Page 441 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

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

New pricing policy

The move follows the UAE's implementation of a new pricing policy earlier this year, outlined in

Cabinet Resolution No. 120 of 2022, which regulates the prices of essential consumer goods. Under

the policy, any price increases for the nine listed commodities can only occur with prior approval

from the Ministry of Economy.

"With the launch of this platform, we are aligning with the goals of the Year of Community," Al

Marri continued. "This initiative not only strengthens our ability to safeguard consumer interests but
also supports our ongoing efforts to ensure fair pricing and protect against inflationary shocks. The

platform empowers stakeholders to tackle unfair price increases swiftly and efficiently."

The platform will also help to monitor the quality of consumer goods and ensure they meet the

health and commercial standards required by the government. From providing time-series price

tracking to comparing prices across different markets, the platform offers a comprehensive, data-
driven approach to maintaining a fair and competitive market.

Al Marri also emphasized that the Ministry’s continued efforts will contribute to further

strengthening the UAE’s economy and ensuring the prosperity of its citizens and residents by

enhancing the country’s ability to respond proactively to price shifts and ensuring that goods are

accessible at fair rates.

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