DMCC and Jafza sign deal

Dubai: The Dubai Multi Commodities Centre (DMCC) signed a memorandum of understanding (MoU) with Economics World Zone, Jafza’s parent company, to enhance trade and explore new collaboration. Jafza companies will benefit from a range of products available through DMCC Tradeflow, the only electronic central registry for commodity ownership in the region, and its value added services including Sharia compliant commodity Murabaha mechanisms, inventory financing, as well as certified storage facilities through DMCC’s “warehouse inspections and ratings programme”.