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Saturday, February 28, 2009

UAE spends $5 bln on arms deals

ABU DHABI: The United Arab Emirates, across the Gulf from Iran, signed military deals worth 18.4 billion dirhams ($5 billion) during an arms exhibition in Abu Dhabi this week, a senior officer said on Thursday. Major-General Obaid al-Ketbi said the deals awarded at the five-day International Defence Exhibition were a five-fold rise over those signed at the last show in 2007, but denied that the Gulf Arab state was in the middle of an arms race. "There is no arms race in the region," Ketbi said. "We have a strategic plan ... Each country focuses on its plans."

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