Ramadan shoppers in Saudi Arabia have been assured that the cost of essential foods will remain stable during the holy month despite the impact on supply chains of higher fuel prices and a global wheat shortage arising from the war in Ukraine.
Although prices of food and beverages have edged up in recent months, there will be no shortage of basic necessities thanks to the kingdom's “multiplicity of import sources globally”, the Ministry of Environment, Water and Agriculture said last month.
The ministry said Ukraine conflict had not had any negative repercussions on the local market or on supplies due to Saudi Arabia's experience in “dealing with crises that sweep the world”.
However, despite supply chain security, the inflation rate rose to 1.6 per cent in February from 1.2 per cent the previous month — its highest level since June last year.
Food and beverage prices rose by a five-month high of 2.4 per cent in February, compared with 2 per cent in January, mainly due to a 9.7 per cent surge in vegetable prices, according to the Central Department of Statistics & Information (GSTAT).
Preparations for Ramadan — in pictures
According to traders quoted in Saudi media, the two items that have seen biggest increase in prices before Ramadan are coffee and spices, both of which are in high demand during holy month. While spices went up by 5-6 per cent, traditional Arabic coffee rose sharply, by 30 per cent, they said.
Other Ramadan necessities, such as flour, oil and sugar, are likely to remain stable during Ramadan, supermarket manager Talal Mohammed told The National.
Supply has been good, we haven’t experienced any significant shortages or delays
Talal Mohammed,
supermarket manager
“Supply has been good, we haven’t experienced any significant shortages or delays,” Mr Mohammed said. “We expect prices to stay stable for the entire month.”
The Saudi government has made significant attempts to control unwarranted price increases since the start of the Covid-19 pandemic in February 2020.
According to trade guidelines from the Ministry of Commerce, food prices are subject to free competition between traders and dealers. However, in cases of shortage, monopoly, or an increase in indicated prices, traders who attempt to manipulate or hide item prices or conceal stocks are subject to fines ranging from 1,000 riyals ($267) to 50,000 riyals.
The ministry has also set up an online platform and a hotline for citizens to report cases of overcharging.
Overall, shoppers preparing for Ramadan appeared to be unconcerned as they loaded up their carts.
Hanaa Al Hamdan, a mother and hospital administration employee, told The National that she felt “secure” enough to shop freely, with government protective measures in place.
“Ramadan is the worst time to try to be conservative about shopping,” she said. “Food is such a central part of the experience. I trust that the government is looking out for us, especially since this time of year is so important to everyone.”
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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At Manchester United Appearances: 559; Goals: 253
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
Types of bank fraud
1) Phishing
Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
2) Smishing
The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
3) Vishing
The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
4) SIM swap
Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
5) Identity theft
Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
6) Prize scams
Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
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