Picture for illustrative purposes only. ARCHIVE

The UAE's Ministry of Economy and Tourism has referred a cartel accused of manipulating poultry prices to the Federal Public Prosecution, following an investigation into anti-competitive practices during the ongoing regional situation. Authorities said the group colluded to fix and unjustifiably raise poultry prices, "exploiting exceptional circumstances to the detriment of consumers." The ministry said the actions violate the Regulation of Competition Law and Federal Law on Consumer Protection, describing them as harmful to consumer rights and market stability. The case comes amid intensified inspection campaigns carried out in coordination with relevant authorities, as the government increases monitoring of essential goods. Under UAE law, agreements between businesses are prohibited if they distort or restrict competition. This includes price-fixing, artificial inflation, collusion in tenders, and limiting supply or distribution. The law also covers practices such as hoarding, stockpiling, or withholding goods to create artificial shortages and drive up prices. The ministry said such violations carry broader risks, especially during exceptional conditions, as they may directly affect the country’s food and economic security. Officials said enforcement efforts will continue to ensure fair pricing, protect consumers, and maintain market balance. ICA/Expat Media
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