CNN Market Place Middle East

SHOW #114

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

FACETIME: TAKING ON THE GIANTS: TODD KOZEL, EXECUTIVE CHAIRMAN, 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.