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FINANCIAL NEWS
Dubai’ DED imposes fines on violating retailers
04 Jun 2012
(MENAFN) Dubai’s Department of Economic Development’s (DED) CEO of the Commercial Compliance and Consumer Protection Division (CCCP), Omar Bu Shahab, stated that as some retailers breached the consumer protection law, the DED has imposed fines of USD68,045 on several shops, reported Gulf News.
Shahab said that the DED has also confiscated around 800 products, adding that some stores in the emirate were misguiding consumers through submitting incorrect information.
He added that a number of consumers complained that several outlets offered fake discounts under a sales campaign; however, he noted that some retailers offer 75 percent discounts all over the year.
It is worth noting that retailers must get the approval of the economic department of an individual emirate for sales and discount campaigns.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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