Page 558 - MOE ENGLISH PR REPORT - JULY 2024

7/15/24, 3:24 PM UAE Implements New Competition Law to Prevent Monopolistic Pricing
UAE Implements New Competition

Law to Prevent Monopolistic Pricing

The UAE has introduced a new competition law aimed at preventing companies from using

very low prices to monopolize the market and drive out competitors. The law, outlined in
Federal Decree-Law No. 36 of 2023, seeks to ensure fair competition and protect consumer
interests by regulating economic activities and market mechanisms.

Under the new regulations, companies are prohibited from offering excessively low prices
for production, transfer, and marketing if such practices are intended to eliminate
competition. This law aims to foster a competitive market environment while safeguarding

consumer rights and preventing monopolistic behaviors.

The Ministry of Economy will oversee the implementation of the law, working closely with
local authorities to conduct inspections and ensure compliance. The ministry is also

empowered to take action upon receiving complaints about unfair competitive practices.

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