Qatar to launch crackdown on price hikes
Qatar to launch crackdown on price hikes
by Andy SambidgeThis email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 13 April 2009
PRICE CHECK: Qatar is to launch a new crackdown to stop price hikes on essential goods such as cement and steel. (Getty Images)Qatar is set to crackdown on the price of essential commodities by introducing tougher rules on distributors.
Under the new regulations planned by the government, distributors will have to seek prior approval from the Ministry of Business and Trade before they revise prices on products including steel and cement.
“We will set up the mechanism in the near future,” the Minister of Business and Trade Sheikh Fahd bin Jassim al-Thani said in comments published by Gulf Times on Monday.
He said the authority to either sanction or reject the price revision proposal would rest with his ministry.
He added that the government expected inflation to drop by up to three percent this year due to a fall in commodity prices and stability in the housing market.
refered by ...... ->
url is -> www.arabianbusiness.com%2F552395-qatar-to-launch-crackdown-on-price-hikes
http://www.arabianbusiness.com/552395-qatar-to-launch-crackdown-on-price...
Now that the bottom has fallen out of the real estate / Rent business they are waking up
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