Unsustainable defence spending is causing problems beyond the industry itself. As the war in Ukraine rages on, growth has slowed sharply, and few good options remain, as recession and stagnation loom.
The Gulf states are showing that their security is indivisible and that they will pursue their defence from any that offer it, creating a new 'strategic autonomy' borne of the Trump era.
Following the unprecedented attacks on Qatar, Gulf leaders have pledged to forge a unified defence front, marking a historic shift from cautious neutrality to collective security
World military expenditure rose for the ninth consecutive year to an all-time high of $2.4tn. For the first time since 2009, military expenditures went up in all five of the geographical regions…
From military spending to energy markets, the US-Israeli war on Iran is driving rising costs, with the Strait of Hormuz emerging as a central pressure point
Until fairly recently, most Americans sided with Israel. These days, most side with the Palestinians. That will eventually influence US foreign policy.
Any disruption in the Hormuz has cascading knock-on effects that extend far beyond energy markets, impacting international trade. Al Majalla explores all this and more.
Al Majalla - London
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