The UAE launched a fresh price watch web-based tool that is set to tighten market watchfulness to uphold accurate prices for necessities. With the novel means, there will be round-the-clock tracking of commodities, supporting sustainable pricing levels on the markets while inhibiting warrantless increases in costs.
The site is set to enhance customer confidence, enabling the public to gain updated price trends of food, fuel, and household products. It also assists retailers and policymakers in making sound decisions with the help of reliable market data.
Authorities have pointed out that the initiative is in accordance with UAE’s commitment to economic transparency and consumer protection. The system will also allow rapid action against market manipulation, making sure that fair trade practices are followed.
With real-time data and AI-based analytics, this platform will be instrumental in making the UAE’s market environment more competitive and consumer-friendly.
