Economy News

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 over the Chairmanship of the Board of Directors. “After the successful implementation...
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...
Economy News

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...
Economy News

NCTO Voices Concerns Regarding USTR’s Textile Mechanism, Part of Administration’s Section 301 Actions on Forced Labor

The National Council of Textile Organizations (NCTO), which represents the full spectrum of the U.S. textile industry from...

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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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