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Promoting Sustainable Development in the UAE and Beyond

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EXIM FINANCE

In an interview with Exim Finance’s co-founder, Mr. Salah Al Nasser, we explore the company’s critical role in advancing sustainable development across the UAE and the broader region. The discussion highlights the progress in sustainable finance, the transformative impact of technology on sustainability, and strategic investments in food security and water conservation. Exim Finance also underscores the significance of recognizing sustainability leaders through initiatives like the VerdExim Sustainability Award.

Based on your extensive experience in institutional investment management, what have been the most important developments in sustainable finance over the last decade? 

    The most important developments in sustainable finance include the integration of ESG criteria into investment decisions, the growing investor demand for responsible investments, and the enhanced regulatory frameworks that have significantly shaped the field.

    Over the past decade, sustainable finance has experienced notable growth, particularly in ESG investing, green bonds, and sustainability-linked loans. Regulatory changes, such as the EU’s SFDR, have improved transparency and standardized sustainability metrics, driving more capital towards sustainable investments. Key developments include:

    A) Increased investment focus on sustainable and climate-smart projects and innovations, exemplified by the commitments made each year at the COP conferences.

    B) The introduction of new financing tools and mechanisms focused on sustainability, such as blended finance and carbon credits.

    How do you perceive the role of technology in advancing sustainability in the future? 

    Technology plays a pivotal role in advancing sustainability by driving innovations in sustainable machines and equipment. These advancements help reduce environmental impact, increase efficiency, and support sustainable practices across various industries. By leveraging cutting-edge technology, we can develop solutions that contribute to a more sustainable future.

    Notably, technology is instrumental in renewable energy, smart grids, and AI-driven environmental monitoring. These innovations enable more efficient energy use, improved resource management, and support for circular economy practices. As technology continues to evolve, sustainable ventures will become increasingly cost-competitive compared to traditional business models, making technology a key enabler in the pursuit of sustainability

    Could you explain why investment in food security is important? Additionally, could you explore some key strategies for implementing sustainable land management practices that enhance food security? 

    Key strategies for enhancing food security include adopting vertical farming methods to optimize space and resources, utilizing hydroponic and aeroponic systems to minimize water usage, and integrating advanced technologies for precision agriculture. These practices boost crop yields, reduce environmental impact, and enable year-round food production. Investing in food security is essential for economic stability and addressing global challenges such as climate change and water scarcity. It also supports public health by reducing hunger and malnutrition, ensuring stable access to nutritious food. Sustainable land management strategies, including agroecology, water-efficient irrigation, crop diversification, and conservation agriculture, enhance food production and resilience.

    This region faces a critical water scarcity problem. Is this an important focus area for Exim Finance? 

    Addressing water scarcity is paramount for the region, and Exim Finance is at the forefront of sustainable water management. We invest in water-efficient technologies and infrastructure and support policies that promote water conservation. A prime example is the Regen Project, where our manufacturing process operates without water consumption, achieving unparalleled water efficiency and sustainability by eliminating wastewater production.

    Water scarcity remains a critical concern, and Exim Finance is dedicated to investing in projects that advance water conservation and efficiency. Our investments in recycling and desalination technologies contribute to a more sustainable water future. This commitment is evident in our recent engagements in agriculture and food security projects, which adopt water-saving measures and circular models. Initiatives like green organic fish farming and microalgae production exemplify our approach to using less water while promoting sustainable practices.

    How important is awarding and recognizing companies working with sustainability as a key concern globally? What is Exim’s vision in this sphere of work? 

    Recognizing and awarding companies for their sustainability efforts is vital in encouraging best practices and fostering innovation. Exim Finance is dedicated to promoting sustainable business practices and supports companies committed to environmental and social responsibility. By highlighting companies that prioritize sustainability, we inspire others to follow suit and adopt similar practices.

    Exim Finance actively supports sustainability leaders by offering financing solutions that reward environmentally and socially responsible business practices. This approach not only enables these companies to scale but also ensures they have a meaningful impact on global sustainability. Our vision is exemplified by the annual VerdExim Sustainability Award, a global platform that recognizes and celebrates startups making significant contributions to sustainability.

    The VerdExim Sustainability Award underscores Exim Finance’s commitment to fostering a sustainable future by supporting innovative startups in their initiatives. Through this award, we aim to drive global sustainability efforts and inspire a new generation of environmentally and socially conscious businesses.

    Explain how Exim Finance promotes sustainable development in the UAE and the wider region.

