release "FinX Center" At the conclusion of the Dubai Precious Metals Conference

DUBAI, 25th November, 2018 (WAM) – Today, the Dubai Multi Commodities Center officially launched the “FinX Centre”, at the conclusion of the activities of the thirteenth session of the Dubai Precious Metals Conference, which lasted over two days.

The course brought together more than a thousand participants from senior sector leaders, experts and parties concerned in the fields of precious metals, finance, policies and technology from around the world, with the aim of anticipating the factors that are reshaping the future of this vital sector.

Under the theme “The Future of Precious Metals: Tariffs, Coding, and Trade Flows,” the conference explored the accelerating transformations in global commodity markets, in light of geopolitical shifts, the rise of emerging technologies, and the rearrangement of trade corridors that are redefining the mechanisms of cross-border value transfer.

The main discussions revolved around the convergence of the precious metals, digital assets and finance sectors, the growth of the “tokenization” process, in addition to the accelerating role played by Dubai as a global center for transparency and innovation in the global gold and precious metals industry.

The opening session witnessed keynote speeches delivered by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, Ruth Crowell, CEO of the London Bullion Market Association, and the well-known international financial analyst Grant Williams, along with representatives of the most prominent global stock exchanges, refineries, bullion banks, and regulatory bodies.

The dialogue sessions addressed a number of fundamental issues, including redirecting global trade flows, unifying international standards, responsible sourcing in artisanal mining, and the evolving role of bullion banks in a multipolar global economy.

One of the highlights of the conference is the official launch of the DMCC’s FinX Centre, which represents a new strategic expansion that aims to connect capital markets participants, trade finance experts, and innovators in the field of financial technology, with the growing DMCC business community, which includes more than 26,000 companies.

FinEx builds on DMCC’s established financial and trading infrastructure, which includes the Dubai Gold and Commodities Exchange, DMCC’s Crypto Hub, and the TradeFlow platform, as well as its strategic partnerships with prominent regulatory bodies such as the Dubai Virtual Assets Regulatory Authority.

Through this integrated system, the FinX Center will work to bridge the gap between real trade, capital markets and digital assets, thus enhancing Dubai’s position as a global center where the paths of finance, trade and innovation intersect.

His Excellency Dr. Thani bin Ahmed Al Zeyoudi said: “The precious metals industry in the UAE is a fundamental pillar of our economy, and a clear embodiment of our global ambitions. In 2024, the value of gold that passed through the country’s markets reached 186 billion US dollars, which strengthens an integrated system extending from refining and manufacturing to retail trade and re-export.”

He added that, in light of this strong growth, technology continues to reshape the features of the movement of economic value around the world, as coding and blockchain technologies open new horizons to raise levels of liquidity, transparency and efficiency across supply chains. Thanks to its strategic location, solid regulatory framework and growing network of commercial partnerships, the UAE possesses the necessary components that enable it to lead the next stage of global precious metals trade.

For his part, Ahmed Bin Sulayem, CEO and Executive Director of the Dubai Multi Commodities Center, said: “The volume of precious metals trade in the UAE during the past year alone exceeded 186 billion US dollars. This number represents the best evidence of market confidence in Dubai, and embodies the result of decades of investment in infrastructure, innovation, and enhancing transparency, which constitute the basic pillars of our entire business system. From the establishment of the Dubai Standard for the Delivery of Commodities to the continuous expansion of the Dubai Gold and Commodities Exchange, every step has contributed to laying the foundations for a global market. “More integrated and interconnected.”

He added that the launch of the FinX Center, coinciding with the thirteenth session of the Dubai Precious Metals Conference, is the launch of the next phase of that journey, and with the convergence of trade, technology, and finance, the sector needs a platform that allows institutional capital, financial technology innovators, and players in the field of real commodities to interact seamlessly, and this is exactly what the FinX Center provides, which integrates our award-winning infrastructure with our broader technology ecosystem to connect capital directly to physical supply chains and support tokenization-based markets.

He said that the Dubai Precious Metals Conference 2025 demonstrated the speed of development of our sector, and by building the platforms that the market needs, the DMCC ensures that Dubai remains not only the leading market for physical precious metals, but also a global center that shapes how value is traded, financed and secured for decades to come.

Building on a record year for precious metals trade in the UAE, which exceeded US$186 billion in 2024, the conference reaffirmed Dubai’s position as one of the world’s leading hubs for both physical and digital goods.

With more than 1,500 active companies within its ecosystem specializing in the areas of gold and precious metals, DMCC continues to provide infrastructure, services and integrated solutions that support global supply chains – from refining and logistics to trade and integrated financing solutions.

For more than a decade, the Dubai Precious Metals Conference has become an essential pillar in the global agenda for the precious metals industry as it provides a pivotal platform for cooperation and exchange of experiences at a time when global markets are witnessing unprecedented transformations.

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