You are hereHome CountriesNews
Swiss freeze arms exports to UAE, probe Syria link
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Thu July 5, 2012 5:10 pm

INTERNATIONAL. Switzerland said it was freezing arms exports to the United Arab Emirates (UAE) after a media report said a Swiss-made hand grenade originally shipped to the Gulf state had been found in Syria.

The government took the decision after a Swiss newspaper published a picture of a hand grenade produced by Swiss weapons manufacturer RUAG which it said had been taken in the Syrian town of Marea last month, despite the fact that Switzerland stopped arms exports to Syria in 1998.

The photograph raised concerns about the final destination of Switzerland's arms exports.

Initial findings suggested the grenade had been part of a RUAG shipment of 225,162 grenades sent to the UAE in 2003, the Swiss government said.

The Swiss State Secretariat for Economic Affairs (SECO) is therefore tentatively freezing all pending applications for arms exports to the UAE and demanding the return of licenses which have already been issued but not yet used, the Swiss government said in a statement.

The UAE government has not commented on the matter yet.

The Swiss government said it will make further inquiries because the circumstances in the case remain unclear.

"At present, there is no evidence that Swiss hand grenades have found their way to Syria. Inquiries are ongoing however," the government said.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 22, 2017
UAE. Results announced at the Knowledge Summit 2017 in Dubai; The index identifies knowledge as an integral part of human life, affecting its social, economic and cultural aspects, as well as an engine for comprehensive and sustainable human development.
date:Posted: November 22, 2017
UAE. Ascertaining the impact VAT will have on a business and the changes required is an essential step in any VAT implementation process, businesses told at ACCA, Thomson Reuters event.
date:Posted: November 21, 2017
UAE. ICA Conference in Dubai to discuss importance of GCC sovereign wealth funds.
UAE. Innovation Live! is a collaborative initiative to connect the government and the private sector; Recommendations put forward include focus on the fourth industrial revolution as well as R&D in Artificial Intelligence, semiconductors, nanotechnology and 3D printing.
dhgate