Monday, September 7, 2009

Arab states world's top arms buyers

Press TV

"The United Arab Emirates and Saudi Arabia have been ranked as the top arms buyers in the world helping the US increase its share to more than 68.4% of all foreign armaments deals during global recession.

The UAE signed $9.7 billion in arms deals and Saudi Arabia signed $8.7 billion in weapons agreements, the New York Times reported on Sunday.

According to a new congressional study, Washington signed weapons agreements valued at $37.8 billion in 2008, or 68.4% of all business in the global arms bazaar, up from American sales of $25.4 billion the year before........"

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