to 81% in February

Abu Dhabi hotel occupancy :: The high influx of winter travellers is keeping Abu Dhabi’s hospitality and leisure industry upbeat, with hotel occupancies soaring...

United Arab Bank ’s rights issue successfully subscribed by 124%

United Arab Bank (UAB) said on Monday its rights issue was subscribed 124 per cent, recieving Dh850 million of subscriptions. The bank plans to increase...

Kazakhstan-UAE trade ties on upswing

Kazakhstan-UAE trade :: Trade relationship between the UAE and Kazakhstan is growing rapidly with bilateral trade between the two countries reaching $246 million (Dh904...

Egyptian tycoon is world’s richest Arab: Forbes

Egyptian tycoon :: A number of Arab nationals are getting richer every year and so far, at least 30 of them have made it...
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