World arms race hits $2.9 trillion as planet Earth spends like war has no end

Middle East sees relatively stable spending, rising just 0.1% to $218 billion. Both Iran and Israel recorded declines. Iran’s spending fell 5.6% to $7.4 billion due to economic pressures Israel’s budget dropped 4.9% to $48.3 billion following a ceasefire in Gaza, though it remains significantly higher than pre-2022 levels. Global military expenditure surged to nearly … The post World arms race hits $2.9 trillion as planet Earth spends like war has no end appeared first on Times Kuwait .

Go to News Site