US approves $1bn arms sales to KSA

The deals had been in the pipeline since President Donald Trump agreed more than $100 billion in contracts on a visit to Riyadh last year. (SPA)
Updated 25 March 2018
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US approves $1bn arms sales to KSA

WASHINGTON: The US State Department has approved the possible sale to Saudi Arabia of TOW anti-tank missiles, part of a bigger $1 billion package that also includes helicopter maintenance and spare parts for military vehicles.
The department said it had notified the US Congress on Thursday of the possible sale, which kick-starts a formal congressional review process.
Saudi Arabia requested to buy 6,600 TOW missiles and an additional 96 for training for a total of $670 million, the State Department said in a statement.
The proposed sale would improve the security of an important ally in the Middle East, it added.
“The proposed sale of TOW 2B missiles and technical support will advance Saudi Arabia’s efforts to develop an integrated ground defense capability,” the department said.
In addition, the State Department said it had also approved the possible sale worth $300 million of parts for Saudi Arabia’s fleet of Abrams tanks and armored vehicles.
Furthermore, it also gave the green light for the proposed sale of equipment and services worth $106.8 million for Saudi Arabia’s fleet of military helicopters.
The announcements came days after US President Donald Trump hosted Saudi Arabia’s Crown Prince Mohammed bin Salman at the White House, crediting US defense sales to the Saudis with boosting American jobs.
Earlier on Thursday, US Secretary of Defense Jim Mattis told the crown prince there was an urgent need to find a political solution to Riyadh’s campaign in Yemen’s war.
 


Saudi royal decree guarantees allowances to cover cost of living for new fiscal year

Updated 18 December 2018
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Saudi royal decree guarantees allowances to cover cost of living for new fiscal year

A royal decree by Saudi Arabia’s King Salman ordered the continuation of allowances covering the cost of living for civil sector employees for the new fiscal year on Tuesday.

The decree states that 1,000 Saudi riyals ($266) would be given to citizens on a monthly basis.  This will continue for one year until the study of the social protection system is completed.

Saudi Arabia also announced plans to increase state spending by more than seven percent next year in an effort to spur economic growth, which has been hurt by low oil prices, according to a 2019 budget released by the finance ministry.