Saudi Arabia / Arab Group/ G77+China Proposal for a sales tax on developed nations’ defence industries as part of a climate finance package

Posted on by TPNS

The arms industry finds itself in the climate finance frame ‘At Bonn talks, G77 group floats a 5% sales tax on tech, fashion and defence firms to fund green spending in the Global South’ Climate Home News reported in the first days of the Bonn Climate Conference, the annual mid-year preparatory conference that precedes COP … Continue reading Saudi Arabia / Arab Group/ G77+China Proposal for a sales tax on developed nations’ defence industries as part of a climate finance package

BAE Systems shares fall over Germany’s ban on arms exports to Saudis

Posted on by The Five Percent Campaign

Defence company BAE Systems’ share price fell sharply on Thursday after it warned that a German ban on arms exports to Saudi Arabia, imposed after the killing of journalist Jamal Khashoggi, could scupper a multibillion-pound deal to sell Typhoon fighter jets. Alongside its annual results on Thursday, BAE Systems stressed that its business is “reliant on the approval … Continue reading BAE Systems shares fall over Germany’s ban on arms exports to Saudis

One-third of UK arms sales go to states on human rights watchlist

Posted on by The Five Percent Campaign

Nearly a third of arms exports authorised by Britain over the past decade were to nations identified by the government as among the worst for human rights, new figures reveal. Military arms deals worth an estimated £39bn were approved between 2008 and 2017, £12bn of which went to states included on the Foreign and Commonwealth … Continue reading One-third of UK arms sales go to states on human rights watchlist

Saudi Arabia’s Blood Pact With Sudanese Genocidal Strongman

Posted on by The Five Percent Campaign

Put simply, recent U.S. intelligence assessments confirm what al-Amin has reported: that the UAE/Saudi war in Yemen is beginning to unravel. Not only are the Emiratis and Saudis mired in a seemingly endless conflict, their 8,000-plus Sudanese mercenaries are beginning to turn on their Emirati and Saudi officers. This is the result of Saudi penny-pinching … Continue reading Saudi Arabia’s Blood Pact With Sudanese Genocidal Strongman

EU arms sale to Saudi and UAE since 2015: 55 times more than aid to Yemen

Posted on by The Five Percent Campaign

https://www.middleeasteye.net/news/perverse-cycle-european-arms-sales-saudi-and-uae-worth-sixty-times-aid-yemen-356882718 Yet while the Saudi-led coalition has bombed the region’s poorest country over the past three years, the EU and European countries approved the sale of more than $86.7bn in arms to Saudi Arabia and the United Arab Emirates, according to figures compiled by Middle East Eye. The value of the licences which the countries issued … Continue reading EU arms sale to Saudi and UAE since 2015: 55 times more than aid to Yemen