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USB-C Becomes The Standard Charger Across The EU: What You Need To Know

As of December 28, 2024, USB-C officially became the standard charger for a wide range of electronic devices in the European Union, according to the European Parliament’s Internal Market Committee. This new regulation aims to simplify charging solutions, reduce electronic waste, and save EU households an estimated €250 million annually.

Devices Affected

The new rules apply to:

  • Mobile phones
  • Tablets
  • Digital cameras
  • Headphones
  • Video game consoles
  • Portable speakers
  • E-readers
  • Keyboards and mice
  • Portable navigation systems

By April 28, 2026, this requirement will extend to notebook computers.

Consumer Rights And Packaging Changes

Under the updated legislation, consumers will have the option to purchase devices without chargers, promoting the use of existing accessories. Additionally, manufacturers must update packaging to clearly indicate the charging capabilities of each product.

A Decade-Long Effort

The journey toward a common charger standard in Europe began in 2009. Over the years, the variety of charging standards has been streamlined from 30 types to just three: USB-C, USB micro-B, and Lightning. This latest step cements USB-C as the dominant standard, setting a new precedent for compatibility and sustainability across the region.

The new rules are expected to make life more convenient for consumers while supporting the EU’s broader environmental goals.

MENA Tech Index Fell 4.6% In July, But Outperformed Global Tech

The MAGNiTT Tech Index fell 4.6% in July, marking its second consecutive monthly decline as technology stocks weakened across global markets. MGTI closed the month at 165.24, down 4.76% in 2026 and 24.88% from its January 2025 peak.

Despite the decline, the index remained 65.24% above its January 2023 inception level. Its lower correlation with global technology benchmarks also limited its exposure to the broader technology sell-off.

Saudi Technology Stocks Lead The Decline

Saudi technology companies accounted for much of July’s decline. Nice One fell 21.3%, Jahez dropped 17.2%, and Rasan declined 15.7%, while Talabat gave back part of its second-quarter recovery.

Only three of the index’s 15 constituents ended July higher. MGTI also underperformed regional equity markets, with Saudi Arabia falling 1.89% and Dubai declining 2.69% during the month.

MGTI Shows Lower Correlation With Global Tech

July marked a reversal in global technology stocks, with MSCI EM IT falling 12.81% and MSCI ACWI IT declining 5.64%. MGTI’s lower correlation with those benchmarks limited the decline, with a correlation of 0.36 to MSCI EM IT.

The index also has limited exposure to semiconductors and large-cap AI companies that have driven much of the recent global technology rally. Its performance therefore differs from the broader global technology cycle.

MGTI Remains Above Its 2023 Level

MGTI has gained 65.24% since its January 2023 inception despite its recent declines. The index entered August down 4.76% for 2026 and nearly 25% below its January 2025 peak.

The MAGNiTT Tech Index July 2026 Monthly Update includes constituent-level performance, regional and global benchmark comparisons, and data on correlation, beta and volatility.

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The Future Forbes Realty Global Properties
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