Gulf Arab defense spending drops for first time in decade

17 Dec 2015

DUBAILow oil prices are eating into defense 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 published on Thursday.

Source: Gulf Arab defense spending drops for first time in decade: report | Reuters

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Gulf Arab defense spending drops for first time in decade

OODA Analyst

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Gulf Arab defense spending drops for first time in decade

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