Page 48 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

Press Release

Ministry of Economy launches national platform for monitoring

prices of essential commodities to enhance government oversight of
markets and real-time price tracking

Platform integrates a vast network of consumer cooperatives, hypermarkets, and
major retail chains that collectively represent over 90 per cent of domestic trade

in essential consumer goods across the seven emirates

Abu Dhabi, February 20, 2025:

The Ministry of Economy announced the launch of the national digital platform for monitoring
prices of essential commodities, aimed at tracking and monitoring the prices of essential consumer
goods specified under the new pricing policy adopted nationwide. The initiative aligns with Cabinet
Decision No. 120 of 2022 regulating prices of essential consumer goods, which consists of nine
commodities: cooking oil, eggs, dairy products, rice, sugar, poultry, legumes, bread, and wheat.

The platform offers a real-time price tracking system for commodities across a wide range of
consumer cooperatives and major retail outlets in the country. This enables the Ministry of
Economy and local regulatory authorities to monitor actual prices of essential goods in various
locations at the same time, facilitating oversight, comparison, and verification to ensure compliance
with the price ceilings set by the Ministry under the approved Pricing Policy.

H.E. Abdulla bin Touq Al Marri, Minister of Economy, emphasized that the UAE, guided by the
directives of its wise leadership, has successfully established a comprehensive legislative and
regulatory framework for consumer protection. It ensures a safe and stable consumer environment,
fosters the growth of the retail and wholesale sectors, and upholds best practices in commercial
oversight, strengthening consumer protection across the UAE. These efforts support the national
economy while enhancing its competitiveness and sustainability, in line with the objectives of the
‘We the UAE 2031’ vision.

H.E. Bin Touq said: "The launch of the new platform forms part of the Ministry of Economy’s
continuing efforts, in collaboration with its partners, to provide all necessary tools, technologies,
and enablers to ensure the highest levels of transparency and efficiency in monitoring consumer

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