{"id":106153,"date":"2025-08-01T00:00:00","date_gmt":"2025-08-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/chinese-marketplace-operator-zhuanzhuan-comes-to-dafz\/"},"modified":"2025-08-01T00:00:00","modified_gmt":"2025-08-01T00:00:00","slug":"chinese-marketplace-operator-zhuanzhuan-comes-to-dafz","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/08\/01\/chinese-marketplace-operator-zhuanzhuan-comes-to-dafz\/","title":{"rendered":"Chinese marketplace operator Zhuanzhuan comes to DAFZ"},"content":{"rendered":"<p class=\"tag-border-left\">RETAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai <\/strong><strong>Airport Freezone partners with Chinese secondhand goods gi<\/strong><strong>ant: <\/strong>The Dubai Airport Freezone (DAFZ) inked an MoU with Chinese online marketplace operator Zhuanzhuan Group to establish a cross-border supply chain for secondhand consumer goods, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/july\/31-07\/dafz-partners-with-chinas-zhuanzhuan-group\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The tie-up aims to boost Dubai\u2019s position as a logistics and trade gateway, granting DAFZ access to the Chinese firm\u2019s partner network.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">More on the agreement: <\/strong><span style=\"background-color: transparent;\">Zhuanzhuan will set up its regional headquarters in DAFZ, a facility that will handle recycling, quality checks, sorting, and packaging operations. The Dubai Integrated Economic Zones Authority is also involved and will support Zhuanzhuan\u2019s operations and coordination with local authorities, along with DAFZ.<\/span><\/p>\n<p class=\"tag-border-left\">AI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>UAE, M<\/strong><strong>alaysia, and Rwanda are teaming up to accelerate AI adoption in the Glo<\/strong><strong>bal South<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/uae-malaysia-rwanda-seek-to-boost-ai-adoption-in-global-south-bryhtftt\" style=\"\" rel=\"noopener\">press release<\/a>. An MoU will see the three collaborate on developing AI governance frameworks, talent exchanges, and other joint initiatives to support sustainable development in emerging economies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The collaboration falls under the Center for the Fourth Industrial Revolution\u2019s global network \u2014 initially set up by the UAE and Rwanda at the 2024 World Economic Forum in Davos, and now including Malaysia.<\/p>\n<p class=\"tag-border-left\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CBUAE <\/strong><strong>revokes Gomti\u2019s license:<\/strong> The Central Bank of the UAE (CBUAE) revoked the license of Gomti Exchange and removed its name from its register, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1994.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. It revoked the exchange house\u2019s license after an investigation found that Gomti had failed to comply with anti-money laundering and anti-terrorism financing frameworks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gomti isn\u2019t the first to have fallen foul of the central bank\u2019s standards this week.<\/strong> The bank also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/3d8f4cd5-4172-47f2-a56e-3c552e7f8832\/non-oil-trade-was-up-24%2525-y-o-y-in-1h.-plus:-gulf-capital-offloads-art-fertility-stake\" style=\"\" rel=\"noopener\">revoked Al Nahdi Exchange\u2019s<\/a> operating license and removed it from its financial institutions register.<\/p>\n<p class=\"tag-border-left\">FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CBUAE <\/strong><strong>gives Spare preliminary approval to join Open Finance Framework: <\/strong>The Central Bank of the UAE (CBUAE) granted in-principal approval for open finance infrastructure company <a target=\"_blank\" href=\"https:\/\/tryspare.com\/\" style=\"\" rel=\"noopener\">Spare<\/a> to operate under the country's Open Finance Framework, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1995.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Spare \u2014 which operates across Saudi Arabia, the UAE, Bahrain, and Kuwait \u2014 plans to offer account-to-account payment processing and financial data services through its API platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Pay10 became the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7a97d2bd-f426-4e6e-a834-f5101dd446d5\/uae-central-bank%25e2%2580%2599s-open-finance-framework-debuts-with-first-fintech-authorization\" style=\"\" rel=\"noopener\">first authorized firm<\/a> under the CBUAE\u2019s Open Finance Framework \u2014 which aims to standardize secure transactions and cross-sector data sharing \u2014 back in April, while Lean was the latest to receive approval <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2315dd0-4399-4063-8b68-08ae01de2930\/dae-secures-10-boeing-amid-fleet-reshuffle-%2B-enec-eyes-international-nuclear-projects-with-hyundai\" style=\"\" rel=\"noopener\">earlier this week<\/a>.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Giorgio <\/strong><strong>Armani launches first branded villas in RAK: <\/strong>Italian luxury fashion house Giorgio Armani \u2014 in partnership with <a target=\"_blank\" href=\"https:\/\/www.rakproperties.ae\/\" style=\"\" rel=\"noopener\">RAK Properties<\/a> and SIE Group \u2014 will launch its first-ever branded beach villas on Raha Island in Ras Al Khaimah, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/2008.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD Ports Group eyes Egypt's oil storage network:<\/strong> AD Ports Group signed a MoU with Egypt\u2019s Oil Ministry and Dubai-based TCM Project Management to explore joint development of Egypt\u2019s crude oil storage infrastructure, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2025\/07\/31\/ad-ports-group-egypts-ministry-of-petroleum-and-tcm-sign-mou\" style=\"\" rel=\"noopener\">press release<\/a>. The strategic network serves domestic and international energy markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: UAE, Malaysia, and Rwanda will work on AI adoption in the Global South<\/p>\n","protected":false},"author":1,"featured_media":106154,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[21,796,47,610,29,157,284,1393,534,98,642,965],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-ad-ports","tag-ad-ports-group","tag-also-on-our-radar","tag-artificial-intelligence","tag-capital-markets","tag-central-bank-of-the-uae","tag-china","tag-finance","tag-ras-al-khaimah","tag-real-estate","tag-retail","tag-uae-china-relations","wpautop","entry"],"acf":{"mongo_id":"2adadb82-825d-4e15-b404-d8d3c47e4822","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/2014.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Chinese marketplace operator Zhuanzhuan comes to DAFZ","related_issue":[106136],"teaser":"Plus: UAE, Malaysia, and Rwanda will work on AI adoption in the Global South","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.97df5952-fbc0-4946-9224-32cfc963a6e4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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