Latest News
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IAEA Chief Positive On Iran
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Clashes Over Syria Reach Beirut
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G8 Raised Pressure On Iran, Putting Stocks On Standby
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Saudi Arabia Edges Russia As Biggest Oil Producer
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Mauritania, British Tullow Sign PSA
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Aramco To Start Operating Gas Facilities In Khursaniya
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Al-Sada: Qatar Producing Oil At Full Capacity
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IEA: Tighter Market For 2H12
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Turkey Warns Of Cyprus Bid Round Reprisals
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Bahrain Condemns Larijani’s Statement On GCC Union
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Eni Discovers Giant Gas Find Off Mozambique
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Al-'Attiya Heads UN Climate Talks
21/05/2012
Defence
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MEES Agenda: MENA Defense Spending As Percentage Of GDP Sees First Upturn In Six Years
After falling for the fifth consecutive year in 2008, MENA regional defense spending as a percentage of GDP rose to 5.09% in 2009 from the previous year’s figure of 4.71%, according to the 2011 edition of the Military Balance, compiled by the London-based International Institute for Strategic Studies (IISS). With this, the MENA region has once again reclaimed its position as the biggest global spender on defense as a percentage of GDP, coming ... read more
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Sanctioning The Islamic Republic: A New Global Wave