     Exim Finance is committed to promoting sustainable development by facilitating export finance backed by ECA guarantees and providing corporate guarantees through connected companies. Our support extends to projects that enhance environmental and social sustainability across the UAE and the wider region.

    A key aspect of ECA financing is the integration of ESG criteria, ensuring that all projects undertaken by Exim Finance are inherently sustainable. We fund renewable energy, sustainable agriculture, and green infrastructure projects, thereby fostering a more sustainable economy. Additionally, we facilitate green bonds and sustainability-linked loans, which support the transition to a greener future.

    Our commitment to sustainability is further demonstrated through:

    A) Investing in sustainable ventures and projects across the region. B) Awarding and recognizing sustainable companies annually through the VerdExim Sustainability Award.

    By recognizing and supporting sustainability leaders, Exim Finance drives innovation and best practices, contributing to the global effort towards a sustainable future.

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    MidChains and Standard Chartered establish strategic banking partnership

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    MidChains FZE, a digital asset platform licensed by the Virtual Assets Regulatory Authority (VARA) to provide broker-dealer services to retail, institutional and qualified investors, today announced a strategic banking partnership with Standard Chartered. 

    Under the partnership, Standard Chartered will support MidChains with a range of banking services, including fiat settlement capabilities, segregated client money accounts, and correspondent banking. These services will power MidChains’ day-to-day operations and enable efficient settlement. 

    Rola Abu Manneh

    Rola Abu Manneh, Chief Executive Officer, UAE, Middle East and Pakistan, Standard Chartered, said: “The UAE has established itself as one of the world’s leading regulatory environments for digital assets and a global centre for financial activity. That creates a strong setting for regulated digital asset firms and established financial institutions to work together. Our partnership with MidChains puts that opportunity into practice, with Standard Chartered providing the banking services that support its institutional activity, including fiat settlement, segregated client money accounts and correspondent banking.” 

    Basil Al Askari, Chief Executive Officer, MidChains, added: “Institutional capital moves continuously between traditional and digital markets, and the infrastructure supporting that activity must keep pace. For institutional investors, digital asset services need to connect with the banking system that supports their wider activity. Our partnership with Standard Chartered brings that connection to MidChains’ institutional services, supporting clients as capital moves between traditional and digital markets.” 

    By bringing a VARA-licensed digital asset platform together with an established international bank, the partnership connects institutional digital asset activity with the banking infrastructure behind fiat settlement. It is a practical example of how the UAE’s regulated financial ecosystem can link innovation with established banking capabilities to support international business. 

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    Ukrainian Business Council elects new Board to advance Ukraine–UAE trade and investment

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    The Ukrainian Business Council in the UAE (UBC) elected a new Board at its General Assembly at Dubai Chamber, where members also approved a 2026–2028 strategy to strengthen trade and investment between the two countries.

    Over the next three years, the Council plans to extend its trade delegation programme to new markets, deepen ties with international business councils and launch structured investment dialogues to connect UAE investors with opportunities in Ukraine. The UAE–Ukraine Comprehensive Economic Partnership Agreement (CEPA), Ukraine’s first agreement of its kind with a Gulf state, came into force in July 2026 and removes or reduces customs duties on most goods traded between the two countries.

    “Ukrainian companies are achieving real results in the UAE, and we see significant untapped potential for Emirati business and investment in Ukraine. Our role is to build on this momentum: to connect the right partners, support companies at every stage of their growth and help investment flow with confidence in both directions.” commented Olena Shyrokova, President, Ukrainian Business Council in the UAE.

    In 2025 and 2026, UBC led business delegations to Vienna, Qatar, Ras Al Khaimah, Fujairah, Oman and the Seychelles. It also ran webinars on UAE market entry for Ukrainian companies and business associations and supported the Ukrainian IT delegation at GITEX. Since its founding in 2016, the Council has established a dialogue with the Federation of UAE Chambers and chambers of commerce across the Emirates.

    Under the new strategy, UBC will work with international business councils to give Ukrainian companies access to wider business networks in the Emirates and use the UAE as a base for trade missions to the Gulf, Asia and Africa. The Council will help Ukrainian companies in the UAE with registration, investment and expansion. It also plans to help Ukrainian investors find opportunities in the Emirates, attract Emirati investment to support Ukraine’s recovery and develop arbitration and investor protection mechanisms to build confidence in cross-border agreements.

    The Council sees the strongest potential in sectors where Ukrainian strengths meet Emirati priorities: agri-food and food security, IT and digital services, renewable energy, logistics and port infrastructure, and post-war reconstruction. These are also the areas both governments have highlighted for future cooperation.

