Middle East Economic Survey

VOL. XLVIII

No 47

21-November-2005

REGIONAL

MENA Defense Budgets Rise To $59Bn In 2005, Says IISS

MENA regional defense budgets have risen by some $10bn over the past two years to hit $58.9bn in 2005, according to figures published in the International Institute for Strategic Studies annual report on the world military outlook The Military Balance 2005-2006. The figures show that Saudi Arabia continues to be the largest regional defense spender, accounting for one third...