Browse
related articles
UAE retailers fined for credit card surcharge
- United Arab Emirates: Wednesday, September 05 - 2012 at 11:38
The UAE economy ministry has fined a number of retailers across the country with fines of Dhs100,000 each for imposing surcharges on credit cards purchases, Khaleej Times has reported. The move was in response to more than 121 complaints over surcharges between 2-3% of the purchase value being levied by traders, in violation of regulations set earlier by the ministry. Petrol pumps and government services are, however, exempted from this rule. "Government services constitute less than 10% of the total purchases and use of credit cards," Dr Hashim Al Nuaimi, director of the consumer protection department at the ministry, said quoting a study.
Related Content
Article Options
StaffWednesday, September 05 - 2012 at 11:38 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
