BAE Systems shares fall over Germany’s ban on arms exports to Saudis

Defence company BAE Systems’ share price fell sharply on Thursday after it warned that a German ban on arms exports to Saudi Arabia, imposed after the killing of journalist Jamal Khashoggi, could scupper a multibillion-pound deal to sell Typhoon fighter jets. Alongside its annual results on Thursday, BAE Systems stressed that its business is “reliant on the approval …

Advertisements

EU arms sale to Saudi and UAE since 2015: 55 times more than aid to Yemen

https://www.middleeasteye.net/news/perverse-cycle-european-arms-sales-saudi-and-uae-worth-sixty-times-aid-yemen-356882718 Yet while the Saudi-led coalition has bombed the region’s poorest country over the past three years, the EU and European countries approved the sale of more than $86.7bn in arms to Saudi Arabia and the United Arab Emirates, according to figures compiled by Middle East Eye. The value of the licences which the countries issued …

For the second year in a row, Spain has shattered its own record for weapons exports

For the second year in a row, Spain has shattered its own record for weapons exports. The country sold military equipment worth €4.3 billion last year, a 7.3% rise from 2016. The rise is part of a global increase in weapons transfers that began in the early 2000s, according to a report by the Stockholm International Peace Research Institute. …

Don’t Buy Don’t Sell: Germany – Turkey

The potential of  Five Percent Campaign's "Don't Buy Don't Sell" campaign concept  is well  illustrated in Germany's recent civil society activities. After Turkey's latest "Operation Olive Branch" was exposed to show that German-made tanks were used against Kurdish groups in Syria (who were significant local allies of the USA's fight against the Islamic State), the …