In every part of the world, most people trying to get by share many of the same concerns: securing safety, health, well-being and that of their loved ones, employment, and being able to afford the price of basic needs – food, rent, electricity, schools, health care, and so on.
With time, however, it is inevitable for the cost of living to rise. This is bound to include an increase in food prices, although by how much depends on various factors, such as demand-supply, governance and political churns, albeit to varying degrees in different countries. It is not a surprise that in this past year, the highest food inflation, according to the database Statistica, was seen in Zimbabwe, Argentina and in the Palestinian territories.
In the UAE, where consumers benefit from economic stability, predictable prices and progressive governance, consumers now have some additional relief when it comes to food prices.
On Tuesday, new measures were announced to bolster price controls on staple foods such as cooking oil, eggs, dairy, rice, sugar, poultry, legumes, bread and wheat. Starting January 2, there is to be a minimum six-month gap between increases of these items, which would protect consumers and ensure affordability.
The new regulation complements other such UAE consumer-protection laws already in place that cap prices for thousands of items. This added measure goes to ensure fairness in pricing and affordability for all.
At a time when global food prices have been at their highest, as of October, according to the UN Food and Agriculture Organisation, measures such as these provide an important safety net for everyone.
Broadly speaking, people tend to expect consistency of pricing and are averse to unscrupulous retailers, and price volatility, not least because monthly budgets for many households are often synced with the expected price of provisions and groceries in the coming weeks and months.
And while under this new regulation it appears consumers stand to gain by instances of arbitrary price rise of essential commodities being eliminated, considerable thought has been given to the needs of vendors to run a business profitably. In 2022, the Ministry of Economy had already decreed that a maximum profit margin for suppliers or traders for each commodity would be determined by the Ministry, and that a formal channel would be available for suppliers and traders to submit price-hike requests. Now, starting in the new year, prices, too, can only be raised with approval from the Ministry.
It is also good news for customers to know that the larger shops, with premises exceeding 1,000 square metres, are required to clearly display prices a unit so that people know what they are paying for. This eliminates the unpleasant business of customers potentially being disadvantaged by arbitrarily hiked prices in certain shops, a not altogether unknown phenomenon, and for which violators have been penalised in past years. No one is unfamiliar with fluctuating prices and the experience of a loaf of bread or a whole chicken costing very different sums in different supermarkets or convenience stores.
Transparency and clarity on pricing are important for basic food stuffs, while a wide range of products are left to market variables. Agility and diversification are key components in a dynamic country like the UAE.
Sustainable Development Goals
1. End poverty in all its forms everywhere
2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture
3. Ensure healthy lives and promote well-being for all at all ages
4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5. Achieve gender equality and empower all women and girls
6. Ensure availability and sustainable management of water and sanitation for all
7. Ensure access to affordable, reliable, sustainable and modern energy for all
8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
10. Reduce inequality within and among countries
11. Make cities and human settlements inclusive, safe, resilient and sustainable
12. Ensure sustainable consumption and production patterns
13. Take urgent action to combat climate change and its effects
14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development
15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
17. Strengthen the means of implementation and revitalise the global partnership for sustainable development
Red Joan
Director: Trevor Nunn
Starring: Judi Dench, Sophie Cookson, Tereza Srbova
Rating: 3/5 stars
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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HEADLINE HERE
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UAE currency: the story behind the money in your pockets
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster