Is the rising price of consumer goods still putting a dent in your wallet?


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The Ministry of the Economy has held talks with UAE retail giants, including Carrefour, Lulu, and Manama, calling for a cut in the price of consumer goods. The move comes after consumer prices began to skyrocket across the UAE at the beginning of the summer against a backdrop of rising inflation. In recent weeks, wholesale costs of foodstuffs and raw materials have fallen, but the savings have not transferred to store shelves. Retailers say current stock had been purchased earlier at high prices, but as new shipments come in, prices will go down. Is the high price of consumer goods still putting a dent in your wallet? What else should be done to help alleviate this problem?

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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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