The Abu Dhabi Department of Economic Development’s Licensing and Registration Authority (ADRA) reaffirmed its commitment to maintaining market stability and ensuring high-quality goods and services at fair prices. This initiative is part of its regulatory and oversight role aimed at bolstering the national economy and safeguarding consumer rights.
ADRA explained that it continuously conducts inspection campaigns and monitoring visits across various businesses and markets to ensure compliance with established regulations and to identify any practices that could disrupt market equilibrium or harm consumers.
In light of recent developments, ADRA has issued a directive mandating economic entities to continue providing essential goods in sufficient quantities. The directive emphasizes the necessity of not raising prices for goods or services without valid and documented justifications in accordance with current legislation. It is crucial to sell appropriate amounts that meet consumer needs to maintain market balance and avoid any behaviors that could be deemed monopolistic.
ADRA reported that it conducted 740 field visits in Abu Dhabi, Al Ain, and Al Dhafra, during which several non-compliance issues were detected. As a result, 416 warnings and 38 violations were issued to non-compliant establishments.
ADRA will continue to monitor market activity and supply-demand indicators regularly, coordinating with relevant authorities to ensure smooth supply chains and the availability of essential goods.
Mohammed Muneef Al-Mansoori, the General Director of ADRA, stated, “The stability of markets is a top priority for the Abu Dhabi Licensing and Registration Authority, and our monitoring and educational efforts help build trust in the markets, fostering a fair and sustainable business environment.”
The authority encourages both consumers and traders to collaborate and report any irregular practices through official channels, contributing to market stability and ensuring a balance among all parties involved.