Hakim pledges to strike with iron fist any price hike attempt

FEBRUARY 16, 2015 (REFERRING TO THE NATIONAL NEWS AGENCY – LEBANON) Trade and Economy Minister, Alain Hakim, on Monday said that the Ministry of Economy shall monitor prices with an iron fist and prohibit attempts at fraud and market monopoly.

“The Ministry shall refer all violators to the concerned judiciary apparatuses, especially with matters related to oil products,” Hakim said in an address to the Lebanese today.

“In my capacity as the Minister of Trade and Economy, I have never and shall never be lenient with those who try to monopolize the market. I promise all those who try to manipulate the market that they will be pursued with an iron fist,” the Minister said, calling on traders to act responsibly handling their national responsibility towards the people and society.