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Raysut Cement to buy UAE firm

Oman's largest cement producer by market value, Raysut Cement, has said it is to buy Ras al-Khaimah-based Pioneer Cement Industries, Reuters has reported. "This project will serve the strategies and goals of the company and will add more value to the shareholders and investors of the company," Raysut said in a statement, without giving details on the size of the deal.