Economy News

AUS Professor’s Research on Smart cities and IoT-based platforms contributes to United Nations’ Sustainable Development Goals

American University of Sharjah (AUS) continues its commitment to research that positively impacts society, as renowned professor and researcher Dr. Abdul-Rahman Al-Ali publishes research on smart cities applications and...

UAE Launches ‘Naseej’ Initiative to Advance Textile Circularity and Reduce Waste

The United Arab Emirates (UAE) has launched Naseej, the National Initiative for Textile Circularity, marking a significant step...

NCTO Supports Congressional Push for Stronger US Textile Customs Enforcement

The National Council of Textile Organizations (NCTO) has welcomed a bipartisan effort in the US House of Representatives...

GID Textile Egypt Targets $500 Million in Exports with Major Expansion Plans

Egypt is set to strengthen its position as a regional textile manufacturing hub as GID Textile Egypt Group...

India–Oman CEPA Opens New Export Opportunities for Textile and Apparel Industry

The implementation of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to provide a significant boost to...

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Sabic’s second quarter net profit declines 25 per cent

Saudi Basic Industries Corp (Sabic), the world’s fourth-biggest petrochemicals company reported a 25 per cent decline in second-quarter net profit on Sunday, amid higher...

Aramex Sees 4% Revenue Growth in Q2

Logistics firm Aramex announced second-quarter revenues of Dh1.148 billion, a 4 per cent increase over the same period last year. Half yearly revenues increased...

Federal Tax Authority mandated to audit tax compliance in the UAE

The provisions of the newly issued federal law on taxation have mandated the Federal Tax Authority (FTA) with the legal right to perform a...

Ethiopia target to generate USD 30 bn from textile sector by 2030

Ethiopia intend to increase their area of cotton production which is presently, only 20 percent of the three million hectares are used for cotton...

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement with the United Nations Industrial Development Organization (UNIDO) and the Italian Agency for Development...

East African SMEs learn Shibori tie and dye technique

Twenty-eight trainees from fashion houses, training institutions and home décor companies from East Africa learnt how to use the Shibori tie and dye technique...

Online Shopping Marketplace, DivaNoor, for Middle East

A new online shopping marketplace - DivaNoor – has been launched for women in the Middle East. The marketplace, a collection of style and...

Exhibitors line up novel products at Leatherworld ME

Middle East luxury retailers, traders, manufacturers or designers looking for novel products to boost their businesses will be treated to a buffet of unique...

Mango extends e-commerce adaptation to Middle East

Mango has extended the adaptation of its website to Bahrain, Lebanon and Oman. The extension is following the successful launch of e-commerce expansion in...

Scott Bader to show composites at Middle East Rail 2017

Scott Bader, UK-based chemical company, is set to participate at the Middle East Rail 2017, now in its 10th successive year and the region’s...
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