Canada Global(Web News) UAE’s Ministry of Economy has warned against increasing the prices of 9 essential items during Ramadan without prior permission.
The Ministry of Economy of the United Arab Emirates has issued a directive that there will be a ban on the increase in the prices of cooking oil, eggs, milk, rice, sugar, chicken, beans, bread and wheat during Ramadan. Monitoring in the Ministry of Economy of the United Arab Emirates And follow-up sector Assistant Undersecretary Abdullah Sultan Alfan Al Shamsi said that if the increase in the prices of these goods is inevitable, then it will be necessary to get approval.
The statement further said that with the arrival of Ramadan, there is abundant supply of products, especially food items, in the markets of the country. Planned to maintain balance of prices during Ramadan. It should be noted that this year promotions for various products have been introduced by some cooperative associations and from 25 to 75% on about 4 thousand items. Similarly, online stores in the UAE will also offer more than 40 percent discount on basic items, while up to 70 percent discount will be given on seasonal items like vegetables and fruits. More outlets have also extended the discount up to 75 percent.
