Financial
Empowering Entrepreneurs and Fostering Financial Wellness for a Thriving Future in the Region!
Integrator had an exclusive interview with Jigar Sagar, a UAE-based serial entrepreneur. In this conversation, he shares motivational, strategic, and actionable insights tailored for aspiring entrepreneurs, business professionals, and those passionate about finance and innovation.
Jigar, tell us the story of your beginnings and what is your core area of expertise?
My entrepreneurial journey began quite early, at age 10, working in my family’s retail shop in Sharjah’s Gold Souk. This early exposure was instrumental in shaping my understanding of business fundamentals. The dynamic nature of the gold market, with its constant price fluctuations, naturally drew me toward understanding numbers and financial mechanics. Every day after school, from 6 PM onwards, I would immerse myself in the family business, learning invaluable lessons about customer service, inventory management, and the importance of building lasting relationships with clients.
What started as basic bookkeeping in the family business evolved into a deeper passion for finance and accounting. The gold market taught me early on that success in business isn’t just about sales – it’s about understanding the numbers behind those sales, managing inventory effectively, and maintaining precise financial records. This realization led me to pursue a bachelor’s degree in business administration with a specialization in finance from the American University of Dubai, where I graduated with Cum Laude honors.
My core expertise lies in understanding the intricate relationship between numbers and business success. Whether it’s corporate finance, strategic planning, or risk management, I believe that financial literacy is the backbone of any successful enterprise. This financial acumen, combined with my practical experience in business setup and growth strategies, has been crucial in my journey from the Gold Souk to managing multiple successful ventures. My expertise has evolved to encompass not just financial management, but also strategic business development, risk mitigation, and the creation of sustainable business models that can weather market fluctuations and economic challenges.
Tell us about what inspired you to transition from a finance manager to an entrepreneur?
Entrepreneurship was always the end goal for me—employment was a stepping stone in my larger journey. My brief stint at HSBC’s treasury department and subsequent role as Finance Manager at Creative Zone helped me build a strong foundation for my entrepreneurial aspirations.
Employment served multiple crucial purposes: it allowed me to accumulate capital for future investments, provided hands-on experience in corporate operations, and offered valuable insights into both effective and ineffective business practices. I specifically chose to work at Creative Zone, a startup at the time, rather than working with a large multinational, because I recognised that startups offer accelerated learning opportunities and growth potential that established corporations typically can’t match.
In a startup environment, roles are often fluid, and this allowed me to gain experience across multiple aspects of the business. I progressively moved from finance to sales, then to operations, and eventually became the key point person for government relations. This comprehensive exposure was invaluable in understanding how different business components interact and influence each other.
What truly inspired me was the opportunity to build something from the ground up. At Creative Zone, I witnessed firsthand how good business relationships could lead to new venture opportunities. This experience culminated in my acquisition of a minority stake in the company pre-Covid, marking my first significant step from employee to owner.
The transition wasn’t just about changing roles – it was about fulfilling a vision I’d had since my early days in the Gold Souk. I wanted to create not just successful businesses, but entire ecosystems that could support and nurture other entrepreneurs. This desire led me to launch multiple ventures, each addressing specific market gaps and needs I’d identified during my employment years.
How did you approach financial management and scaling Creative Zone to become Dubai’s largest business setup advisory firm? Can you share the (financial) details of your exit from Creative Zone?
The scaling of Creative Zone was built on three fundamental principles I learned from my early days in the Gold Souk: meticulous financial management, customer service excellence, and continuous innovation in service offerings.
In the initial phases, our focus was primarily on robust cash flow management and maintaining lean operations. This meant being extremely mindful of our expenses while simultaneously investing in growth opportunities. Drawing from my family business experience, I understood that customer service would be our key differentiator in a competitive market.
We consistently expanded our service portfolio to address evolving market needs. This included launching Creative Zone Business Hub and Creative Zone Tax & Accounting, which helped create additional revenue streams while providing more comprehensive solutions to our clients. Our approach to growth was always customer-centric, ensuring that each new service offering addressed a genuine market need.
