Dubai Economy has levied fines for price-tampering on nine pharmacies, two supermarkets and three wholesale suppliers.
All 14 were found to have inflated the price of face masks to take advantage of the current COVID-19 crisis.
Dubai Economy says a repeat offence will attract double the fine and may lead a merchant being closed down.
Investigators responded to complaints logged by consumers through their price.ded.ae portal or by calling 600 54 55 55.
Trump says Intel agrees to deal for US to take 10% equity stake
President Donald Trump said on Friday the US would take a 10 per cent stake in Intel under a deal with the struggling chipmaker and is planning more such moves, the latest extraordinary intervention by the White House in corporate America.
Musk sought Zuckerberg help for OpenAI bid, court filing shows
Elon Musk tried to enlist rival Mark Zuckerberg for the $97.4 billion bid that his consortium made for OpenAI earlier this year, but the CEO of Meta Platforms did not come on board, OpenAI said in a court filing on Thursday.
UAE Central Bank gold reserves rise 26% in five months
The UAE Central Bank (CBUAE) increased its gold reserves by 25.899 per cent during the first five months of the year to AED 28.933 billion, up from AED 22.981 billion at the end of December 2024.
Italian fashion house Valentino hires Riccardo Bellini as CEO
Italian fashion house Valentino has appointed industry veteran Riccardo Bellini as new chief executive, it said on Wednesday, adding he will take up the role at the start of September.
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