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Cotton posts longest losing streak in 16 months, bounces
Updated supply-demand estimates showing world stocks this season are expected to reach virtually a year’s worth of global mill use contributed to driving cotton futures to a new six-week low last week...
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India: Textile industry seeks lower duties, more funds for growth
According to industry, the govt must reduce the central excise duty on man-made fibre from 12 percent to 6 percent on par with cotton and also remove the 5 percent import duty and 4 percent special ad...
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New cotton cultivation methods proposed for Uzbekistan
During a visit to Uzbekistan last week, Better Cotton Initiative (BCI) representatives met with the leadership of Uzbekistan’s state light industry company Uzbekengilsanoat to discuss introduction of...
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Egyptian Government Plans Total Change of its Economy
The mainstays of the Egyptian economy will have a substantial reformation if the building of an international industrial and logistics hub near the Suez canal is materialized sucessfully, said officia...
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Saudis account for 27% of Arab investments in Egypt
Saudi Arabia is the largest Arab investor in Egypt with their investments reaching some $5.7 billion (SR21.3 billion), or 27 percent of the Arab totals invested in that country, Egyptian Commercial At...
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Transporters Worried About Egypt’s Decision Not To Renew Ro-Ro Deal With Turkey
Turkey’s habit of picking fights with its former allies is o longer limited to Israel. Since the change in government in Egypt, Turkish leader Recep Tayyip Erdogan has been attacking the country’s new...
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Dubai to host second edition of ITF for fabric in April
The second edition of the International Textile Fair (ITF), UAE’s premier platform for fashion, home textile fabrics, and clothing, would be held from April 26 to 27, 2015, at the Dubai international...
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Egypt: Cottonforlife to promote sustainable fair trade
A five-year initiative for the cultivation, processing and marketing of Egyptian organic cotton on the basis of a collaboration agreement signed in September by an Italian firm and the Egyptian agricu...
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As China slows down, the Philippines moves to grab foreign investment
The Philippines, a nation long in need of industrialization, is taking steps this year pull investment away from Asia’s manufacturing center: China. And some multinationals are already giving the Sout...
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Egypt's Mahalla textile factory workers end four-day strike after deal reached - See more at: http://www.middleeasteye.net/news/egypts-mahalla-textile-factory-workers-end-four-day-strike-after-management-agreement-260129749#sthash.zTpoZWta.dpuf
Workers at a textile factory in the Egyptian town of Mahalla ended a four-day strike on Saturday after working out an agreement with management to be paid a previously promised profit share and discus...
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Egypt: Ending subsidies for cotton
The government will not be paying a cash subsidy of LE1,400 per feddan to cotton producers as it did last year, Adel Al-Beltagui, minister of agriculture and land reclamation, said last week.
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Cotton yarn spinners in doldrums due to sluggish demand
Cotton yarn manufacturers, who made good money due to a rally in domestic and international markets last year, are facing rough weather due to sluggish demand and low prices.
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Foreign firms expand Vietnam production in anticipation of Pacific trade pact chances
Foreign investors have pumped dozens of billions of U.S. dollars to expand or start production in Vietnam in anticipation of business opportunities the Trans-Pacific Partnership will bring as the trad...
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Producing cotton sustainably
Pakistan, the fifth largest global cotton grower and third largest exporter of raw cotton, is among the major growers of cotton in the world. Today, Pakistan is one of the largest exporters of cotton...
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Japan’s garment, textile industry obtains turnover target of $28-28.5b
Garment and textile industry maintained its export growth momentum last year and obtained a turnover target of US$28-28.5 billion, showing an increase of 16 percent over 2013. Garment items brought US...
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Ethiopia: Etur Textile to Start Exporting to Europe and America
Etur Textile, the Turkish textile manufacturer, is going to start exporting its products to Europe and America after its trial export to the two North African nations, Algeria and Morocco, went succes...
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Trade Deficit Further Widens to 13,635.9 Mtd in 2014 - INS
Tunisia's trade deficit further widened in the year 2014, reaching "a worrying level" to 13,635.9 million Tunisian dinars (MTD), according to recent statistics published by the National Institute of S...
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More than half of Turkish exports go to 20 countries in 2014
Turkey's export total in 2014 was TL 157.6 billion ($68.062 billion), with 65 percent of this amount divided among the country's top 20 export partners. Moreover, ready-made-clothing, garments and veh...
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Why are Pakistan’s exports declining?
It was not supposed to have been this way. After the European Union granted GSP Plus Status to Pakistan, our exports were supposed to have risen sharply, yet instead, Pakistan’s sale of goods to the o...
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Removal of cotton subsidies will harm textile industry
The decision to remove cotton cultivation subsidies will harm the cotton and textile industry in Egypt, said Sawsan Wahby, the Chairman of Eastern Cotton Company, one of the affiliates of the Cotton &...