The success of this strategy culminated in a multi-million dollar exit to a fund. This exit validated our business model and growth strategy, while also providing resources for future ventures and investments in the UAE’s entrepreneurial ecosystem.
You had mentioned that hardworking people are paid the least during the Gladiator Summit in Dubai? What made you say so?
This observation comes from years of experience and studying successful business patterns. While our traditional education system promotes the idea that hard work alone equals success and higher compensation, the reality of modern business presents a different truth.
Don’t misunderstand – hard work is absolutely essential and non-negotiable for success. However, it’s the combination of hard work with smart strategic thinking that truly creates exponential value. I’ve seen countless examples of people who work incredibly hard in their jobs, putting in long hours and maximum effort, yet they remain in the same financial position year after year.
The key differentiator lies in how you channel that hard work. Are you building something sustainable? Are you creating systems that can work for you? Are you developing multiple revenue streams? These are the questions that separate those who are merely working hard from those who are creating lasting wealth.
When I started at the Gold Souk, I could have simply focused on being the hardest working person in the shop. Instead, I used that experience to learn about business operations, customer service, and financial management. I then applied these lessons to build multiple businesses, creating sustainable systems rather than just trading time for money.
The most successful entrepreneurs I’ve encountered are indeed hardworking, but they combine this with strategic thinking, market awareness, and the ability to build scalable systems. They outwork their competition while simultaneously working smart – creating businesses that can grow beyond their personal time investment.
Tell us in what ways are free zones adapting to the needs of today’s entrepreneurs, and what innovations are you bringing to these spaces?
The evolution of free zones in the UAE represents one of the most dynamic shifts in our business ecosystem. Today’s entrepreneurs demand more than just a business license—they need a comprehensive support system that enables their success, and free zones are rapidly adapting to meet these changing needs.
The primary transformation we’re seeing is the shift from traditional licensing centers to integrated business enablement hubs. Free zones are now focusing on making the entire process simpler, faster, and more cost-effective for entrepreneurs. This includes digitising operations, streamlining procedures, and reducing documentation requirements. What used to take weeks can now often be accomplished in days or even hours.
However, real innovation lies in how we’re reimagining the role of free zones in the entrepreneurial journey. Instead of being mere service providers, we’re transitioning these spaces into comprehensive market platforms. This means creating entire ecosystems where entrepreneurs can not only establish their businesses but also find partners, connect with customers, and access various support services.
Through my involvement with various free zones, I’ve focused on introducing innovations that address real entrepreneurial pain points. This includes developing new partnerships that provide value-added services.
You’ve mentioned a goal to empower over 100 million entrepreneurs globally. What drives this ambitious vision?
I believe empowering entrepreneurs is one of the most effective ways to build a better world. While individual inventions can certainly make an impact, entrepreneurs create lasting change by building sustainable businesses that serve society’s needs. They’re not just creating wealth, they’re solving problems, generating employment, and driving innovation across all sectors.
The goal of 100 million entrepreneurs might sound ambitious, but consider the ripple effect. If each entrepreneur creates even just a few jobs and serves a few hundred customers, we’re talking about improving millions of lives. These entrepreneurs will build businesses that not only serve today’s needs but anticipate and solve tomorrow’s challenges.
What really drives me is the long-term impact. When we empower entrepreneurs, we’re not just helping individuals succeed—we’re creating a chain reaction of positive change that will benefit future generations. These entrepreneurs will create the jobs of tomorrow, develop solutions for emerging challenges, and build the foundations for continued economic growth.
This is particularly relevant in the UAE, where we’re transitioning from attracting global wealth to nurturing homegrown innovation. By empowering entrepreneurs here and globally, we’re helping create a more dynamic, resilient, and prosperous world for future generations. It’s about building a legacy of sustainable growth and innovation that extends far beyond our own time.
Financial
MidChains and Standard Chartered establish strategic banking partnership
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, 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.
Financial
Ukrainian Business Council elects new Board to advance Ukraine–UAE trade and investment
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.
Financial
UAE primed to convert FDI inflows into economic velocity, says new report
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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