Armenia has announced plans to allocate 150 billion drams (approximately $400 million) to the development of its defence industry for the 2026–2028 period, in a significant move to strengthen its national security.
The Armenian Defence Minister Suren Papikyan, said the decsion marks a major step towards improving the country's military capabilities and fostering local defence production.
The allocation comes as part of a broader strategy to diversify Armenia's military procurement markets and reduce reliance on foreign suppliers.
The government says it has recognised the growing need to boost domestic production and increase the availability of locally manufactured military equipment.
Papikyan underscored the importance of creating a more self-sufficient defence sector and highlighted the progress Armenia has already made in this area.
He noted that, in 2022, the government signed contracts worth 5.5 billion drams with local companies. However, the current agreements have grown substantially, reaching a total of 170 billion drams, with the majority of the products already delivered.
This financial commitment signals Armenia's long-term investment in its defence infrastructure, which is crucial given the region's security dynamics. It also represents a shift towards developing a robust defence industry that can meet both current and future military needs.
Dubai has restricted foreign airlines to one daily flight to its airports until 31 May due to the Iran crisis, raising fears of significant revenue...
The U.S. and Iran are meeting in Pakistan under a fragile ceasefire but remain deeply divided over Tehran’s nuclear programme, sanctions...
A French fashion label is placing China at the heart of its global ambitions, choosing Shanghai for its wo...
Israeli Prime Minister Benjamin Netanyahu said on Thursday (9 April) he is seeking direct talks with Beirut, a day...
Chinese President Xi Jinping has told Taiwan opposition leader Cheng Li-wun that “people on both sides of...
Dubai has restricted foreign airlines to one daily flight to its airports until 31 May due to the Iran crisis, raising fears of significant revenue losses for Indian carriers, industry letters show.
The U.S. and Iran are meeting in Pakistan under a fragile ceasefire but remain deeply divided over Tehran’s nuclear programme, sanctions and regional security. With fighting in Lebanon escalating, the talks face mounting pressure.
A French fashion label is placing China at the heart of its global ambitions, choosing Shanghai for its worldwide debut in a move that shows growing confidence in the country’s consumer market and cultural influence.
Chinese President Xi Jinping has told Taiwan opposition leader Cheng Li-wun that “people on both sides of the Taiwan Strait are Chinese” and that the future of cross-strait ties should be decided by “the Chinese people themselves”.
China and Russia vetoed a United Nations Security Council resolution on Tuesday aimed at coordinating defensive efforts to protect commercial shipping in the Strait of Hormuz, leaving no agreed international framework for securing the vital route.
Lebanon’s Hezbollah said it had stopped firing on northern Israel and Israeli forces on Wednesday as part of a two-week ceasefire in the Middle East brokered between the United States and Iran. However, a Hezbollah lawmaker warned that the pause could collapse if Tel Aviv does not adhere to it.
Israeli Prime Minister Benjamin Netanyahu says he has given an instruction for Israel to begin peace talks with Lebanon that would also include the disarming of Hezbollah.
At least six people have died after weeks of heavy rainfall triggered flooding in Russia’s southern region of Dagestan. The latest victim, an elderly woman, was found beneath rubble in the village of Mikhaylovka, the Russian Emergency Ministry said on Tuesday (7 April).
Some geographies are small on the map yet immense in history. The Strait of Hormuz is one. About a quarter of global oil trade and a fifth of LNG flows pass through this narrow corridor - around 20 million barrels per day sustaining the global system.
The U.S. and Iran are meeting in Pakistan under a fragile ceasefire but remain deeply divided over Tehran’s nuclear programme, sanctions and regional security. With fighting in Lebanon escalating, the talks face mounting pressure.
Israeli Prime Minister Benjamin Netanyahu said on Thursday (9 April) he is seeking direct talks with Beirut, a day after the deadliest bombardment of the war killed more than 250 people in Lebanon and put Donald Trump’s U.S.–Iran ceasefire at risk.
The Turkish Foreign Ministry has condemned continued Israeli attacks on southern Lebanon, which have left hundreds dead - mostly civilians - over the past 48 hours, as Israeli Prime Minister Benjamin Netanyahu says he has instructed his cabinet to begin direct peace talks with Lebanon.
Every year, 9 April brings Georgia to a standstill. It is a day of grief, pride and reflection, as the nation remembers those who died for freedom while confronting present-day challenges.
Millions of Indians queued to vote in local elections across two states on Thursday, kicking off four key contests this month.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment