Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain records 4 bln euros in arms sales in 2016

Source: Xinhua - Wed 24th May 2017
Spain records 4 bln euros in arms sales in 2016

Spain received arms sale income of over EU4 billion for the first time ever in 2016, online newspaper The Diplomat reported Tuesday.

The Spanish government authorized the export of defense material that was up 8.9% year on year from 2015.

Last year saw the Spanish Foreign Ministry authorize a total of 550 different operations for the sale of arms.

Britain was the principal market, with 33.2% of all of the sales, followed by Germany, France and Italy with 19, 4.6 and 3.4% respectively.

As well as sales to NATO countries, Spain also sold to the Persian Gulf, where Saudi Arabia purchased weapons technology to the value of EU116.2 million euros, the UAE paid Spain EU26.7 million and Bahrain spent EU19.1 million on Spanish weaponry.

Spain also earned EU219.3 million from weapons sales to Egypt and EU52.7 million from Iraq and despite diplomatic tension between the two nations. Venezuela paid Spain EU2.6 million to modernize vehicles, a light aircraft and software for radar.

The report adds that the sale of products and technology of so-called double use, which can be adapted for military purposes, had a value of EU265.9 million with the United States as the main destination, followed by Iran.

Recommended Reading :

* Spanish military plane delays flight from Gibraltar Airport

* Spain to send tanks, armoured vehicles & troops to Latvia

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

 
When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.