The UAE Ministry of Economy’s Consumer Protection Department conducted a field visit to the Union Co-operative in Al Barsha to verify the outlet’s compliance with the prices and sales terms.
Dr. Hashim Al Nuaimi, Director of the Consumer Protection Department, led the inspection, and the team found that prices were maintained at stable levels. Dr. Al Nuaimi said that prices of many commodities have decreased by about 20% compared with last year and expressed satisfaction on the availability of essential goods.
He praised the efforts made to reduce the prices of some basic commodities and said that it comes in line with the directives of the Ministry of Economy to reduce prices and ensure market stability during the Holy Month of Ramadan.
“The UAE Ministry of Economy is committed to supervising the consumer markets during Ramadan and will act quickly and decisively to ensure that all outlets adhere to the Federal Consumer Protection Law. We will not show any leniency to price manipulators or traders undertaking monopoly practices,” said Dr. Al Nuaimi.
“Our specialist teams will intensify their visits to monitor sales outlets across the Emirates in keeping with the Ministry’s priority to ensure consumer protection during the Holy Month,” he added.
The Ministry, he added, welcomes feedback and suggestions from the public and business community to sustain market best practices.
Rushika Bhatia Editor
Rushika Bhatia is one of the region’s leading commentators on business and current affairs issues. She is the Editor of CPI Media Group’s flagship title – SME Advisor magazine. In addition, she leads CPI Media Group’s infographics division – with special emphasis on data, research and statistics. Rushika has a Bachelor’s Degree from Indiana University, USA and is also CIMA qualified.