The American Kafir

2011/03/01

UAE: Prices Slashed On Hundreds Of Essential Items

Filed under: United Arab Emirates — Tags: — - @ 6:33 pm

Source Link: STRATFOR

Many retailers in the United Arab Emirates will reduce prices for nearly 250 essential commodities by 20 to 40 percent through the month of March, a government official said, Reuters, Gulf News and the Khaleej Times reported March 1. The cuts are part of the “national consumer protection day,” the UAE Economy Ministry’s consumer protection chief said. Cuts could be as high as 50 percent at some cooperatives, he said, and some supermarkets will offer a 30 percent discount after March. Some of the affected goods include flour, milk, tea, rice, sugar, oil, canned goods, coffee, pasta, flour, sauce, pickles and biscuits.

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