Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Saudi Arabia increase arms imports by 225%in 5 years

byCT Report
12/03/2018
in Latest News
Share on FacebookShare on Twitter

RIYADH: Saudi Arabia is on a massive arms-buying spree, according to a new report by the Stockholm International Peace Research Institute (SIPRI). In the last five years, the country increased its arms purchases by 225% compared to the previous five-year period, importing 98% of its weapons from the US and European Union states. In the same period, Israel increased its exports of arms by 55%.The Middle East is sponging up weapons, with imports growing 103% in the last five years, compared to 2008-2012. The region accounts for 32% of global arms imports, even though the region accounts for only around 5% of the world’s population.

The United Arab Emirates have joined Saudi Arabia in buying heavily in the last five years, as have Qatar and Egypt, all of which have increased their imports. The Saudis have taken delivery of 78 combat aircraft, 72 combat helicopters, 328 tanks and 4,000 vehicles, the report notes. Qatar signed major details for 84 combat aircraft from the US, UK and France. It ordered an additional 12 such aircraft from France in 2017.

You might also like

Pakistan’s first donkey meat export to China to woo fresh investment

15/07/2026

OICCI asks FBR to clear Rs103b in pending tax refunds

15/07/2026

Related Stories

Pakistan’s first donkey meat export to China to woo fresh investment

byCT Report
15/07/2026

LAHORE: Pakistan’s first export of donkey meat to China from the Gwadar Free Zone opened a new avenue for livestock...

OICCI asks FBR to clear Rs103b in pending tax refunds

byCT Report
15/07/2026

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has asked the Federal Board of Revenue (FBR) to accelerate...

Sindh announces Keti Bandar Port & AI Data Centres to boost foreign investment

byCT Report
15/07/2026

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has announced an ambitious investment agenda aimed at strengthening the province’s economic...

PIA buyers receive Rs14.2b in properties under privatisation deal

byCT Report
15/07/2026

ISLAMABAD: The federal government has transferred 11 properties of Pakistan International Airlines (PIA), valued at Rs14.2 billion, to the consortium...

Next Post

Customs superintendent Muhammad Naeem retires

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.