Amazon MENA says it’s tackling price gouging

iStock [For illustration]

The boss of Amazon MENA says the company is against price gouging, and is taking steps to stop it.

Ronaldo Mouchawar has told Dubai Eye 103.8’s Dubai Eye on One that thousands of listings with high prices have been taken off the e-commerce site. He explains how the company has been doing this.

He also told the programme about the items that have been subject to price gouging.

 

Amazon has seen a big surge in items and sales during the pandemic, and Mouchawar says this period has been transformational for business.

He added that there was definitely a change in people’s retail habits as they stayed home and their needs changed.

More from Business News

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

On Virgin Radio today

Trending on Virgin Radio