Economy News

Economy News

Groz-Beckert is adapting its organizational structure at its headquarters to changing market conditions

Albstadt: The ongoing weakness in demand and structural changes in the international textile industry continue to put economic pressure on Groz-Beckert’s core business, Textile Tools. Since a market recovery...
Economy News

Syria Seeks Funding to Advance €5 Million Textile Recovery Project

Syrian officials and international partners met at the Italian Embassy in Damascus to review progress on the €5...
Economy News

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand...
Economy News

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...
Economy News

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...

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Scott Bader to show composites at Middle East Rail 2017

Economy News Behnam Ghasemi
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...

Amazon to acquire Middle East online retailer Souq.com

Economy News Behnam Ghasemi
The world's biggest online retailer Amazon is acquiring Souq.com, an ecommerce marketplace with roots in the Middle East. Souq is the largest online retail...

Source Africa , ATF textile shows acquired by Messe Frankfurt

Economy News Behnam Ghasemi
Source Africa and ATF, two of Africa’s largest textile, apparel and footwear shows hosted by organizer LTE has been acquired by Messe Frankfurt, one...
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