Middle East Economic Survey


No 49


MENA Defense Spending Hits $55Bn In 2003, IISS Says

Regional defense budgets and spending are rising, although the order of magnitude has remained the same, and there are no significant individual changes, according to the latest edition of the annual report The Military Balance 2004-05 of the London-based International Institute for Strategic Studies (IISS). The projected total spending of regional defense budgets for 2004 is $52.3bn,...