Monday, July 30, 2007

U.S. Announces Major Middle East Arms Package

WASHINGTON (Reuters) - The United States on Monday announced military aid packages worth more than $43 billion for Egypt, Israel, Saudi Arabia and other Gulf states in an effort to bolster Mideast allies against Iran and others.

The United States plans to offer a $13 billion package for Egypt over 10 years and a $30 billion package for Israel over the same period, increases over previous military funding, as well as unspecified defense aid to Saudi Arabia and Gulf states, said U.S. Secretary of State Condoleezza Rice.

Read more .....

Other News:
Reports: Iran To Buy Jets From Russia -- Jerusalem Post
Iran Criticizes U.S., Saudis Arms Deal -- APNews

Comment: The arms race is on. The players are clearly positioning themselves for future conflicts.

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