UAE bans price hike during Ramadan without prior approval

June 30, 2014 6:25 am

UAE economy minister, Sultan bin Saeed Al Mansouri has said suppliers and retailers in the country cannot increase prices of essential consumer commodities during the holy month of Ramadan without written consent by the authorities, Wam has reported. “The ministry will conduct inspection visits to the shops and restaurants throughout the holy month to ensure their compliance with laws and regulations pertaining to consumer protection,” he added.