PRESS DIGEST- Financial Times - March 27
March 27 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
ABU DHABI Feb 18 The United Arab Emirates signed 5.2 billion dirhams ($1.42 billion) worth of defence contracts, including one for unmanned aerial drones, a spokesman for the country's military said on Monday.
The UAE armed forces' largest deal, worth 1.4 billion dirhams, was for 750 military all-terrain vehicles from Oshkosk Corp, Major General Obeid al-Ketbi said.
It also agreed to buy an unspecified number of Predator drones from privately-owned U.S. firm General Atomics in a deal worth 722 million dirhams.
Major General Ketbi was speaking at the largest arms exhibition in the Middle East, held in Abu Dhabi.
HONG KONG, March 27 Asian stocks are set to start the week on a cautious note as President Donald Trump's stunning failure to get healthcare reform passed raised concerns about the prospects for his plans to use fiscal stimulus to boost economic growth.