Food price increase is illegal: UAE
The UAE government has issued a law to freeze the price of 1,600 goods until the end of 2012. Any increase will be considered illegal and the violator will face hefty fines.
July 18, 2012 4:00Register for our free newsletter
The UAE government has issued a law to freeze the price of 1,600 goods until the end of 2012. Any increase will be considered illegal and the violator will face hefty fines.
July 18, 2012 4:00Consumer prices in the UAE dipped by 0.1 percent on an annual basis in October, their first decline in 20 months, and rose 0.4 percent from the previous month helped by a jump in food costs, data from the National Bureau of Statistics showed on Monday.
November 21, 2011 2:26What could possibly bring Kipp to use that phrase (incorrectly attributed to Marie Antoinette)? Food prices, of course. At this rate there will be no cake for anyone…
March 3, 2011 5:30Food price rises are less risky in the oil wealthy Gulf, but Saudi Arabia may see some public anger.
February 3, 2011 11:34Commission says price of key staples well below 2008 peaks; Era of cheap food is over; Supply response next year.
January 15, 2011 11:28Don’t think the UAE is immune; this is a fire that could engulf the whole region. With such a huge young population, governments must do everything possible to ensure jobs and opportunity.
January 11, 2011 4:13As the holy month of Ramadan draws to a close, the approaching festival of Eid is expected to trigger a lot of feasting, spending, travelling and charity.
September 14, 2009 1:49With inflation taking a sizeable chunk out of family budgets in the UAE, people have started looking out for discounts and no-name brands.
September 18, 2008 8:06