Standard Chartered Launches First Sustainable Escrow and Account Bank Solution in UAE
The newly introduced service links funds held in escrow or designated accounts directly to the bank's portfolio of eligible green and sustainable loans and projects, as outlined in its Green and Sustainable Product Framework. This allows businesses to reinforce their environmental commitments by aligning their financial flows with sustainability objectives.
Now available across the UAE — including within the Dubai International Financial Centre (DIFC) — and in the UK, the launch reflects a broader move by Standard Chartered to expand its sustainable transaction banking offerings in response to rising client demand for responsible finance tools.
Sandrine Jourdainne, Global Head of Deposits, Liquidity and Escrow Solutions at Standard Chartered, commented: 'The UAE has firmly positioned itself as a leader in sustainability, with a strong commitment to advancing the transition to a low-carbon economy. As one of the country's most established international banks, we are proud to support this vision by delivering solutions that help clients embed sustainability into their core financial activities.'
The solution underscores Standard Chartered's growing focus on impact-driven innovation, offering clients an opportunity to contribute to climate and environmental goals while maintaining robust financial operations.
News source: Emirates News Agency
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
3 hours ago
- Zawya
SRMG Academy, Asharq to host landmark communication workshop in partnership with APCO and Columbia University
Dubai, UAE - SMRG Academy and Asharq News TV Network announced today that they will host a high-powered strategic communication workshop in October 2025, led by the APCO Institute in partnership with Columbia University. This exclusive four-day program, designed for Arab media and communication professionals, will take place at Asharq TV's studios in the Dubai International Financial Centre (DIFC). Participants will gain invaluable insights into contemporary international newsroom operations and learn effective strategies for navigating the rapidly evolving media landscape. The comprehensive program will include a key session, led by SRMG Academy, will feature Dr. Nabeel Al-Khatib, General Manager of Asharq News, and Riad Hamade, Director of "Asharq with Bloomberg" business news, focusing on the dynamic challenges and opportunities in today's media environment. Alaa Shahin Salha, Managing Director of SRMG Academy, highlighted the significance of this collaboration: "Hosting this inaugural program with Columbia University and the APCO Institute marks a significant milestone in our commitment to advancing media excellence in the region." Mamoon Sbeih, President of APCO MENA, added: 'Our partnership with SRMG marks a new chapter in industry-academia collaboration, aimed at closing the skills gap for today's communication professionals. In an era defined by economic and geopolitical volatility, as well as the rapid rise of AI and emerging technologies, ongoing skill development is no longer optional - it's essential. Our collective subject matter experts are uniquely positioned to help participants navigate these complexities with confidence and clarity.' The workshop will feature specialized training programs developed by Columbia University and the APCO Institute, combining best-practice communication strategies with practical simulations and personalized coaching. This initiative aims to bridge critical skill gaps and empower media professionals across the Middle East and North Africa. For registrations: About the Saudi Research & Media Group Academy (SRMG Academy) The SRMG Academy is the training arm of the Saudi Research and Media Group (SRMG), the largest integrated media group in the Middle East. It is committed to identifying and nurturing media talent, enhancing journalistic skills, and providing high-quality professional training for media and communication professionals across the Middle East. Headquartered in Riyadh, it also has offices in London and Dubai. About Asharq News Asharq News is a leading Arabic-language television channel owned by SRMG, uniquely focusing on delivering regional and global news through an economic lens, notably through its partnership with Bloomberg News, the global provider of financial information and data. It aims to empower viewers with economically relevant insights, targeting business leaders and decision-makers across various platforms. It operates out of Riyadh and Dubai and has a global network of bureaus and correspondents. About the APCO Institute Established in 2022 and headquartered in Riyadh, Saudi Arabia, the APCO Institute provides comprehensive training and development programs designed to enhance the skills and competencies of professional communicators and individuals interested in the field. Many of the Institute's senior trainers are seasoned former journalists with extensive experience in training and advising clients on successful media engagement.
Hi Dubai
3 hours ago
- Hi Dubai
Building a Niche: Identifying and Capitalizing on Untapped Market Segments in Dubai
Dubai has entered a defining chapter in its economic journey. According to PwC Middle East's impact assessment, Expo 2020 contributed AED 122.6 billion in gross value added (GVA) to the UAE's economy and supported 905,200 job-years between 2013 and 2042. This momentum now fuels the Dubai Economic Agenda (D33), which aims to double the city's economy by 2033 and elevate its position among the world's top three urban economies through 100 transformative projects spanning trade, tech, green energy, and entrepreneurship. In a city known for mega-developments and global appeal, it may seem difficult for niche ideas to stand out. But with over 95% of Dubai's economy now non-oil and sectors like logistics, retail, and digital commerce on the rise, there's growing demand for specialized, targeted ventures. Innovation is thriving—DIFC alone welcomed 1,081 new firms in the first half of 2025, a 32% increase year-on-year, signaling Dubai's strong pull for future-focused businesses. So why go niche? Because it's a strategy that makes sense, especially now. Niche businesses face less competition, enjoy stronger customer loyalty, and often command higher margins by offering deeply specialized products or services. As outlined by Delemon Technology's 2025 forecast, businesses that solve narrow problems in depth are likely to outperform generic players in both brand trust and profitability. In this article, we explore how entrepreneurs can identify and capitalize on untapped niche segments in Dubai. High‑Potential Niche Segments in Dubai – 2025 A. E‑commerce Micro‑Niche Stores Dubai's e-commerce space continues to expand rapidly, and within it, niche online stores are finding serious traction. Sectors like luxury pet supplies, custom skincare, modest fashion, and specialty electronics are seeing consistent demand. These micro-niches benefit from strong brand loyalty, relatively low competition, and higher profit margins. The best part? You don't need to scale wide—just deep. Imagine an online store that caters exclusively to designer pet accessories or eco-friendly tech gadgets, in a city where disposable income is high and personalization matters, these types of focused businesses are gaining ground fast. B. Health‑Tech & Virtual Wellness There's a growing appetite for health services that are accessible, tech-driven, and personalized. Dubai's residents are increasingly turning to telemedicine platforms, wearable diagnostics, and AI-powered wellness coaching to manage their lifestyles. After the pandemic, trust in remote healthcare services soared—and it hasn't dipped since. From virtual fitness consultations to mental health apps tailored for Arabic-speaking users, opportunities abound for startups that can blend convenience with credible care. C. Agritech & Urban Farming Dubai is investing heavily in sustainable food production. With limited arable land and high import dependence, the demand for local, tech-supported farming solutions is rising. Think vertical farms, hydroponic systems, and resource-efficient crop management tools. Entrepreneurs who can offer ready-to-install farming kits for homes, supply smart irrigation tech, or create niche B2B supply chains for local produce are stepping into a sector that's not only lucrative but also future-proof. D. FinTech & Blockchain Micro‑Solutions Digital wallets, crypto payments, and embedded finance platforms are becoming a part of daily life in Dubai. The city's push toward a cashless economy, combined with strong regulatory support through innovation sandboxes, makes it easier than ever to build in this space. There's a sweet spot in developing niche fintech tools like remittance platforms for expat workers, smart contract tools for small businesses, or ethical investing apps designed for Muslim consumers. The room for specialization is wide open. E. Sustainable & Ethical Consumer Goods Consumers in Dubai are increasingly prioritizing sustainability, especially in beauty, fashion, and everyday products. Clean beauty, circular fashion, and low-waste packaging are no longer fringe—they're in demand. Whether you're building a brand around vegan skincare, biodegradable fashion accessories, or refillable home care products, there's a market that's willing to pay a premium for responsible choices. This is especially true among younger, urban, and environmentally conscious shoppers. F. Immersive & Experiential Tech (AR/VR) Dubai is leaning into immersive tech in tourism, real estate, education, and retail. Augmented and virtual reality experiences are no longer gimmicks—they're being used to solve real business problems and enhance customer engagement. Imagine creating AR walkthroughs for retail stores, VR property tours for overseas buyers, or gamified language learning tools. In a city that thrives on innovation and spectacle, immersive tech opens the door to creative, niche-first solutions. G. Smart Mobility & Logistics Tech Dubai has already begun trials for autonomous taxis and is pushing for a fully electric taxi fleet within the next few years. The logistics sector, too, is seeing a rapid transformation, with AI-powered freight management, last-mile delivery automation, and EV-based courier services gaining ground. There's a clear opportunity here for businesses that can support this shift, whether that means providing EV infrastructure, route optimization software, or specialized courier services for sectors like health, food, or luxury retail. Validating a Niche in Dubai Market Signals: Research That Reveals Real Demand Before you invest time in a niche, confirm there's genuine demand: Search trends : Use keyword tools (e.g., Google Trends, local keyword platforms) to track search volume for niche-related terms in the UAE. Are people searching for "halal skincare," "remote healthcare Dubai," or "urban vertical farming kits"? : Use keyword tools (e.g., Google Trends, local keyword platforms) to track search volume for niche-related terms in the UAE. Are people searching for "halal skincare," "remote healthcare Dubai," or "urban vertical farming kits"? Gap analysis : Survey existing offerings—both local and international—in sectors like wellness, e-commerce, or agritech. Identify unserved or underserved needs. : Survey existing offerings—both local and international—in sectors like wellness, e-commerce, or agritech. Identify unserved or underserved needs. Consumer interviews: Speak directly with potential users—expats, local families, small businesses. Ask about pain points, frustrations, and unmet needs. Together, these methods offer a data-backed view of where niche opportunities actually exist in Dubai, rather than where they only seem promising. Tools & Tactics: From Pilot to MVP Test your hypothesis leanly before fully launching: Keyword analysis platforms : Use tools like Ahrefs or SEMrush to check volumes, competition, and related long-tail keywords specific to Dubai or GCC regions. : Use tools like Ahrefs or SEMrush to check volumes, competition, and related long-tail keywords specific to Dubai or GCC regions. Pilot campaigns : Run small-scale ads or social media campaigns targeting your niche segment. Measure clicks, form submissions, or sign-ups as proxies for interest. : Run small-scale ads or social media campaigns targeting your niche segment. Measure clicks, form submissions, or sign-ups as proxies for interest. Lean MVPs: Launch minimal viable products or pre-launch landing pages. Track engagement, collect feedback, and iterate quickly before investing in full inventory or app development. These lean validation steps minimize risk and help you find product–market fit faster in a high-velocity market like Dubai. Regulatory Pathways: Navigate Business Setup with Clarity Choosing the right legal structure can shape your ability to operate and grow: Mainland vs. Free Zone Feature Mainland Free Zone Ownership Up to 100% foreign ownership 100% foreign ownership Market Scope Can operate across UAE and internationally Limited to free zone plus export; mainland access via NOC Licensing Speed Typically ~1 month setup Typically ~1–3 weeks; faster and smoother Office Requirements Minimum ~200 sq ft office to open bank account Flexi desks or virtual offices allowed Taxation Subject to 9% corporate tax on profits (>AED 375K) Exempt if earning qualifying income; 9% applies otherwise Audit Requirements Mandatory Varies by zone; many small zones exempt SMEs Cost & Capital AED 25K–40K setup; AED 150K–300K capital practical AED 10K–50K setup; AED 50K–1M capital (depends on zone) Free Zone models are ideal for digital-first, export-based, or international services ventures. are ideal for digital-first, export-based, or international services ventures. Mainland models allow unrestricted business within the UAE and are suited for ventures targeting local consumers or B2B clients. ➤ Since March 2025, Dubai's Executive Council Decision No. 11 of 2025 has enabled free zone companies to operate onshore via formal pathways—such as licensing a branch, obtaining temporary permits, or running a mainland branch—without relocating the core entity. This adds flexibility if you want both free zone benefits and mainland market access. Innovation Sandboxes Free zones like DIFC (with its FinTech Hive), Dubai Internet City, and Meydan are especially tailored for startups in fintech, health-tech, immersive tech, and innovation sectors. They offer regulatory clarity, mentorship, and connection to investors and labs, making them ideal for niche-first ventures seeking a fast, supported scale-up path. Positioning & Value Differentiation Unique Value Proposition: Speak With Precision To truly stand out in Dubai's bustling niche landscape, your unique value proposition should be razor-sharp. Clearly articulate: Who you serve (hyper-specific persona or demographic) you serve (hyper-specific persona or demographic) What pain point you address pain point you address How your solution is uniquely different from anything existing This isn't just about being niche—it's about being meaningful. A wellness brand focused on postpartum nutrition for expat mothers, a fintech app serving freelance creative professionals, or a fashion line inspired by Emirati art storytelling—all need crisp messaging that resonates deeply, not broadly. Brand Identity: Local Roots, Global Appeal Dubai thrives on the convergence of cultures. A strong brand reflects this by blending local authenticity with global relevance. Drawing inspiration from local motifs, calligraphy, colors, or storytelling traditions creates emotional resonance, especially when done authentically. At the same time, maintain international professionalism in visuals, tone, and packaging (English plus Arabic). By respecting cultural nuance—such as honoring UAE values, appropriate visual language, and long-term trust-building—you embed credibility from day one. Smart Partnerships: Build Culture and Credibility The right collaborations can accelerate positioning and brand elevation: Influencer Academies & Creator Networks Dubai's new travel creator academies and micro-influencer programs uphold high standards for digital storytelling. Partnering with certified creators—who understand local ethos while producing global-quality content—helps your niche brand reach engaged and trust-based audiences. Artisan & Cultural Collaborations Teaming up with local design hubs, galleries, or cultural incubators such as Dubai Design District or Tashkeel can lend authenticity and storytelling richness. Artisan-crafted packaging, limited-edition motifs grounded in Arab heritage, or collaboration videos built around creation stories—all add cultural depth. Industry Labs & Innovation Forums Whether embedded in a fintech sandbox, health-tech accelerator, or sustainability incubator, participation in innovation zones gives