Nuisance Of High Inflation Continues

Inflation continues to be a major concern in the UAE economy, and the food and drink sector in particular, as discussed in BMI's recently published UAE Food & Drink Report for Q208. With all of the Gulf oil-producing States looking to offset inflation by introducing price controls on rents, raising wages and increasing food subsidies, the UAE government has been considering giving its citizens discounts on basic food products. Under the proposed scheme, UAE nationals will be able to purchase rice, bread, tea, sugar, milk, butter and other basic food items at cost, by presenting an identification card. While economies

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