Page 440 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

2/28/25, 5:08 PM UAE launches price monitoring platform to enhance surveillance of market

It will allow competent authorities to monitor the prices of nine essential consumer goods—cooking

oil, eggs, dairy, rice, sugar, poultry, legumes, bread, and wheat—across the nation’s largest retail
outlets, including cooperatives, hypermarkets, and major stores. The monitoring covers more than

90 per cent of the UAE's domestic trade in these basic commodities.

Consumer protection

According to Abdullah bin Touq Al Marri, Minister of Economy, the launch of this platform will

reinforce the UAE’s commitment to consumer protection and market stability. "The UAE has

established an integrated legislative and regulatory framework to safeguard consumers, ensuring a

safe and stable environment for shopping while boosting the retail and wholesale sectors,” said Al

Marri. "This new platform will further enhance transparency, governance, and regulatory
efficiency."

The platform instantly tracks pricing fluctuations and compares them against a pre-established price

ceiling set by the government. This feature ensures compliance with the official pricing policy,

helping prevent price manipulation, unjust hikes, or market exploitation by traders or suppliers.

Moreover, the platform uses advanced data collection and analysis technologies, offering

government officials and local authorities access to up-to-date information on pricing trends across
various regions.

In addition to monitoring prices, it also features a map-based tool for pinpointing non-compliant

retail outlets and pinpointing any monopolistic practices or price manipulations in real-time.

https://gulfnews.com/business/retail/uae-launches-price-monitoring-platform-to-strengthen-market-oversight-1.500042133 2/3