Gulf States to maintain defence spending despite oil price slump

ABU DHABI (Reuters) - Gulf Arab states are poised to continue to spend billions of dollars on defence despite low oil prices causing severe budget deficits forcing Gulf States to introduce austerity measures and cut spending.

from Reuters: Top News http://uk.reuters.com/article/uk-emirates-defence-idUKKBN15X06C?feedType=RSS&feedName=topNews