“An unstable strategic environment has seen defence spending in the Middle East rise as a share of GDP since 2008,” said Craig Caffrey, principal analyst at IHS Jane’s Defence Budgets. According to IHS Janes Defence Budgets, defence spending is expected to fall in Bahrain, Iraq and Oman during the next five years. “Algerian defence spending continues to grow steadily despite the fiscal difficulties presented by the drop in the oil price,” said Fenella McGerty, principal analyst at IHS Jane’s Defence Budgets. About IHS Jane’s Defence BudgetsIHS Jane’s Defence Budgets online solution platform tracks 99 percent of the global defence expenditure from 104 of the world’s largest defence budgets. IHS Markit is a registered trademark of IHS Markit Ltd. All other company and product names may be trademarks of their respective owners © 2016 IHS Markit Ltd. All rights reserved.

Source: The North Africa Journal August 22, 2016 15:22 UTC