Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Iraq scraps USD4.2b Russian arms deals over corruption  Join our daily free Newsletter

MENAFN - 11/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) The Iraqi government decided to cancel USD4.2 billion arms deals with Russia over suspected corruption, Reuters reported.

Ali al-Moussawi, a spokesman for Prime Minister Nuri al-Maliki said the government still plans to renegotiate the agreements to help equip its armed forces.

The deals would have made Russia the second largest military supplier to Iraq after the US which has sold Baghdad billions of dollars in arms including F-16 fighters and tanks since the 2003 invasion.

Iraq lacks aerial defence system since the fall of Saddam Hussein, and is in dire need for aircraft fleet to help defend its airspace and borders.

The Russian newspaper Vedomosti reported earlier this year that the Russian deals included 30 Mi-28NE combat helicopters and 42 mobile rocket launchers.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help