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Saturday, September 04, 2010
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US sees $60bn arms deal with Saudi
Riyadh  
 
  The US is planning to sell $60 billion of arms to Saudi Arabia over the next ten years in what promises to be the largest arms sale by the US to a foreign country, said a report in Army News.  
   

  Big US arms sale to UAE likely next year
Washington : 
  The United States likely will strike a ground-breaking deal by the middle of next year to sell the United Arab Emirates a multibillion-dollar Lockheed Martin Corp missile defense system, Lockheed's chief executive said.      
   
  Saudi Arabia to raise wages for most military
Riyadh : 
  Saudi Arabia will raise wages for most of its army staff, a move that follows a surge in inflation and the kingdom's first military engagement in almost 20 years against rebels in Yemen.     
   

 
Today's Poll
Several economic indicators such as jobs, housing and "September Effect" are warning investors to be cautious. Is another market crash coming?
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