Abu Dhabi, UAETuesday 20 August 2019

Business Extra podcast: Amazon primed to shake up online shopping

In this week's episode we discuss the launch of the US e-commerce company's membership service, FinTech, US-China trade tensions and oil prices

Some of the products available on Amazon Prime in the UAE.
Some of the products available on Amazon Prime in the UAE.

Nearly two years on from the acquisition of Souq.com, the US e-commerce company Amazon is front and centre in the UAE again with the launch of its paid subscription service, Prime.

Host Mustafa Alrawi, Assistant Editor in Chief, and Kelsey Warner, Assistant Business Editor, talk to Nada El Sawy, The National's Business Correspondent, about what this development means for consumers and retailers in the region.

Also there was the meeting in Japan of G20 countries' central bank governors this week where IMF head Christine Lagarde sounded down a warning about properly harnessing FinTech.

US-China trade tensions dominated the mood however with the full G20 leaders meeting still to come and a face-off between Washington and Beijing. Opec and its allies have extended their co-operation on oil production curbs, shoring up prices. But for how much longer?

Updated: June 13, 2019 01:10 PM

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