Middle East arms buys top $100 billion

Middle East arms buys top $100 billion
Beirut, Lebanon (UPI) Aug 25, 2009 - Middle Eastern countries are expected to spend more than $100 billion over the next five years, largely because of growing fears about Iran's nuclear program and its perceived ambition to undermine Sunni-led Arab regimes, according to an assessment by a U.S.-based consultancy. Most of the procurement will be carried out by Saudi Arabia, the United Arab Emirates, Iraq and Israel, the New ... more

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