The battle for the Middle Eastern arms market is heating up
Chinese, Russian and local companies want to conquer market share from Western defence giants
THE FLOW of foreign arms to the Arabian peninsula began in earnest 150 years ago. As European armies adopted modern breech-loading rifles, a stock of old-fashioned weapons was left surplus to requirements. Rivalries among Arab tribes created a ready-made market for ageing arms. A combination of the region’s chronic instability and oil riches has since continued to fuel weapons sales. Most of them still come from the West. Now the shifting sands of geopolitics have left an opening for others.
This article appeared in the Business section of the print edition under the headline “From muskets to missiles”
Business February 15th 2020
- The battle for the Middle Eastern arms market is heating up
- Burger King’s owner tries to regain its sizzle
- Admen have a clever new way to trick sports fans
- Elliott Management guns for SoftBank
- Youngsters’ job preferences and prospects are mismatched
- Chinese management schools are thriving
- American state capitalism will not beat China at 5G
Discover more
Can Israel’s mighty tech industry withstand a wider war?
Its resilience is being tested
Transit vans are the key to Ford’s future
And they earn big profits today
Will America’s government try to break up Google?
Antitrust remedies that target its generative-AI ambitions are more likely
Workouts for the face are a growing business
They may not help much in the quest for eternal youth
What makes a good manager?
Hint: not someone who says I am a good manager
India’s consumers are changing how they buy
A giant population turns to deliveries