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Iran Boosts Worker Minimum Wage by 45%: A Major Economic Shift
Iran’s Supreme Council of Labor has approved a 45% increase in the minimum wage, effective March 21, raising it to 103.99 million rials per month (about $3.76 daily). This move aims to support workers amid rising inflation, which soared to 32% as of January 19. For families with two children, the minimum wage will be 163.5 million rials (approximately $177). This adjustment, applicable to all workers under Iran’s Social Security Law, reflects efforts to alleviate financial pressures and promote equitable wealth distribution, highlighting the government’s commitment to addressing economic challenges and supporting vulnerable populations.
US Moves to Seize $47 Million in Iranian Oil Profits Tied to IRGC Activities
The US Justice Department has filed a civil forfeiture complaint to seize $47 million from the sale of nearly one million barrels of Iranian oil, allegedly benefiting the Islamic Revolutionary Guard Corps (IRGC), designated as a terrorist organization. The complaint details deceptive tactics used to disguise the oil’s origin and falsified documents misrepresenting it as Malaysian. The investigation, led by the FBI and Homeland Security, aims to disrupt financial support for terrorism linked to the IRGC. This action ties back to former President Trump’s maximum pressure policy on Iran, while current sanctions enforcement under Biden has reportedly loosened, increasing Iran’s oil revenues.
Underground Market Thrives: Eggs, Sperm, and Wombs for Sale in Iran’s Reproductive Black Market
Investigations in Iran have uncovered a network of online brokers trading reproductive materials like eggs, sperm, embryos, and surrogacy services due to a lack of legal regulation. Advertisements for these services, targeting young adults, proliferate on platforms like Divar, Instagram, and Telegram. Surrogacy costs range from 3 to 9 billion rials ($3,750 to $11,000), with specific requirements for donors. The report links this trade to a rising market for organ sales, raising ethical and legal concerns. Experts stress the need for comprehensive legislation to protect individuals and ensure ethical practices in reproductive and organ donations in Iran.
Dynamic Iranian Business Delegation Sets Sail for Oman: A New Era of Trade Opportunities!
An 85-member trade delegation from Iran’s private sector is visiting Oman to enhance bilateral trade relations ahead of President Masoud Pezeshkian’s visit. The diverse delegation includes representatives from sectors such as engineering, food, mining, AI, petrochemicals, medical equipment, pharmaceuticals, and tourism. Key events include the Iran-Oman Business Opportunities Conference, featuring both presidents, and an Investment Forum to discuss collaborations. The trip aims to strengthen economic ties and attract Omani investors, highlighting Iran’s commitment to diversifying its economy amid shifting global trade dynamics. This initiative marks a significant step in fostering international partnerships and exploring new market opportunities.
China Extends Invitation to Taliban for Participation in Shanghai Cooperation Organization (SCO)
The Taliban Ministry of Foreign Affairs announced that China has invited Afghanistan to participate in the upcoming Shanghai Cooperation Organization (SCO) summit, signaling a potential shift in Afghanistan’s diplomatic relations. The invitation, extended by Chinese ambassador Zhao Xing during a meeting with Taliban Deputy Minister Mohammad Naeem, reflects China’s intent to enhance bilateral cooperation. Afghanistan’s SCO membership has been inactive since September 2021, raising questions about its role in regional dialogues. The summit offers an opportunity for Afghanistan to re-engage with neighbors on security, economic cooperation, and cultural exchanges, which are vital for its stability and development.
Iran’s Mazandaran Exports 67,000 Tons of Dairy Products in Just 9 Months!
Mazandaran province’s Customs Office reports strong dairy product exports, totaling 67,865 tons valued at $94.967 million from March 21 to December 22, 2024, marking a 3% increase in value from the previous year. The province exported products to countries including Russia, UAE, Kazakhstan, and Canada, contributing to Iran’s overall dairy exports of 538,000 tons worth over $808 million, with a 13% rise in weight and 12% in value. Key exports included fresh milk, cheese, and yogurt. The growth emphasizes the region’s robust dairy industry and its role in the local economy, with potential for further international expansion.