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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.
On April 28, 2025, Tehran hosted the 7th Exhibition of Export Capabilities of the Islamic Republic of Iran, known as Iran Expo 2025. This event highlighted Iran’s diverse export strengths in technology, agriculture, and industry, aiming to enhance international trade and attract foreign investment. Officials emphasized the importance of economic collaboration and diversifying export markets. The exhibition features workshops, networking events, and panel discussions to facilitate trade-related dialogue and partnerships. It also promotes cultural exchange among participants. Iran Expo 2025 represents a significant step toward strengthening Iran’s global market position and fostering long-term economic growth.
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Iran is facing a severe water crisis, with key reservoirs, including the Karaj Dam, nearing critical low levels due to years of declining rainfall and excessive reliance on hydropower. As of now, Karaj’s usable capacity has dropped to about 50%, while other dams like Lar and Mamloo are nearly empty. Tehran’s water demand has reached 50 million cubic meters monthly, with total reserves at only 60 million. The situation is further aggravated by a 50% rainfall decline in several provinces. Experts warn that Iran’s heavy dependence on hydropower, coupled with ongoing drought, could lead to even more severe shortages by 2025.
Recent data from the Islamic Republic of Iran Customs Administration (IRICA) reveals a significant rise in Iran’s non-oil exports, reaching $47.8 billion from March 21, 2024, to January 22, 2025, an 18% increase from the previous year. In contrast, non-oil imports grew by only 3% to $56 billion. Notably, gold imports totaled $6.3 billion, reflecting strategic resource management. The overall balance of trade shows a surplus exceeding $28 billion, underscoring Iran’s strengthening trade capabilities amidst economic challenges. These figures indicate a promising outlook for Iran’s economy as it diversifies beyond oil exports.