Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Consumer protection stays top priority says Al Mansouri  Join our daily free Newsletter

MENAFN - Khaleej Times - 12/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Committee reviews mechanism for firms about raising prices

sultan bin saeed al mansouri and other officials at first meeting of supreme committee for consumer protection for 2014. — supplied photo

consumer protection is among the top priorities for the ministry of economy as it ensures social stability for citizens and residents who are the end users of products and services and constitute the most important link in the economic chain according to sultan bin saeed al mansouri the uae’s minister of economy.

his comments came during the first meeting of the supreme committee for consumer protection for 2014 which was held last week in dubai.

al mansouri said: “the initiatives launched by the ministry of economy and the supreme committee for consumer protection have succeeded in maintaining market stability and have reduced attempts at monopolistic behaviour including arbitrary raising of prices.

“i have repeatedly emphasised the ministry’s keenness to support consumer purchasing capacity and preserve the rights of the consumers. the ministry is keen to make them aware of their rights and accordingly guide them to follow the right consumer behaviour within the framework of the federal law no 24 of 2006 for consumer protection.”

the committee reviewed a series of reports outlining key issues relevant to the performance of markets. among the most notable was a report on the implementation of the cabinet decision no (1) for 2014 stipulating terms and conditions of solutions with regard to offenses committed against consumers by companies. the committee additionally reviewed a report on the recall and recovery processes in the uae and its implementation. applications submitted by companies seeking to raise prices of their products were also examined. regarding the report on the implementation of the cabinet decision no (1) for 2014 the supreme committee proposed that the ministry should establish a reconciliation committee to consider requests submitted for convivial solutions relating to violations of the consumer protection act. the committee also called for the identification of such solutions depending on the type of violation. a review procedure to identify harmonious out-of-court solutions has already been set up by the cabinet.

the supreme committee also reviewed the proposed mechanism for informing the companies about its decisions on their requests to raise prices based on article (4) of the federal law no 24 of 2006 on consumer protection. in this regard dr hashim saeed al nuaimi director of consumer protection department of the ministry of economy stated that the ministry has informed all retail outlets and restaurants to apply for requests to raise prices. he added that the ministry of economy has prepared an official form to be used by companies when making such requests.

at the end of the meeting the supreme committee for consumer protection reviewed the price fixing practices of the commercial sector. the exercise was aligned with the consumer protection department’s coordination with outlets and cooperative societies that have pledged to keep prices locked for select items. the number of items for which prices were locked totaled nearly 1000 in 2012 and rose to 1600 in 2013. the number is expected to rise to 3000 commodities by the end of 2014. the decision to lock prices is part of the ministry of economy’s ongoing efforts to promote competition and consumer protection in the uae.


 






  MENA News Headlines
 Sep 1 2014 - Qatar- Summary of Local News Released SundayQatar News Agency
(MENAFN - QNA) A summary of local news released Sunday by Qatar News Agency. - HH the Emir Sheikh Tamim bin Hamad Al-Thani sent on Sunday a cable of congratulations to Peresident of Kyrgyzstan ...

 Sep 1 2014 - China to become GCC's biggest oil importerMENAFN
(MENAFN) China is set to depend heavily on the capacity of the Gulf Cooperation Council (GCC) to provide a stable flow of oil for the next ten years, Saudi Gazette reported.The deal earlier announced ...

 Sep 1 2014 - Kazakhstan to boost bilateral ties with OmanMENAFN
(MENAFN) Kazakhstan expressed its aims to boost bilateral relations with Oman with increased diplomatic visits and trade relations, Oman Observer reported.The Sultanate has contributed to ...

 Sep 1 2014 - Qatar- Summary of Local News Released Sunday - 1-Qatar News Agency
(MENAFN - QNA) - The Qatar Philharmonic Orchestra will travel to the Royal Albert Hall in London next month to perform at the BBC Proms. The orchestra will perform the music of Sergei Rachmaninoff, ...

 Sep 1 2014 - 'City of Light' could recapture an intellectual leadership roleArab News
(MENAFN - Arab News) The holy city of Madinah has found a special place in World Economic Forum's report of the global agenda council on competitiveness.The report titled 'The Competitiveness of ...

 Sep 1 2014 - Final agreement for USD2b Omagine project near signingMENAFN
(MENAFN) A final agreement regarding the establishment of the Omagine real estate, tourism and entertainment project, which would cost USD2 billion and planned to be near Muscat International ...

 Sep 1 2014 - Global PTFE Market to Reach USD 6,440.0 Million by 2020MENAFN Press
(MENAFN Press) Global PTFE sales were estimated at USD 3,465.0 million in 2012, and are expected to reach USD 6,440.0 million by 2020, growing at a CAGR of 8.1% from 2013 to 2020, according to new ...

 Sep 1 2014 - Dubai set to stage Gary Barlow show in OctoberKhaleej Times
(MENAFN - Khaleej Times) Why the news of one pop concert in Dubai has wider (and happier) implications according to Adam Zacharias And so it begins.Earlier this week on my drive to work I heard on ...

 Sep 1 2014 - UAE- I always turned up with a couple of tapes: DJ NazKhaleej Times
(MENAFN - Khaleej Times) DJ Naz resident spinner at Toro Toro in Grosvenor House Dubai tells us about his musical beginnings and why hed like to follow in the footsteps of Ibn Battuta DJ style: ...

 Sep 1 2014 - UAE- Western Sydney Wanderers to feature in Al Jaziras IPIC CupKhaleej Times
(MENAFN - Khaleej Times) Western Sydney Wanderers who saw the back of last years champions Guangzhou Evergrande are set to touchdown in Dubai on Sunday.Ammar Bashir and Ali Al Nuaimi addressing the ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help