arab nations spend a massive 300bn on defence
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Biggest consumers of military equipment in the world

Arab nations spend a massive $300bn on defence

Arab Today, arab today

Arab Today, arab today Arab nations spend a massive $300bn on defence

Saudi Arabia and United Arab Emirates spend more on military defence than any other country
Abu Dhabi – Jamal Al Majaida

Saudi Arabia and United Arab Emirates spend more on military defence than any other country Abu Dhabi – Jamal Al Majaida Arab countries have spent a whopping $300bn on defence equipment in the last two years, according to estimates posted by a leading security source. The anonymous source has revealed that the sum was estimated based on expenditure figures from Arab countries over the past two years. These figures show that countries in the Arab League spent a colossal $760bn in 2011 and $840bn dollars in 2012.
With defence spending believed to be around 26 percent of total expenditure, the estimated figure is likely to be $312bn, said the source.
If accurate, then the figure suggests that Arab countries will maintain their position as the biggest consumers in the world in terms of military spending, as a percentage of their Gross Domestic Product.
Estimates cited by the Arab Monetary Fund and the Arab Institution for Investment, show that defence spending in the region in the past 10 years formed on average more than 7 percent of GDP - one of the highest rates in the world.
According to informed sources Saudi Arabia and the United Arab Emirates, which between them control about 40 percent of the world’s total oil reserves, are believed to be the biggest spenders in terms of defence.
Astonishingly, estimates by the Arab Institution for Investment, show that Arab expenditure for 2012 is expected to be higher than any other year, at $842bn. Saudi Arabia is believed to have spent 25 percent of that sum, at $228bn
Meanwhile other countries such as Iraq spent $106bn, UAE ($86bn), Egypt ($85bn) and Qatar ($50bn).

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

arab nations spend a massive 300bn on defence arab nations spend a massive 300bn on defence

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

arab nations spend a massive 300bn on defence arab nations spend a massive 300bn on defence

 



GMT 00:58 2017 Tuesday ,19 December

World loses 6m under-5 children every year

GMT 23:29 2017 Wednesday ,12 July

China sends PLA personnel to man base in Djibouti

GMT 05:18 2017 Wednesday ,01 November

Europe's recovery gathers pace despite crises

GMT 00:33 2017 Monday ,13 March

Governments must engage citizens, official says

GMT 04:38 2017 Tuesday ,02 May

OPEC NEWS

GMT 20:29 2017 Tuesday ,03 October

Egypt denies N.Korea arms bound for its military

GMT 02:23 2017 Sunday ,11 June

Ministry seeks help to curb begging in Oman

GMT 22:03 2016 Thursday ,24 November

Hadi appoints new chief-of-staff of 1st military zone

GMT 02:26 2018 Wednesday ,17 January

Trump visit set to eclipse Davos meet

GMT 02:08 2011 Friday ,25 November

Desi Boyz

GMT 07:57 2018 Monday ,01 January

Catalans say 'yes' to independence
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday