Skip to main content

Posts

Showing posts with the label Egypt

The ‘Dividends of War’ of Middle Eastern Manufacturers

From the series The arms industry in the Middle East Europeans started selling weapons to the Middle East a century and a half ago, recalls the Economist . At the time, European armies began to adopt the breech-loading tifle and to sell the surplus of rifled muskets to rival Arab tribes . The fow of arms has never stopped since, but in the meantime the importance of the area has grown, attracting new sellers: Americans, Russians, Chinese and also emerging local groups. The United Arab Emirates’ (UAE) EDGE conglomerate, with 12,000 employees and sales worth $4.7 billion, recently entered the SIPRI (Stockholm International Peace Research Institute) top 25 arms-producing companies in the world for the first time. An unstable but enormous market In the Middle East and North Africa (MENA) there are three ongoing conflicts (Syria, Libya, and Yemen) and a heated dispute over gas resources in the easter Mediterranean. Recent diplomatic moves, such as the agreements between Israel and the...