Page 567 - MOE ENGLISH PR REPORT - JULY 2024

7/15/24, 3:25 PM UAE introduces new competition law banning 'very low' pricing practices
environment conducive to economic

development.

The law defines competition as economic

activities based on market mechanisms,

excluding those that harm trade,

development, and consumer interests. It

explicitly prohibits companies from

employing very low pricing strategies

intended to drive competitors out of the

market. Additionally, it regulates mergers

and acquisitions to maintain competitive

market conditions.

Also Read - Dubai to open first hospital
specializing in digestive

diseases

The Ministry of Economy will collaborate

with local authorities to monitor and

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