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UAE cement crisis

United Arab Emirates: Sunday, August 22 - 2004 @ 09:44

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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Sunday, August 22- 2004 @ 9:44 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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