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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Arms dealers revel in Somali war business Tue Jun 9, 2009 10:47am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Abdi Sheikh MOGADISHU (Reuters) - Sitting on a mat at home between taking orders for arms on his two mobile phones, Osman Bare gives thanks for the riches flowing from Somalia's war. "I have only been in the weapon business five years, but I have erected three villas. I have also opened shops for my two wives," said the 40-year-old, one of about 400 Somali men operating in Mogadishu's main weapons market. "Peace means bankruptcy for us." Despite a U.N. arms embargo on Somalia, the Horn of Africa nation is awash with weaponry from all over the world that has fueled one of Africa's longest-running conflicts. In the latest cycle of civil war, militant Islamists have been fighting the Somali government for the last two years and 18,000 civilians have been killed in the crossfire. Weapons are captured, sold and recycled constantly between both sides, experts say. Many arms have come from Ethiopian soldiers who intervened in Somalia between 2006 and early 2009. African Union peacekeepers have been accused of trafficking arms, and regional bodies say Eritrea -- among others -- is funneling weapons toward the rebels. Weapons are also said to pour across the porous borders of Kenya, Djibouti and Ethiopia, arriving by plane and through seas infested by pirates who are themselves armed to the teeth. The Mogadishu arms market is just one part of an illicit global arms bazaar. According to Geneva-based research body Small Arms Survey, there are at least 640 million firearms in the world, one for every 10 people on the planet. Only a third of these are in the hands of armies or law enforcement agencies, the rest dispersed among non-state militia groups or the general population. Dealers like Bare say the main Irtogte market, within the sprawling Bakara commercial area of Mogadishu, is holding its largest stock ever, and gunrunners are rolling in money. The risks of being robbed, cheated or shot are high, however, and prices fluctuate greatly. They are at a low right now due to the abundance of supply. "The good thing is that our goods are not perishable," Bare said. "We get a lot of cash, but we are always in terror." Dealers say they can be arrested, or even beheaded by the Islamists, if caught outside the market. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Sri Lanka sends 2,000 war refugees home Afghanistan and Pakistan Fighting the Taliban A growing insurgency in Afghanistan is also spreading deep into Pakistan, making both countries crucial to U.S. war efforts in the region. Full Coverage More International News Russia source says North Korea readying launches: report | Video Air France to replace sensors at once: union | Video U.S. envoy assures Israel of strong alliance Thai authorities hunt gunmen in mosque attack | Video Saudis gleeful at Lebanon vote, now look to Iran More International News... Related News World battles new security threats and recession 9:16am EDT U.S. siren call irresistible for Europe arms makers 8:27am EDT Global arms spending hits record in 2008: think tank 8:19am EDT Battle to avoid defense pensions crisis 10:47am EDT FACTBOX: Prices of arms in Mogadishu market 10:27am EDT Featured Broker sponsored link Editor's Choice Slideshow A selection of our best photos from the past 24 hours. 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