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$5 bln

UAE signs over $5 bln in deals at arms fair

ABU DHABI: The United Arab Emirates (UAE) announced Thursday it signed contracts worth a total of more than $5 billion to purchase weaponry during its international arms fair in Abu Dhabi this week. The four-day International Defence Exhibition and Conference (IDEX), which kicked off Sunday, is one of the largest arms fairs in the Middle East. It is held every two years to showcase the latest in defence technologies and innovations. The UAE, a longtime client of Western defence industries, signed an order with Raytheon…