The Abu Dhabi Department of Economic Development (ADDED) has initiated an investigation regarding reports of unjustified price increases and inadequate inventory levels in certain enterprises over the past few days.
The department has confirmed that it is examining these reports to ensure compliance with market regulations, emphasizing that any confirmed violations will be referred to the appropriate judicial authorities in accordance with existing laws.
Furthermore, the Abu Dhabi Department of Economic Development reiterated its commitment to maintaining market stability, promoting fair business practices, and safeguarding consumer rights.
ADDED serves as the central authority responsible for company registrations and commercial licensing in Abu Dhabi and its free zones. The department offers a transparent platform to support the establishment and operation of businesses, ensuring adherence to relevant regulations and enhancing confidence among investors, while also aiding in the protection of consumers and trademarks. Additionally, it contributes to business growth and economic diversification through streamlined licensing processes and specialized guidance.