Japan's economy shrank less than initially estimated in the first quarter but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.
Japan's economy braces for worst postwar slump despite capex gains in Q1 GDP
The operations to overhaul the sixth refinery of the South Pars Gas Field in southern Iran are planned to begin in October, said the managing director of the refinery on Sunday.
CEO: Operations to overhaul South Pars refinery to begin in October
The Central Bank of Iran (CBI) needs a cohesive plan for achieving its inflation target plan, an Iranian economist said.
Iranian economist: CBI needs cohesive plan to hit inflation target
Implementation of four projects worth $103 million will add 107,000 tons to the output capacity of the petrochemical sector, an official said.
Iran’s petrochemicals output capacity to rise
The Iranian Parliament Research Center announced that the UAE, China and Iraq were the main trade partners of Iran during the last Iranian year (ending March 19, 2020).
UAE, China, Iraq main trade partners of Iran
Africa’s largest economy had a week of good and bad news as the oil price rebounded to the highest level in two months, while the negative impact of the coronavirus pandemic on consumers and business activity became clearer.
Nigeria’s economy tugged in two directions
Unlike most countries, Sweden never locked down during the coronavirus pandemic, largely keeping businesses operating, but the economy appears to be taking a hard hit nonetheless.
Sweden didn't lock down, but economy to plunge anyway
The share of the Organization of Islamic Countries (OIC), in the global economy shrank last year, accounting for eight percent or $6.6 trillion of global economy which is estimated at $86.6 trillion, according to International Islamic Trade Finance Corp (ITFC).
Islamic Finance: OIC's economic share at $6.6 trillion
The coronavirus pandemic is a "devastating blow" for the world economy, according to World Bank President David Malpass.
Coronavirus 'a devastating blow for world economy'
Export of non-oil products from the ports of Qeshm Island in the Persian Gulf witnessed a considerable 7.8-fold growth year-on-year in the first two months of the current calendar year (which started on March 20).
Official: Two-month non-oil exports from Qeshm Island’s ports up 7.8-fold

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