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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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...

Dubai’s realty a top attraction for foreign investments

Dubai is among the world’s top cities for foreign investments in real estate, according to a new update from the consultancy JLL. This has...

Dubai Exports spreads local fragrances to Brazil

Dubai Exports, the export promotion agency of Dubai Economy, through its Overseas Trade Office, OTO, in Brazil, has supported the successful expansion of the...

Egypt net foreign reserves rise to $42.524b after Eurobond sale

Egypt net foreign reserves :: Egypt’s foreign reserves rose to $42.524 billion (Dh156 billion) at the end of February from $38.209 billion at the...

The UAE’s non-oil private sector growth eases in February

The UAE’s non-oil private sector growth slowed in February as indicated by the Emirates NBD Purchasing Managers’ Index (PMI) which declined to 55.1 in...
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