Kippreport looks into the new trend and the change in strategyNovember 29, 2015 5:01
Food prices are supposed to go down, TV viewing is expected to go up, and the government is giving away $1 million to the best Arabic drama during the holy month this year.
August 31, 2009 12:11 by kippreport
According to a report issued by the Statistics Center Abu Dhabi (SCAD) on the Foodstuffs Price Index, food prices went up by 0.39 percent in the first week of Ramadan compared to the previous week.
However, the UAE Ministry of Economy announced last week that food prices during Ramadan have fallen by between 20 and 30 percent compared with the same period last year. It said that additional ministry checks, deals with suppliers and retailers and a drop in global commodity prices have led to the decline in food prices during Ramadan.
Almost all major hypermarkets, including Carrefour, Safeer and Lulu have announced various Ramadan promotions to cut down prices of fresh fruits and vegetables, cooking oil, rice, meat, flour, eggs, spices and other basic products.
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