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.


 


Khaleej Times




  MENA News Headlines
 Sep 22 2014 - Kuwait make strong start at AsiadArab Times
(MENAFN - Arab Times)  KUWAIT CITY Sept 20 (Agencies): Kuwaiti national teams for volleyball handball and basketball had a powerful start at the 17th Asian Games which officially started two ...

 Sep 22 2014 - West Ham 'inflict' fresh EPL misery on LiverpoolArab Times
(MENAFN - Arab Times) LONDON Sept 20 (AFP): Liverpool suffered a second successive Premier League defeat after losing 3-1 away to West Ham on Saturday. Brendan Rodgers's side had lost 1-0 at home to ...

 Sep 22 2014 - Ronaldo Bale combine for 5 in 8-2 routArab Times
(MENAFN - Arab Times) MADRID Sept 20 (AFP): Cristiano Ronaldo scored a hat-trick as Real Madrid equalled their biggest ever away win in La Liga with a 8-2 thrashing of Deportivo la Coruna on ...

 Sep 22 2014 - N.Korean lifter breaks recordArab Times
(MENAFN - Arab Times) INCHEON South Korea Sept 20 (Agencies): Hosts South Korea were the Asian Games' surprise first-day medal leaders on Saturday but they had to share the limelight with China and ...

 Sep 22 2014 - 'Enjoying the return to music'Arab Times
(MENAFN - Arab Times) NEW YORK Sept 20 (AFP): Releasing a new album near his 80th birthday Leonard Cohen cheekily addresses his age in the very first song intoning 'It's not because I'm old ... I ...

 Sep 22 2014 - QFC Authority Seeks Public View on Rule ChangesQatar News Agency
(MENAFN - QNA) Qatar Financial Centre (QFC) Regulatory Authority has released a consultation paper seeking public comment on proposed rule changes that amend the approved individuals regime (AI ...

 Sep 22 2014 - $88.5 Million Grant from Qatar for 'Recovery, Reconstruction' in DarfurQatar News Agency
(MENAFN - QNA) Qatar signed Monday an agreement at the Permanent Mission of the State of Qatar to the United Nations, to provide a grant of $88.5 million to the United Nations multi-partner trust ...

 Sep 22 2014 - HE the Premier Meets US AmbassadorQatar News Agency
(MENAFN - QNA) HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met on Monday morning with HE Ambassador of the United States of America to Qatar Dana ...

 Sep 22 2014 - Kyrgyzstan Parliament Speaker Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Kyrgyzstan Parliament Speaker Asylbek Jeenbekov met Monday with Qatari Ambassador to Kyrgyzstan Mohammed Arar Omeer Alramazani Al-Nuaimi. They discussed bilateral relations and the ...

 Sep 22 2014 - CMU Qatar Opens 11th Year With Record 427 StudentsQatar News Agency
(MENAFN - QNA) Carnegie Mellon University in Qatar welcomed 112 new students for the 2014-2015 academic year, growing from an inaugural class of 41 students in 2004 to 427 students from 40 different ...

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