Undeniably Armoured Emirates
Three days in and the biannual International Defence Exhibition and Conference (Idex) in Abu Dhabi is starting to heat up. A series of deals have already been made at the Middle East’s largest arms fair and yesterday Russia and the UAE announced that they’re developing a fighter jet together. Meanwhile a report revealed that the past five years have been the most lucrative for the defence industry since the end of the Cold War; the Middle East in particular has buoyed the fortunes of the world’s arms exporters, even amid the oil-price crisis. The UAE, for its part, looks to be coming out of a thrifty period: yesterday it bought 400 armoured personnel carriers and an additional $1bn (€940m) has been piped into its defence budget.