The industry is grappling with an uncertain outlook amid projections for slowing growth and mounting socio-political unrest, but new technology and business models offer hope for innovative solutions.

Tehran-based fashion designers Shirin and Shiva Vaqar joined Hoda Katebi, an Iranian-American activist who founded America's first apparel manufacturing co-op run by refugee women. They discussed the fashion industry in Iran, a country that has long been isolated from the Western world.

From Tel Aviv to Tehran, a new generation of designers from the Middle East is finding fame in the world's fashion capitals.