Fashion
Egypt’s readymade garment exports up 26% YoY in Jan-Jul 2025
Expressing optimism that this momentum will accelerate from August onwards, AEC chairperson Fadel Marzouk projected additional growth of up to 35 per cent.
He attributed this to the council’s robust support for exporters and successful efforts to attract new foreign investments, particularly from China and Turkiye, according to domestic media reports.
Egypt’s readymade garment exports rose by 26 per cent YoY to nearly $1.939 billion during the first seven months this year, according to the Apparel Export Council (AEC).
Expressing optimism that this momentum will accelerate from August onwards, AEC chairperson Fadel Marzouk projected additional growth of up to 35 per cent.
AEC has set a medium-term target to increase exports to $12 billion by 2031.
These developments are further bolstered by collaborative plans with the government focused on the Suez Canal Economic Zone and other industrial hubs.
Maintaining a monthly growth rate of between 30 per cent and 35 per cent could propel exports to an unprecedented $3.7 billion by the end of the year, he said.
AEC has set an ambitious medium-term target to increase exports to $12 billion by 2031. It is also focusing on strengthening Egypt’s presence in key markets like Europe, the United States and Canada, leveraging trade agreements and boosting product value through modernisation of production lines.
Efforts include launching two specialised textile and garment cities in Fayoum and Minya.
Fibre2Fashion News Desk (DS)
“We designed this collection with parents in mind. Shopping for a newborn, as a gift or for your own, should feel joyful and easy. Everything is intended to be mixed together and matched — it’s fun, it’s emotional, and the value is incredible.”. – Sarah Holme, Head of Design & Product Development for Old Navy.
Old Navy has introduced Little Navy, a new collection of newborn essentials designed to simplify early-stage shopping and gifting.
The range includes layettes, hats, booties and mix-and-match basics in soft, seasonless colours and cosy fabrics.
Sized for babies up to 24 months, the line focuses on comfort, versatility, emotional appeal and strong value for modern parents.
Little Navy goes beyond onesies, offering layettes, hats, booties, and more, all in one convenient collection and no extra searching required. It features a soft, seasonless color palette, cozy fabrics, and versatile styles made for newborns and babies up to 24 months, with sizing that allows Little Navy to grow with baby.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
They said bank audit procedures have stalled numerous applications. Around Tk 57 billion in incentives for the textile and apparel sector remain unsettled in fiscal 2025-26, creating acute liquidity pressure and affecting exports.
Bangladesh trade body BGMEA representatives recently met Finance Minister Amir Khasru Mahmud Chowdhury and urged him to release pending cash incentives without waiting for quarterly release schedules and simplify the disbursement process.
They said bank audit procedures have stalled numerous applications.
They also raised concerns over loan rescheduling and working capital.
The authorities were requested to disburse incentives upon application submission instead of waiting for quarterly release schedules, according to a release from the trade body.
BGMEA vice president Mohammad Shihab Uddoja Chowdhury raised concerns over loan rescheduling and working capital. He said banks often reschedule loans to maintain non-performing loan ratios, but fail to provide the working capital factories need to resume operations.
He proposed that banks pair rescheduling with working capital support to create a win-win outcome, allowing factories to operate and repay loans. The finance minister agreed with the proposal.
BGMEA leaders also called for business facilitation and lower operational costs to help Bangladesh remain competitive in the global market. They sought policy support to remove obstacles in customs, ports and other administrative layers and to ensure an investment-friendly environment.
Fibre2Fashion News Desk (DS)
Bangladesh think tank Centre for Policy Dialogue has called for major reforms in business environment, tax collection, trade deals and FDI management, cautioning that the country’s post-election economic transition may be at risk without evidence-based decisions and strong accountability.
A CPD study identified ‘leaking revenue’ as the weakest area across all decision-making indicators.
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US’ Old Navy launches little navy, a new newborn essentials collection
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