The UAE is slashing the prices of as many as 410 medicines by up to 77 per cent.
These are generic drugs used for treating cardiovascular diseases, hypertension, cholesterol and angina.
The Ministry of Health and Prevention has held talks with various pharmaceutical companies to implement the changes.
The price reductions come into effect from September 15.
UAE scraps 15-day grace period for payment delays for private sector
Starting June 1, private firms in the UAE will need to pay employees on the first of each month or face strict penalties as the Ministry of Human Resources and Emiratisation (MoHRE) removes the 15-day grace period for payments under a new resolution.
UN Chief 'deeply alarmed' by drone attacks on Barakah Nuclear Power Plant
UN Secretary-General António Guterres said he was "deeply alarmed" by reports of drones targeting the Barakah Nuclear Power Plant in Abu Dhabi.
Eid Al Adha holidays announced for private sector
Eid Al Adha holidays have been announced for private sector employees in the UAE.
UAE denounces attack targeting Barakah nuclear plant
The UAE has strongly condemned the unprovoked drone attack targeting Barakah Nuclear Power Plant in Al Dhafra region, stressing it reserves its right to respond to any threats to its national security and safety of its people.
