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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Tehran-Moscow set to broaden economic co-op

Tehran-Moscow :: The two sides inked a couple of agreements for boosting cooperation in different areas including oil and gas, transport and transit, geology...

Iran-Azerbaijan Joint Economic Committee meeting in Tehran

Noting that the final achievements of the meeting will be officially announced on Wednesday when the event wraps up, Iranian Finance and Economic Affairs...

Libyan Dinar Continues to Fall

A recent report has found that, since November, the Libyan dinar has lost 9.1 percent against the US dollar on the ‘parallel’ market, having...

Libya “Wins Case” against Brazilian Companies

Xinhua reports that the Libyan government has won a legal case against two Brazilian construction companies that claimed $96 million in damages due to the...

UAE-Saudi to link rail networks by end of 2021

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

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...

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...
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