Search Results for: Turkey

The Egyptian Pounds EGP1.6 billion (USD90.5 million) Egyptian colour cosmetics market has had steady growth over the past year despite the downturn in the economy, the depreciation of the Egyptian pound and some serious regulatory challenges.

According to market researcher Euromonitor International, in 2016, this market grew by 18% in value terms, year-on-year, mainly influenced by the positive performance of lip care products, primarily lipsticks.…

TURKISH textile and clothing businesses hope to see increased commerce with Bangladesh buyers as the two Asian countries forge ahead with striking a free trade agreement (FTA). “We concluded an FTA with Karachi [Pakistan]. We are going to find the midpoint with Bangladesh also,” said Başaran Bayrak, a council member of the Turkish Exporters Assembly, an autonomous government body working under Turkey’s ministry of economy, that acts as a bridge between the government and the private sector.…

THE RUSSIAN government plans to significantly increase Russian exports of textile and technical textile products to foreign markets over the next few years, officials have told WTiN.com.

Planned export volumes have not yet been disclosed, however, according to some sources close to the ministry of industry and trade, the government is targeting an increase of 100,000-150,000 tonnes in 2017-2018, with the possibility of a three to four-fold increase over the next few years.…

VIETNAM’S textile and clothing and textile sector is looking to sell more product into Asian markets such as South Korea, Taiwan, Singapore and Japan, while solidifying its traditional export bases like the US and EU, the latest trade data indicates. 

Last year, Vietnam exported USD2.28 billion’s worth of clothing and textiles to South Korea – a 7.45% gain compared with 2015, according to Vietnam customs data analysed by the Vietnam Textile and Apparel Association (VITAS). …

THE UNITED Arab Emirates (UAE) may hold an enviable portion of the world’s oil and gas reserves, at 4% and 3.5% respectively. But this has not stopped the country diversifying its long-term energy sources through developing nuclear power. With generation imminent, nuclear energy regulators and companies are watching closely how this rare event – a country embarking on a new civilian nuclear programme – rolls out.…

BANGLADESH’S government is considering proposals to establish a new national workplace health and safety system to replace the international Accord on Fire and Building Safety in Bangladesh and the Alliance for Bangladesh Worker Safety, which are due to be wound up next June (2018).…

QATAR is a small country, roughly half the size of Wales and with a population of 2.5 million. But what it lacks in demography and geography, it makes up for in spending power – and its significant cosmetic surgery industry is a key beneficiary.…

THE RUSSIAN meat industry has reported that its profitability rose by 2.2 times between 2013 and 2016, actually benefitting from the tit-for-tat sanctions imposed by Russia and its western trading partners, according to the Russian ministry of agriculture.

In a report released on August 11, the ministry said state support for Russia’s meat industry increased following the imposition of sanctions.…

AS Ethiopia rapidly emerges as a key clothing and textile hub of Africa, the country has been making impressive strides as a knitwear manufacturing and sourcing centre, attracting the attention of global clothing majors.

“International buyers are beginning to buy knitted clothes from Ethiopia including Zara, Tesco, H&M [Hennes & Mauritz] and Decathlon,” said Fassil Tadesse, president of the Ethiopian Textile and Garment Manufacturing Association (ETGAMA).…

THE EUROPEAN Bank for Reconstruction & Development (EBRD) is planning to lend up to USD100 million to LUKOIL Overseas Shah Deniz Ltd, a wholly-owned subsidiary of Russia’s PJSC LUKOIL, helping it take part in developing Azerbaijan’s Shah Deniz gas field. This investment is a rare EBRD financing of a Russian company.…