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- Dubai 05:20 06:37 12:08 15:09 17:32 18:50
Economy Ministry has teamed up with Union Cooperative Society (File)
Measures are underway to subsidise rice and bread to combat rising prices for everyday staples in the UAE.
The Union Cooperative Society, in cooperation with the UAE Ministry of Economy, launched the first phase of a campaign to curb food price rises through subsidising premium varieties of rice and Arabic bread.
The subsidy will effect Sinara and Itihad brands of rice and bread respectively from April 1 and will last throughout the year, it was announced on Thursday at a press conference, which was attended by Chairman of the Society Majid Al Shamisi, Director of the Consumer Protection Administration at the Ministry of Economy Hashem Al Nuaimi and other officials.
The Gulf is currently observing the Consumer's Week and the society has thrown a cooperative consumer festival to run concurrently.
As per the new move the rice and bread will be sold at the Union outlets at 2004 prices.
The society is currently conducting necessary studies to widen the scope of this drive covering a large number of varieties of essential food.
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