Coke, Pepsi seek price hike in UAE

Dubai Refreshment Co, distributors of Pepsi products in the UAE, and Al Ahlia Gulf Line, manufacturer and distributor of Coca-Cola products, have asked the UAE's ministry of economy to approve a price hike for their products in the country, Gulf News has reported. The ministry said it will decide on a price increase request by the end of next week. 'We have received the request from both companies and we will send it to the higher committee of consumer protection for approval,' Ahmad Abdul Aziz Al Shehi, director-general at the ministry told the newspaper.