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...

Advertisment

AMEC AMETEX

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...

Inflation rises to 4.7% following VAT roll-out

Inflation in Abu Dhabi rose to 4.7 per cent in January 2018, the highest rate in years, following the implementation of Value-Added Tax (VAT)...

SABIC head re-elected as GPCA Chairman

SABIC head re-elected :: The Gulf Petrochemicals and Chemicals Association (GPCA) announced on Tuesday the re-election of Yousuf Al Benyan as its chairman for...

ADNOC and OCP Group Sign Long-Term Sulphur Supply Agreement

Strengthening Strategic Ties Between the UAE and Morocco The Abu Dhabi National Oil Company (ADNOC) and Morocco’s OCP Group have signed a long-term agreement under...

Saudi Aramco company shipyard venture appoints CEO

Saudi Aramco and a number of partners have appointed Fathi K. Al Saleem as CEO of a joint venture to build a shipyard on...

New $1bn Abu Dhabi chemicals facility to boost manufacturing

The new facility will supply raw material for some of the UAE's largest industrial firms Shaheen Chem Investment, owned by investors from the United Arab...

India’s Economic Survey projects 7-7.5% growth in 2018-19

Reforms will allow real gross domestic product growth in India to reach 6.75 per cent this fiscal and will rise to 7-7.5 per cent...
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
AMEC AMETEX
spot_img
spot_img