The Ras Al Khaimah Economic Development Department has issued a circular regulating the trade of essential goods in markets as part of its ongoing efforts to protect consumer rights and ensure market stability. The circular includes a set of regulatory rules and procedures that economic establishments must adhere to, which contributes to maintaining market balance and price stability, and ensures the availability of essential goods, especially foodstuffs, in sufficient quantities to meet community needs. The Department emphasized in its circular the prohibition of any economic establishment increasing the prices of goods or services without a legitimate and documented justification, in compliance with applicable laws and regulations, and after completing the necessary procedures and obtaining the required approvals — if any — in accordance with the approved regulatory frameworks. The Department called on the public and stakeholders to contact them in case of any inquiries or observations via the number «072044444».
