U.N. To Vaccinate Syrian Children Against Polio    Custodian of the Two Holy Mosques Receives Emir of Qatar    Nearly 30 killed in separate attacks in Afghanistan    Indonesia election commission: Joko Widodo officially president-elect    Brazil appoint Dunga as coach for second time    Moroccan King Leaves Jeddah    SAUDIA Globally Ranks Second in Discipline of Its Flight Schedules    Crown Prince Congratulates Oman's Sultan on Renaissance Day    Saudi Ambassador to Cameroon Holds Iftar Party in Honor of Islamic Societies    Kuwait Stock Exchange indices end in green zone    Saudi stock market index exceeds barrier of 10,000 points    England captain Gerrard retires from international duty    Over 55,000 labor disputes resolved    Former Saudi chant singer joins ISIL    flydubai further expands network    Al Mutlaq adds Creative Home products to Roomz    Al Khaliji net profit surges by 37% in second quarter    Mideast travelers spend $5.7m on Visa accounts during FIFA World Cup    2 killed as Libya militias fight over airport    Thousands flee Gaza areas; casualties lying on streets    Saudi arrested over wife's death    UN rights forum to hold emergency session on Gaza - statement    Samsung pays tribute to orphans and children with special needs    Shoura awaits study on salary parity    Defoe, Cahill, Keane among MLS All-Stars    Zimbabwe thrashes Afghanistan by 8 wkts    Maldonado staying with Lotus next year    Gourcuff named Algeria coach    App to help correct Fatiha recitation    Titan unveils ‘Raga Pearls' collection    Ignorant dawah activists    City asked to take steps to organize street vendors    James Garner dead at 86    Royal Commission for Jubail and Yanbu signs SR 397 million contracts    50 million subscriptions in mobile communications in the Kingdom, 18.1 million Internet users, 4.8 million fixed telephone lines in the first quarter 2014    Teen's death puts focus on caffeine powder danger    "Scholar: No photography allowed in Grand Mosque" (July 7)    Stop denigrating Saudi women!    World Cup-Winning Captain Lahm Retires from Germany Team    Brazil Police Suspended for Beating Journalists    Do not misuse Qunut supplications: Scholars    Custodian of the Two Holy Mosques Receives Well-Wishers on Blessed Month of Ramadan 2 Jeddah    Custodian of the Two Holy Mosques Delivers Speech on the Advent of Holy Month of Ramadan    Non-Muslim expatriates urged not to eat, drink in public during Ramadan's daylight hours    Custodian of the Two Holy Mosques congratulates Al-Sisi on being elected President of Egypt 2 Jeddah    UNICEF: 40% of Children, Women Affected by Anemia in Sri Lanka    Conference on early discovery of breast cancer wraps up in Al-Ehsa    Three Mountaineers Confirmed Dead in Nepal    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.




Your friends recommend

Russia agrees Algeria arms deal, writes off debt
Published in Saudi Press Agency on 10 - 03 - 2006

Algeria has agreed to buy $7.5 billion worth of combat planes, air-defence systems and other arms from Russia, the head of Russia's state arms exporter Rosoboronexport said on Friday, according to Reuters.
Russia also agreed to write off $4.74 billion of Algeria's Soviet-era debt during a visit by President Vladimir Putin to the North African oil-exporting country, the first by a Russian leader in half a century.
"The total figure of the contracts which we signed was for $7.5 billion," Rosoboronexport chief Sergei Chemezov said in comments shown on Russian state television.
"Practically all types of arms which we have are included, anti-missile systems, aviation, sea and land technology," he said, adding that, "Russian technology is in no way inferior in quality to western (technology) but in price it is 15-20 percent cheaper."
Russia, one of the world's leading arms exporters with annual sales of more than $5 billion, is seeking to boost arms sales by widening its client base. Most of Russian arms export currently goes to China, India and southeast Asian states. --More
23 00 Local Time
20 00 GMT


Clic here to read the story from its source.