A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
South Korea’s onward march as growing global defense supplier continues apace. The latest major sale involves a $3.2 billion deal with Saudi Arabia that was signed back in November, but …
South Korea Nets Big Export Win with $3.2 Billion Air Defense System Deal with Saudi Arabia Read More
By Dan Darling, Derek Bisaccio and Aja Melville The war between Russia and Ukraine, initiated by Russia’s invasion of Crimea in 2014 and subsequent invasion in February 2022, has had …
China Seizes Arms Exporting Opportunity in the Middle East Read More
The U.S. State Department has approved a possible sale of Mine Resistant Ambush Protected (MRAP) armored vehicles to the United Arab Emirates . In a statement on its website, the …
UAE Approved for MRAP Buy Read More
The Saudi-led coalition fighting the Ansar Allah insurgent group in Yemen has announced a two-week ceasefire in an effort to help stem the spread of the deadly coronavirus COVID-19 in …
Saudi-Led Coalition Announces Yemen Ceasefire Over Virus Concerns Read More
Emergence of the novel coronavirus COVID-19 has upended the global economic outlook for the upcoming year. Governments around the world have been forced to reassess their budgets and enact new …
Oil Salvoes Put Further Pressure on Saudi Defense Budget Read More
The German government has extended its arms embargo on Saudi Arabia. German media outlet DW reported on Monday that the German government had approved an extension of the arms embargo …
Germany Extends Arms Embargo on Saudi Arabia Read More
After several tense days in Iraq, the U.S. on January 2 carried out precision air strikes on a pair of vehicles close to Baghdad International Airport, resulting in the deaths …
U.S. Combat Strikes Takes Out Iranian General Soleimani Read More
Saudi Arabia is planning to further shrink its defense budget for the upcoming year. This week, Saudi Arabia unveiled its plan for the budget in 2020. Overall, the government is …
Saudi Arabia Cuts Defense Budget Read More
Several months after putting a hold on military aid to Lebanon, the U.S. has lifted its block. On Monday, three sources told the Associated Press that the U.S. has unfrozen …
U.S. Military Aid to Lebanon Unfrozen Read More
Iran’s President will unveil a proposal for a multilateral Gulf Security initiative at the U.N. General Assembly this week. The Iranian presidential website quoted President Hassan Rouhani as saying, “This …
Iran to Propose Multilateral Gulf Security Initiative Read More