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UAE cement crisis
A crisis over soaring cement prices in the UAE has now led to fears of oversupply and a price crash. When prices leapt 200% in May even as supplies fell short, contractors began importing, helped by a government tariff waiver. Now suppliers are rapidly offloading stocks, fearing a glut in the market.
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Lisa Creffield, CorrespondentSunday, August 22 - 2004 at 09:44 UAE local time (GMT+4)
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This article was updated on Sat Aug 28 2004.
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