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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Multi-industry event for plastics, Printing & Packaging Open at Expo Centre Sharjah

With the region looking at increasing its downstream capabilities as part of its economic diversification policies, the regional plastics, molds, printing and packaging industries...

Turkey, Qatar, Iran to discuss land trade routes

Ankara, Doha and Tehran will discuss land trade routes on the sidelines of the oath-taking ceremony of Iran’s president-elect Hassan Rouhani on Saturday, Turkish Economy Minister...

RBI keeps repo rate unchanged at 6%

In its sixth bi-monthly Monetary Policy Statement for 2017-18, the Reserve Bank of India (RBI) has kept the policy repo rate under the liquidity...

Iran’s Rouhani sees major economic growth next year

Iran’s President Hassan Rouhani promised high economic growth as he laid out next year’s budget on Sunday, despite uncertainty over whether the United States...

The sorry tale of Iran’s duped investors

With the recent bankruptcy and collapse of banks, financial institutions and the social security system in Iran, millions of domestic deposit holders and investors...

Expo 2020 awards $182m contract for two pavilions, access road

Expo 2020 Dubai has awarded two major construction contracts worth AED 670 million ($182.4 million) to UK-headquartered international building company Laing O’Rourke to build...

Chabahar port phase-I opens, to boost India-Iran trade

Iranian President Hassan Rouhani inaugurated the first phase of the Chabahar port, called the Shahid Beheshti port, in the Sistan-Balochistan province on December 3,...

Delhi world’s 7th most expensive premium office location

Delhi figures among the world’s top-10 most expensive locations for premium office rents, while Mumbai makes it in the top-20, according to JLL’s latest report....

Saudi, UAE to boost cooperation in trade and investments

The UAE and Saudi Arabia are intensifying cooperation to boost investment and trade with select initiatives identified, top government officials said on Wednesday. Exemptions...

Saudi Aramco-Hyundai JV to create 650 jobs

Manufacturing facility will be co-located with the $5.2 billion maritime yard in Ras Al-Khair State-owned oil giant Saudi Aramco  (Saudi Arabian Oil Co) will create...
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