MENA #military_spending to reach $920 billion by 2020 : study
▻http://english.al-akhbar.com/node/19594
Military spending between 2014 and 2020 in the Middle East and North Africa will total $920 billion, IHS Global Insight said in a forecast Tuesday. The US-based consulting firm did not give an overall breakdown at the end of a forum it hosted in Dubai, but said $27 billion will have been injected into the economies of the Arab nations of the Gulf by 2020 from defense deals via offsets. Offsets are agreements in which a supplier agrees to buy products from the party to whom it is selling, in order to win the buyer as a customer and offset the buyer’s outlay. read more