Tuesday, September 9, 2008

UAE to buy missiles from USA for protection

http://www.reuters.com/article/newsOne/idUSN0845547120080908?sp=true

Reuters is reporting that current US President George Bush will help UAE obtain THAAD missiles valued at USD 7 billion to protect against wayward missiles in the Middle East.

This refers to protection from any country in the region who could have hostility towards UAE. This will also help UAE protect its major investment projects currently underway wherein billions of dollars are being invested in real estate, infrastructure and other manufacturing sectors. Perception of being able to retaliate is more important than actual retaliation in today's modern world.

Whoever said....UAE does not care about its expatriate residents (over 80% to 90% of the population of UAE are expatriates, depending on whom you listen to).....does not know how the Government thinks and spends....

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