Coke awaits approval for price hike in UAE

Antoine Tayyar, spokesman for Coca Cola Middle East, has said its UAE partner, Al Ahlia Gulf Line, is still waiting for permission from the ministry of economy to introduce a 'price adjustment' for its soft drinks in the UAE market, Emirates Business has reported. 'The company can't increase retail prices without permission from the ministry,' he said. AGL wants to implement increases of 50 fils to Dh1.50 for small bottles and Dh1 to Dh5 for family-size bottles.