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- Dubai 04:33 05:50 12:21 15:48 18:46 20:03
Saudi plans to cut customs duty on steel by 5%. (REUTERS)
Saudi Arabia intends to cancel a planned customs duty on steel of five per cent, though this has not yet been enacted yet, a top Saudi Basic Industries Corporation (Sabic) official said yesterday.
It is the world's biggest bulk chemicals firm by market value.
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