A surge in weapons purchases by Saudi Arabia, which is leading a coalition of countries fighting in Yemen, helped to push global arms sales up by more than 10 per cent last year, according to an annual report.
The world defence market climbed to US$65 billion last year, up by $6.6bn on 2014, the consulting company IHS said in its Global Defence Trade Report. That is the largest yearly increase in the past decade, according to the Colorado company.
While Saudi purchases jumped about 50 per cent to $9.3bn, growth was seen across much of the Middle East and South East Asia.
As middle-income countries record increases in their GDP, they have more “relative resources” to spend on military equipment, according to Ben Moores, a senior defence analyst at IHS Aerospace, Defence and Security who wrote the report. The study examined trends in the global defence market across 65 countries.
The boost in Saudi weapons imports came as the kingdom leads a coalition targeting rebels in Yemen. Saudi Arabia’s purchases in the past year include Eurofighter Typhoon jets, F-15 warplanes and Apache helicopters, as well as precision-guided weapons, drones and surveillance equipment, Mr Moores said.
Egypt, whose economy has struggled since the 2011 removal of former leader Hosni Mubarak, became the world’s fourth-biggest weapons importer, spending about $2.3bn, according to the report. Before 2013, the country spent $1bn or less annually, but “there’s been this ramp up”, Mr Moores said, adding that IHS research indicates the higher spending is being underwritten by Egyptian allies France and the Arabian Gulf states.
Iraq spent about as much as Egypt as it shifts money from operations and personnel towards procurement, IHS said. The country is battling ISIL militants in the long-troubled Anbar province and is preparing for the eventual battle to retake the northern city of Mosul.
Russia, the world’s second-biggest exporter behind the United States, is likely to increase its trade with Iran as the country begins to replace its ageing air force equipment after the nuclear deal reached last year eased international sanctions, the report said. It is a “massive” undertaking that could cost between $40bn and $60bn, Mr Moores said.
In Asia, states bordering the South China Sea increased their defence spending by 71 per cent since 2009 as they aim to deter China, with purchases including aircraft and anti-ship missiles, IHS said.
The US last year supplied about $23bn in goods and equipment, of which $8.8bn went to the Middle East, boosted by the sale of aircraft and associated mission systems.
“Going forward, the total may exceed $30bn as deliveries of the F-35 begin to ramp up,” the report said, referring to the next-generation fighter aircraft built by Lockheed Martin.
France is poised to take second spot from Russia by 2018, building on a $39bn submarine order it won from Australia earlier this year, according to IHS.
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RECORD BREAKER
Youngest debutant for Barcelona: 15 years and 290 days v Real Betis
Youngest La Liga starter in the 21st century: 16 years and 38 days v Cadiz
Youngest player to register an assist in La Liga in the 21st century: 16 years and 45 days v Villarreal
Youngest debutant for Spain: 16 years and 57 days v Georgia
Youngest goalscorer for Spain: 16 years and 57 days
Youngest player to score in a Euro qualifier: 16 years and 57 days
The biog
Favourite car: Ferrari
Likes the colour: Black
Best movie: Avatar
Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy
Afghanistan squad
Gulbadin Naib (captain), Mohammad Shahzad (wicketkeeper), Noor Ali Zadran, Hazratullah Zazai, Rahmat Shah, Asghar Afghan, Hashmatullah Shahidi, Najibullah Zadran, Samiullah Shinwari, Mohammad Nabi, Rashid Khan, Dawlat Zadran, Aftab Alam, Hamid Hassan, Mujeeb Ur Rahman.
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Redditor
The users of Reddit
Robinhood
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Short seller
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Short squeeze
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Naked short
An illegal practice
Salah in numbers
€39 million: Liverpool agreed a fee, including add-ons, in the region of €39m (nearly Dh176m) to sign Salah from Roma last year. The exchange rate at the time meant that cost the Reds £34.3m - a bargain given his performances since.
13: The 25-year-old player was not a complete stranger to the Premier League when he arrived at Liverpool this summer. However, during his previous stint at Chelsea, he made just 13 Premier League appearances, seven of which were off the bench, and scored only twice.
57: It was in the 57th minute of his Liverpool bow when Salah opened his account for the Reds in the 3-3 draw with Watford back in August. The Egyptian prodded the ball over the line from close range after latching onto Roberto Firmino's attempted lob.
7: Salah's best scoring streak of the season occurred between an FA Cup tie against West Brom on January 27 and a Premier League win over Newcastle on March 3. He scored for seven games running in all competitions and struck twice against Tottenham.
3: This season Salah became the first player in Premier League history to win the player of the month award three times during a term. He was voted as the division's best player in November, February and March.
40: Salah joined Roger Hunt and Ian Rush as the only players in Liverpool's history to have scored 40 times in a single season when he headed home against Bournemouth at Anfield earlier this month.
30: The goal against Bournemouth ensured the Egyptian achieved another milestone in becoming the first African player to score 30 times across one Premier League campaign.
8: As well as his fine form in England, Salah has also scored eight times in the tournament phase of this season's Champions League. Only Real Madrid's Cristiano Ronaldo, with 15 to his credit, has found the net more often in the group stages and knockout rounds of Europe's premier club competition.
ALL THE RESULTS
Bantamweight
Siyovush Gulmomdov (TJK) bt Rey Nacionales (PHI) by decision.
Lightweight
Alexandru Chitoran (ROU) bt Hussein Fakhir Abed (SYR) by submission.
Catch 74kg
Omar Hussein (JOR) bt Tohir Zhuraev (TJK) by decision.
Strawweight (Female)
Seo Ye-dam (KOR) bt Weronika Zygmunt (POL) by decision.
Featherweight
Kaan Ofli (TUR) bt Walid Laidi (ALG) by TKO.
Lightweight
Abdulla Al Bousheiri (KUW) bt Leandro Martins (BRA) by TKO.
Welterweight
Ahmad Labban (LEB) bt Sofiane Benchohra (ALG) by TKO.
Bantamweight
Jaures Dea (CAM) v Nawras Abzakh (JOR) no contest.
Lightweight
Mohammed Yahya (UAE) bt Glen Ranillo (PHI) by TKO round 1.
Lightweight
Alan Omer (GER) bt Aidan Aguilera (AUS) by TKO round 1.
Welterweight
Mounir Lazzez (TUN) bt Sasha Palatkinov (HKG) by TKO round 1.
Featherweight title bout
Romando Dy (PHI) v Lee Do-gyeom (KOR) by KO round 1.
The view from The National
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
Rooney's club record
At Everton Appearances: 77; Goals: 17
At Manchester United Appearances: 559; Goals: 253
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51% of parents in the UAE feel like they are failing within the first year of parenthood
57% vs 43% is the number of mothers versus the number of fathers who feel they’re failing
28% of parents believe social media adds to the pressure they feel to be perfect
55% of parents cannot relate to parenting images on social media
67% of parents wish there were more honest representations of parenting on social media
53% of parents admit they put on a brave face rather than being honest due to fear of judgment
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Company name: Klipit
Started: 2022
Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant
Based: Dubai, UAE
Industry: Digital receipts, finance, blockchain
Funding: $4 million
Investors: Privately/self-funded