‘Israel, Iran have fastest growing defense budgets in Middle East’
London- based global intelligence firm IHS reports that Gulf Arab states have cut spending due to falling oil prices.
![Iran tests new precision-guided ballistic missile [File]](https://www.jpost.com/httphandlers/showimage.ashx?id=304409 "Iran tests new precision-guided ballistic missile [File]")
Iran tests new precision-guided ballistic missile [File](photo credit: IRANIAN MEDIA)