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Europe’s aspirations to bolster its semiconductor industry are encountering significant challenges as it seeks to reduce its reliance on global supply chains. Currently, Europe produces less than 10% of the world’s advanced chips, a figure that European officials aim to double by 2030 with the assistance of Taiwan Semiconductor Manufacturing Co. (TSMC). This ambitious goal comes in response to supply chain disruptions during the COVID-19 pandemic and geopolitical tensions surrounding Taiwan, which dominates global chip production. Germany, alongside the United States and Japan, is investing heavily in domestic chip manufacturing. A joint venture between TSMC and European chipmakers, including Bosch, Infineon, and NXP, is constructing a €10 billion ($11 billion) facility near Dresden, expected to commence operations in 2027. The project aims to transform the region into a hub for semiconductor innovation, dubbed “Silicon Saxony.” However, the initiative faces obstacles such as complex permitting processes, labor laws, and environmental regulations. Additionally, Taiwanese suppliers supporting TSMC’s operations in Europe are grappling with visa issues, language barriers, and cultural integration. The high costs of building factories in Europe, nearly double those in Taiwan, further complicate the endeavor. Despite these challenges, European officials remain optimistic, viewing the TSMC project as a catalyst for job creation and economic growth. Meanwhile, concerns persist in Taiwan about the potential dilution of its semiconductor dominance as TSMC expands globally. Former Taiwanese President Tsai Ing-wen recently visited the Dresden site, urging Taiwanese engineers to remain connected to their homeland while contributing to the global semiconductor industry.

The United Arab Emirates (UAE) is witnessing a seismic shift in consumer finance, driven by the rapid adoption of Buy Now, Pay Later (BNPL) services. This transformation is fueled by the nation’s robust digital infrastructure, a tech-savvy population, and a booming e-commerce sector. With smartphone penetration projected to reach 90% by 2030 and mobile wallets becoming ubiquitous, BNPL is redefining shopping habits and business models across the Emirates.

The Abu Dhabi Securities Exchange (ADX) commemorates its 25th anniversary, marking a quarter-century of remarkable growth, innovation, and global influence. Established in 2000 with a modest foundation of 12 listed companies and local investors, ADX has evolved into a powerhouse in the financial world. Today, it boasts over 200 listed securities, serves 1.2 million investors from more than 200 nationalities, and ranks among the top 20 exchanges globally by market capitalization, with a market value exceeding Dh3 trillion. Since 2020, ADX has facilitated IPOs raising approximately Dh59 billion, solidifying its position as a global hub for capital and investment. Ghannam Al Mazrouei, Chairman of the ADX Group, reflected on the exchange’s journey, emphasizing its transformation from a local market to a strategic gateway for global capital. The past five years have been particularly transformative, with IPO activity raising nearly Dh18 billion in 2023 and Dh12.8 billion in 2024. ADX-listed companies have distributed over Dh320 billion in cash dividends since 2020, achieving a compound annual growth rate of over 33%. Abdulla Salem Alnuaimi, Group CEO of ADX, highlighted the exchange’s forward-looking strategy, focusing on expanding products, deepening liquidity, embracing technology, and creating long-term value for stakeholders. ADX has also pioneered regional firsts, including exchange-traded funds, foreign sovereign bonds, blockchain-enabled eVoting, and the region’s first blockchain-based digital bond. Looking ahead, ADX aims to strengthen digital infrastructure, expand investment products, and deepen regional integration through platforms like Tabadul, which links six regional markets. With a legacy of innovation and a roadmap for future growth, ADX stands poised to continue empowering capital, investors, and sustainable prosperity for generations to come.

The UAE Ministry of Foreign Trade has issued a detailed statement addressing recent reports concerning gold imports from Sudan, reaffirming the nation’s commitment to transparency and regulatory excellence in the gold trade. In 2024, the UAE processed a staggering $186 billion worth of gold, with only $1.97 billion originating from Sudan, accounting for a mere 1.06% of the total. This figure represents less than 0.4% of the UAE’s GDP, underscoring the limited economic impact of Sudanese gold imports. The ministry emphasized that the UAE, as the world’s second-largest gold trading hub, sources gold from exporters across all continents. Over the past five years, the UAE has implemented a robust regulatory framework to ensure the security, safety, and transparency of gold transactions. This framework includes mandatory anti-money laundering measures, customer due diligence protocols, annual audits, and compliance with OECD guidelines for responsible supply chains from conflict-affected regions. The UAE’s regulatory standards mandate enhanced due diligence for gold refineries and traders, particularly for suppliers operating in high-risk areas. This risk-based approach, supported by stringent oversight and comprehensive training programs, has significantly reduced the likelihood of conflict-affected gold entering the legitimate supply chain. These measures have bolstered the UAE’s reputation as a stable and reliable gold trading center, earning the trust of global exporters. The ministry concluded by affirming its commitment to maintaining the highest international standards in collaboration with global regulatory bodies.