Skip to main content
Part of complete coverage on

This week on Marketplace Middle East

The arms industry is defying recession, boosted by the need for security in the Gulf region.
The arms industry is defying recession, boosted by the need for security in the Gulf region.
STORY HIGHLIGHTS
  • This week, the recession-proof arms industry
  • Todd Kozel, Gulf Keystone's Executive Chairman, on the company's new found success
  • Venturing into areas like Algeria and Northern Iraq, the small company has struck gold

(CNN) -- In Focus -- Arms sales: A recession proof market

Wars are fought between enemies, but weapons and technology are traded in an open market. The economic crisis may have squeezed national budgets, but the Gulf still has the benefit of energy surpluses and the need for security in the region.

With defense spending expected to surpass $100 billion by 2014, Cal Perry takes a look at the business that knows no recession.

Facetime with Todd Kozel, Executive Chairman of Gulf Keystone

It's the classic story of David and Goliath, a small oil company taking on oil giants like Exxon-Mobil, Shell and BP. By venturing into territories like Algeria and the Kurdish region of Iraq, Gulf Keystone, an independent oil and gas group has struck gold.

With a significant find in its oil fields of Northern Iraq, shares in the company have been one of the best performers in London. This week MME sits down with Gulf Keystone's Executive Chairman, Todd Kozel, to discuss the company's new found success.

Your comments

Watch this show this week at the times (GMT) below:

Friday: 0715,1745
Saturday: 0445
Sunday: 0615,1745