Saturday, March 1, 2008

Food Prices in UAE

I read an article in the Gulf News about the “Food prices call for revaluation”. The article was published by a banking editor whose name is Babu Das Augustine. I had chosen this article because it was talking about problem existed in our time and people are suffering from it. This article gave specific reasons and details behind the increase in the food prices in the UAE. It also provides the people with information about the prices of some basic food items such as oil, sugar, and rice. This problem forced some companies to increase the salaries for their employees to cover their basic needs for their lives. In fact, increasing in the food prices problem is a part of a global trend. I think the main reason of the rise in prices as the writer mentioned is “currency reforms”. Moreover, dirham had become less compared to the dollar. In my opinion, people should know about the differences in the food prices in the UAE and the gulf countries and the causes of it. Also, the government has to find the solutions for this problem. In my view, the increasing of the prices for the basic items in our life is not fair because people are not benefiting from the rise in their income.

1 comment:

Zurob said...

Excellent work Hajer. No errors so your grade is Excellent. I think you're right about the problem. The dirham needs to be revalued against the dollar.