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Qatar Steel will build a new steel plant in the country to cope with the growing demand for steel in the Qatari market and the wider regional market.

A new survey showed that private sector business activity in the UAE hit a record high in February thanks to new orders and output rising sharply.

According to a report by the International Monetary Fund (IMF), the United Arab Emirates economy should grow by 3.3 per cent this year which is slightly higher than previous forecasts.

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