US leads the world in selling weapons

       The US accounted for more than two-thirds of foreign weapons sales in 2008, a year in which global sales were at a three-year low, the New York Times reported on Sunday.Citing a recent congressional study,the Times said the US was involved in 68.4% of the global arms trade.
       US weapons sales jumped nearly 50%in 2008 to $37.8 billion from $25.4 billion the year before.
       Worldwide, global arms sales fell 7.6%to $55.2 billion in 2008, the report said.
       The rise in US sales was attributed to "major new orders from clients in the Near East and in Asia". The United Arab Emirates was the top buyer of arms in the developing world with $9.7 billion in arms purchases in 2008.