• HSBC

UAE may subsidize nationals

  • United Arab Emirates: Wednesday, March 12 - 2008 at 09:48

The UAE cabinet is studying a plan to give its citizens discounts on food items, gasoline and cooking fuel to help offset inflation, reported Reuters. The plan would benefit only UAE nationals, who comprise only about a fifth of the 4.5 million people living in the Emirates. Jamal Al-Saeedi, executive manager of the Emirates Society for Consumer Protection, said the plan would allow UAE nationals to buy rice, bread, tea, sugar, milk, butter and other basic food items at cost.

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