    UBC works closely with the Embassy of Ukraine in the UAE and with H.E. Dr Oleksandr Balanutsa, Ambassador Extraordinary and Plenipotentiary of Ukraine to the UAE. The Council took part in the Cities Unite: Cultural and Business Exchange between the UAE and Ukraine dialogue at Expo City Dubai, initiated by H.E. Reem bint Ebrahim Al Hashimy, UAE Minister of State for International Cooperation, and the Embassy of Ukraine.

    The Council will continue to support Ukrainian businesses and the wider community, helping companies expand into the UAE and encouraging UAE investment in Ukraine. Businesses, investors and potential partners interested in working with the Council can get in touch by reaching out to info@ukrainianbc.org.

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    UAE primed to convert FDI inflows into economic velocity, says new report

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    The UAE has built one of the world’s most successful models for attracting foreign direct investment (FDI) and is now positioned to convert that capital into lasting innovation and skill development, according to a white paper from White Paper Media Consulting (WPM), a UAE-based strategic research house that is shaping business and policy conversations in the region using credible datasets and analytical tools. 

    Beyond the Numbers: The Transformative Intangible Impact of FDI argues that the real returns on FDI now lie in the intangible value it embeds within host economies, with the UAE a defining case study. The paper contends that the next phase will go beyond investment volumes, number of projects, and job creation and be measured also in patents generated, skills transferred, data ecosystems built, and clean technologies commercialized, among other things.

    Official data shows that the UAE attracted more than $48.3 billion in FDI inflows in 2025, capturing 3.1% of global flows. Greenfield FDI reflected both volume and capital depth, with 1,562 projects announced for a combined $34.1 billion in capex, or 1.8% of the global total.

    The country’s ability to attract investment reflects its competitiveness as a hub for operational efficiency, supply chain integration, and regional headquarters functions. The UAE has deliberately repositioned its FDI strategy toward knowledge-intensive and future-oriented sectors, recognizing that long-term competitiveness is increasingly driven by innovation, digital capabilities, and human capital. This approach aligns closely with the OECD FDI Qualities framework, with tangible examples across each dimension: including the innovation and competitiveness, digitalization and technology adoption, sustainability and clean energy investments for climate targets, and human capital and local expertise.

    Drawing on the OECD framework and benchmarks from Ireland, Singapore, Israel, Costa Rica, and Malaysia, the report documents how leading economies have shifted focus from the volume of capital they attract to the long-term value it creates. In the context of UAE, this is visible in the shift in the country’s policies across phases that begin with the Foundation Phase from 1985 to 2005 of Market Liberalization and Infrastructure Creation, culminating in the current positioning as Global Capital and Technology Hub.

    The shift to value in the UAE has made a huge difference to the job-creation intensity of FDI. Approximately 2,816 jobs were created in the UAE for every billion dollars received in greenfield FDI in the five years from 2019 to 2023, compared to 2,265 in the previous five years. This is higher than the OECD average of 2,318 and 1,880 respectively.

    The paper identifies seven ongoing policy shifts that deepen the qualitative impact of FDI in the UAE, including extending spillovers from free zones into the mainland economy, prioritizing R&D-intensive investment, embedding skills transfer requirements in major projects, and positioning the country as a global leader in IP creation and data governance.

    Yazad Darasha, co-founder and director, WPM, said: “As trusted partners of public and private sector clients, we have tracked the UAE’s investment story for years, and the pattern is unmistakable. The country has positioned itself at the front of the race for capital. What we set out to map in this paper is the harder, more valuable contest: converting investment into skills, technology, and economic velocity. It reflects what we do at White Paper Media, turning complex evidence into decisions leaders can act on.”

    Dr. Joachim Arnold, CEO of OCO Global, which advises governments and businesses on attracting FDI, building competitiveness, and strengthening economic resilience, and contributed to the study, said: “The UAE’s infrastructure, free zones, and business-friendly environment helped attract companies and drive growth. The National Investment Strategy 2031 signals a more deliberate focus on investment that raises productivity and embeds benefits into the wider economy. The question is no longer only how to attract capital, but how investment creates lasting value, strengthens existing companies, and helps domestic businesses upgrade their capabilities.”

    The paper highlights live examples of this transition already underway, among them the Space42 and ICEYE joint venture building satellites on UAE soil, Microsoft’s $15.2 billion investment plan with a commitment to skill one million people, and the UAE’s $30 billion pledge to the Alterra climate fund.

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