Arms Industry to Boost Exports

Abu Dhabi -- The UAE is building its arms manufacturing industry to help boost the country's defence and to export to friendly neighbors. Last week Burkan Munitions Systems, one of the UAE's largest arms manufacturers, secured a Dh1 billion loan to fund its expansion that will boost its arms manufacturing capacity significantly. The company plans to become a more successful enterprise that will secure funds on more commercial terms, rather than seek shareholder support, going forward.