The United Arab Emirates may expand its monopolies law, which sought to liberalize the sale of basic food products, to tackle other monopolies, including car dealers, Gulf News reported, citing the economy minister.
The move would boost competition and bring down costs by curbing “all types of monopolies and exploitation,” Sultan bin Saeed al-Mansouri said at a meeting of the country’s Federal National Council yesterday.
I hope the recent UAE-Azerbaijan Joint Economic Committee meeting will help strengthen the social and economic welfare of the people in both the countries. UAE has invested millions of dollars in Azarbaijan and the trade turnover between both the countries has rose to a great extent during the past few months.
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