AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Israeli Defence Minister Avigdor Lieberman said Wednesday he was uneasy over a massive US-Saudi arms deal announced at the weekend, saying it was part of a "crazy" regional arms race. In the first public comment by an Israeli official on the $110-billion US sale of ships, tanks and the latest anti-missile systems to the kingdom, Lieberman said he had expressed his concerns in recent talks with US National Security Advisor HR McMaster.
"I'm not at peace with any arms race and the huge Saudi purchase for sure doesn't add much to our peace of mind," he said in an interview with Israeli army radio. "I'm not at peace with the whole arms race in the Middle East," he added. "It's not just the Saudis, its also the Emirates, also the Qataris, also the Iranians; they are all acquiring weapons." "Weapons deals in the Middle East just in 2016 reached $215-216 billion and this is no small sum," Lieberman said.
"It needs to be understood that there is a crazy arms race going on, the amount of arms all the players in the region are acquiring and the desire to produce weapons in places like Yemen and Lebanon." The Saudi deal, to be phased over 10 years, was announced on Saturday as US President Donald Trump began a two-day visit to the Gulf state before travelling on to Israel. US administration officials say it is the biggest single arms deal in American history.
Nevertheless, Lieberman said, "We are following developments and are aware and have ways of dealing with this." The White House said that in talks with Israeli Prime Minister Benjamin Netanyahu in Jerusalem on Monday, "President Trump underscored the United States' ironclad commitment to Israel's security, including to the maintenance of Israel's qualitative military edge."
The thrust of the deal with Riyadh aims to help the Saudi military bolster its defences to deter bitter rival Iran and its missile programme, which Netanyahu has said potentially poses an existential threat to the Jewish state. During his trip, Trump pitched the idea of a coalition of Sunni Arab states against Iran and "Islamic extremism" and said Israel could find a communality of interest with such a grouping. Israel and Saudi Arabia have no official relations but both have expressed serious concerns over Iran's nuclear ambitions. The US package reportedly includes the renewed sale of precision-guided munitions that had been blocked under president Barack Obama's administration, for fear the Saudis would use them on civilian targets in Yemen, where Riyadh is fighting a war against Iranian-backed Huthi rebels. The agreement clears the way for the sale of Patriot and Terminal High Altitude Area Defence (THAAD) anti-missile technologies, providing Riyadh with state-of-the-art capabilities that could thwart an Iranian rocket attack.

Copyright Agence France-Presse, 2017

Comments

Comments are closed.