UAE | Heritage and Culture

Steps in place to tackle price rise

The Ministry of Economy has taken a number of steps to rein in prices during Ramadan, an official statement said yesterday.

  • Gulf News Report
  • Published: 00:29 September 12, 2007
  • Gulf News

Abu Dhabi: The Ministry of Economy has taken a number of steps to rein in prices during Ramadan, an official statement said yesterday.

The ministry will tighten its control and intensify campaigns to curb shop owners from exploiting the demand during the fasting month, said the statement, carried by WAM.

The ministry's Consumer Protection Department held meetings to discuss measures "to prevent the manipulation of prices and curb unjustified increase in the prices of basic commodities and foodstuff," it said.

Merchants promised to cooperate with the ministry and place posters carrying guidelines to raise awareness among consumers. Leaflets were distributed to traders and shop owners warning them against increasing prices or face punishment.

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