Dubai lifts customs duties
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Dubai lifts customs duties

Dubai lifts customs duties

Dubai has eliminated import duties on cement and steel 'until further notice' to help stabilise the price of building materials, reported Gulf News. The decree, issued by UAE Vice President and Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum, also allows all contractors and real estate developers to import these two materials without restrictions. The move comes at a time when contractors are trying to cope with a 50% jump in steel and cement prices.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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