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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Swedish Group Invests $1 Billion to Make Vietnam a Global Hub for Textile Recycling

Vietnam’s textile industry is on the verge of a groundbreaking transformation. The Swedish group SYRE, a joint initiative of global fashion brand H&M and...

Türkiye–Africa Business and Economic Forum to Be Held in Istanbul

The Türkiye–Africa Business and Economic Forum (TABEF) will convene for the fifth time on October 16–17, 2025, in Istanbul, hosted by Türkiye’s Ministry of...

Pakistan’s Textile Exports Maintain Growth Momentum Despite Short-Term Volatility

Pakistan’s textile industry, which accounts for nearly 63% of the country’s total exports, continues to be the backbone of the economy. According to the...

AfCFTA Pushes to Finalize Rules of Origin by October 2025, But Textiles and Autos Stall

The African Continental Free Trade Area (AfCFTA) is pushing toward its ambitious goal of 97% tariff liberalization by October 2025. However, critical negotiations remain...

Turkmenistan Delegation Strengthens Trade and Textile Ties in Japan

A Turkmen delegation led by N. Agahanov, Minister of Trade and Foreign Economic Relations of Turkmenistan, paid a working visit to Japan from August...

Africa’s $100 Billion Trade Finance Gap Threatens Growth

Africa’s economic ambitions are being held back by a chronic shortage of trade finance, with banks rejecting an estimated $100 billion in legitimate trade...

Indian Firms Eye Ghana as US Tariffs Reshape Manufacturing

Ghana is emerging as a promising destination for Indian manufacturers seeking to navigate shifting trade dynamics, as punitive U.S. tariffs disrupt billions in exports...

U.S.–India Trade Dispute Opens New Opportunities for Turkish Exports

The escalating tariff war between the United States and India is reshaping global trade flows, creating what experts describe as a historic opportunity for...

Egypt Studies Converting Helwan Iron into Textile Industries Complex

Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has announced that the government is considering transforming the...

How Trump’s 10% Tariff Threatens Kenya’s Textile Sector

President Donald Trump’s administration has intensified its "America First" trade agenda by imposing a flat 10 percent tariff on all imports into the United...
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