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Electronic monitoring of prices considered to curb price manipulation
September 4, 2018, 9:02 am
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The Ministry of Commerce and Industry will soon monitor prices electronically to provide citizens and expatriates with updated price list of goods and commodities weekly in order to curb manipulation of prices by some traders, reports Al- Shahed daily quoting sources.

Sources have affirmed floating tender number 9/2017-2018 for monitoring prices electronically. This is in addition to field inspections conducted regularly in shops, markets and cooperative societies. They added big specialized international companies have been called to examine the required programs to serve public interest.

Meanwhile, Al-Rai daily has reported about official data showing that the ministry licensed 727 price reductions and free offers in August – 552 price reductions and 175 free offers. The ministry’s total fees for these licenses amounted to KD 36,000 – KD 17,000 for price reductions and KD 19,000 for free offers.

Source: Arab Times

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