Thursday 28 March 2024
 
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Defence spending

GCC defence spending drops for first time in decade

Low oil prices are eating into defence spending in the Gulf region, one of the world's largest arms markets, with budgets trimmed for the first time in a decade this year and deeper cuts expected in 2016, according to a report.

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US to train Iraqi, Syrian forces fighting Islamic State

The US Congress has approved an annual defence policy bill that authorises American training for Iraqi and Syrian forces fighting Islamic State rebels and sets overall defence spending at $577 billion, including $64 billion for wars abroad.

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Bahrain’s military costs surge 26pc to top $1.2bn

Bahrain’s military expenditure increased by 26 per cent last year to $1.236 billion - and has rocketed by 110 per cent since 2004, a report said, adding that tensions with Iran caused defence spending to more than double in a decade.

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Defence spending on the rise in Mideast

Global defence spending is declining, resulting mainly from reduced armed conflict in Iraq and Afghanistan and affordability concerns in many traditionally active military governments. However, defence spending is increasing in several areas of

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