Abu Dhabi groups UAE defence firms under one roof to cut costs

ABU DHABI (Reuters) - Abu Dhabi plans to group more than 25 state-owned and private entities in the UAE defence sector, with combined annual revenues of $5 billion (£3.9 billion), into a single defence company.The United Arab Emirates, of which Abu Dhabi is the oil-wealthy capital, is one of the top buyers of Western arms and defence systems, mostly from its key ally the United States, and to a lesser extent from Russia and China.In a further consolidation after a 2014 merger of state-run..