Share of World ICT Meager
Economy, Sci & Tech

Share of World ICT Meager

The global annual worth of financial transactions in the field of information technology amounts to $3.8 trillion, of which Iran has a meager share of $6 billion, said the Ministry of Communications and Information Technology’s deputy for technology and innovation. Amir Hossein Davai also told IRNA that to increase Iran’s share, the country must obtain scientific skills and provide investment for companies that present innovative ideas. The official added that 70% of all financial transactions in the field have been logged by Silicon Valley giants. “The transactions of Twitter, Yahoo, Google and Oracle amounted to $2 trillion last year,” he said. Nasrollah Jahangard, the head of Iran’s Information and Technology Organization, had previously said the share of Information and communications technology in the country’s gross domestic product is just 2.7%, though the figure is projected to double by the end of the sixth five-year economic development plan (2016-21).


Short URL : http://goo.gl/xPpGDD
  1. http://goo.gl/4vZXpa
  • http://goo.gl/B1YscZ
  • http://goo.gl/p66CWI
  • http://goo.gl/3IspC6
  • http://goo.gl/QvlELA

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...