POST Online Media Lite Edition


​Dubai Economy imposes fines on 9 pharmacies and 2 suppliers for inflating face mask prices

Christian Fernsby |
Dubai Economy issued fines to nine pharmacies and two pharmaceuticals suppliers for inflating the prices of face masks and trying to take undue advantage of the high demand for hygiene essentials following the nationwide alert against the coronavirus pandemic.

Article continues below

Topics: ​DUBAI    FINE   

The fines were issued after consumer complaints and follow-up by the Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy. The nine pharmacies, located in Jumeirah, Al Wasl, Naif, Ibn Batuta Mall, Mall of the Emirates, Al Khawaneej, and Mirdif were found to have sold the masks at exaggerated prices.

The two suppliers were fined after CCCP tracked the supply chain and verified that they had distributed the masks to the pharmacies at an exaggerated price.

A repeat offense would attract double the fines and may lead to closing down the business. Dubai Economy appealed to pharmacies and medical equipment suppliers to demonstrate their social responsibility by reducing the prices of hygiene essentials in view of the present situation.

What to read next

Commission fines five banks €1.07 billion for participating in forex spot trading cartel
CFTC orders six financial institutions to pay more than $6 million for reporting failures
EU's Court of Justice upholds fines imposed on Samsung for participation cartel