Middle East defense spending hit $243 billion in 2024, driven by regional tensions and economic diversification, with Israel and Saudi Arabia leading growth. 2025 sees the UAE prioritising economic growth (4.8% projected) and diversifying defence […]
China’s ambassador to Australia has criticised NATO’s recent defence spending boost and warned the federal government against following in the footsteps of the powerful military alliance. Xiao Qian said this morning that the commitment of […]
Germany became Europe’s biggest defence spender for the first time since the end of the Cold War last year after spending billions on procurement, the Stockholm International Peace Research Institute (SIPRI) said on Monday. The […]
The Australian government will invest an extra $50.3 billion into defence over the next decade as part of a long-awaited revamp of the nation’s armed forces strategy. The funding boost comes following last year’s Defence […]
The departing Armed Forces minister said the UK must ‘urgently’ invest more in defense. James Heappey, who announced he would quit the government, issued the public demand from the Commons despatch box yesterday. He wrote […]
In accordance with the “Global Britain” policy, the UK government has already signaled its desire for a more capable Royal Navy with the Integrated Review 2021, which was published in March 2021. Another indication of […]
China hiked its defence budget for the first time to more than USD 200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8 […]
The Pakistani government has announced its intention to increase defense spending in FY2021/22. up to 1.37 trillion Pakistani rupees ($ 8.78 billion). The Pakistan government has announced a defence budget of PKR1.37 trillion (USD8.78 billion) […]
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One of Turkey’s leading defense contractors, Aselsan has seen its profits increase by 34% year-on-year to TL 1.2 billion ($147 million) from January through March, the company said in a statement. “We experienced a significant […]
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