MidEast military spend rises amid global slowdown

The Middle East region accelerated spending by 8.3 percent over the course of 2012 despite an overall slowdown in global military expenditure last year, according to the Stockholm International Peace Research Institute (SIPRI). Oman increased its expenditure by 51 percent in 2012, the largest hike posted by any country. Kuwait’s defence budget increased by 10 percent.

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