Replies to post #4204 on Raphael Pharmaceutical Inc (RAPH)

[goforthebet]

Another country that spends disproportionately on defense is the UAE, which will achieve $7 billion in defense expenditures for 2009. Unlike with the Saudis, however, the drop in energy prices should result in a check on any substantial rise in UAE spending, though that does not mean the tiny Gulf state will refrain from being a buyer. Five government-to-government Foreign Military Sales (FMS) requests made to Washington in September 2008, headlined by a potential $6.95 billion purchase of Terminal High Altitude Air Defense (THAAD) fire units, could reach $9.027 billion in value if each is approved and acted upon. All told, the five states of the GCC (Bahrain, Kuwait, Oman, Qatar and the UAE) minus Saudi Arabia will invest nearly $20 billion toward defense in 2009.