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French defence company Giat Industries has said that there are no outstanding issues with the UAE on the contract for Leclerc tanks, and that deliveries are proceeding towards "fulfilment".

Turkey's Gate Elektronix yesterday said it was signing a $10-million contract with the UAE Navy for supply of electronic tracking system. Meanwhile, another Turkish firm, FNSS, has completed delivery of the last of the 130 plus armoured vehicles units contracted for by the UAE Land Forces.

They came, they held displays and now they will be waiting for the orders to come through. And the early trends are very encouraging indeed, said most exhibitors at Idex 2001 which closed yesterday after five days of frenetic activity.

Executive business travel in the Gulf has taken a beating since last week's terror attack on the U.S., and some multinational companies have advised company executives not to undertake travel on U.S.-owned airlines, industry sources said.

Buoyed by the success of the Emirates airline group's bond issue earlier this year, two local entities are planning their own debt offerings, with one being imminent, banking sources confirmed.