niche brands access to credibility infrastructure. It creates narrative hooks like 'powered by' or 'developed with' and promising access to mentorship, beta testers, and investor networks. Go‑to‑Market Tactics Digital‑First Launch Dubai's population is highly connected and digitally active, making digital-first strategies a no-brainer. To reach your niche effectively: SEO with long-tail and voice-search phrases : Instead of broad keywords, focus on specific phrases your ideal customer might use—like 'halal skincare for teens in Dubai' or 'home hydroponics starter kit.' This ensures your brand is discovered by people who are already searching for exactly what you offer. : Instead of broad keywords, focus on specific phrases your ideal customer might use—like 'halal skincare for teens in Dubai' or 'home hydroponics starter kit.' This ensures your brand is discovered by people who are already searching for exactly what you offer. Targeted social media campaigns : Platforms like Instagram, TikTok, and LinkedIn are essential for reaching segmented audiences. Tailor your ads based on interests, behaviors, and location. Focus on visuals and copy that speaks directly to your niche's values and problems. : Platforms like Instagram, TikTok, and LinkedIn are essential for reaching segmented audiences. Tailor your ads based on interests, behaviors, and location. Focus on visuals and copy that speaks directly to your niche's values and problems. Micro-influencer outreach: Collaborate with influencers who have smaller, more engaged communities. Their followers often trust them more than big celebrities, and their niche alignment can boost conversion and loyalty from the start. Blending Virtual and Physical Formats Dubai is a hybrid market where people value both online ease and offline experiences. To build presence and credibility: Pop-ups and demo kiosks : Setting up short-term activations in malls, co-working spaces, or lifestyle events helps introduce your product, collect feedback, and build buzz. It's especially effective for product trials or awareness-building before a full launch. : Setting up short-term activations in malls, co-working spaces, or lifestyle events helps introduce your product, collect feedback, and build buzz. It's especially effective for product trials or awareness-building before a full launch. Immersive events: Hosting workshops, VR demos, or sampling experiences tied to local culture or lifestyle trends adds a layer of emotional engagement. These formats are great for storytelling, press coverage, and user-generated content. Building Community and Loyalty Your niche grows stronger when it feels like a movement, not just a business. Niche forums and peer networks : Create dedicated online spaces—WhatsApp groups, Discord communities, or invite-only mailing lists—where early adopters can connect, share experiences, and give feedback. A strong sense of belonging builds brand champions. : Create dedicated online spaces—WhatsApp groups, Discord communities, or invite-only mailing lists—where early adopters can connect, share experiences, and give feedback. A strong sense of belonging builds brand champions. Loyalty programs with meaning: Instead of standard discounts, offer perks like early access to new products, exclusive content, or VIP experiences. People are more likely to stick around when they feel valued beyond a transaction. Omnichannel Synergy Consumers in Dubai expect a seamless journey across all touchpoints. To meet those expectations: Connect online and offline : Use tools like WhatsApp for customer service, make your website mobile-optimized, and sync offers across platforms. Whether someone visits your pop-up or finds you on social media, the experience should feel consistent. : Use tools like WhatsApp for customer service, make your website mobile-optimized, and sync offers across platforms. Whether someone visits your pop-up or finds you on social media, the experience should feel consistent. Unify your brand story: Ensure your digital ads, influencer content, product packaging, and physical experiences all tell the same story—one that's clear, authentic, and tailored to your niche. Risks & Mitigation 1. Regulatory Complexity & Licensing Costs Dubai offers multiple business structures—from mainland setups to free zones—but navigating the right path isn't always straightforward: Rules vary by emirate and sector. Certain businesses (e.g, fintech, food, healthcare) need extra regulatory approvals, NOCs, or specialist licensing. Setup costs can range widely: free zone incorporation may start at AED 10K–50K, while mainland setup often runs AED 25K–40K, plus capital requirements. Hidden compliance costs may arise from licensing renewals, audits, and industry-specific regulations. Missteps can result in delays or penalties. Mitigation Steps: Consult specialized business setup advisors early on to identify the ideal structure for your niche. Factor in licensing types, regulatory fees, and renewal timelines during your financial planning. Where applicable, explore regulatory sandbox programs or innovation zones—such as those in fintech—that allow for controlled testing environments and faster market entry without bypassing compliance. 2. Market Readiness: Culture, Price Sensitivity, Adoption Dubai is culturally diverse, affluent, but also discerning: Consumer behavior mixes premium expectations with growing price awareness—shoppers expect high quality, but are selective and research-focused. The population includes about 90% expatriates, each with different spending patterns and loyalty triggers. Western expats value convenience and brand consistency; others may prioritize value or remittance-friendly pricing. Cultural nuance matters—holiday observances, modest design preferences, and local values all impact product acceptance. Mitigation Steps: Conduct segmentation studies and interviews across target communities (Emirati, South Asian, Western expats). Pilot pricing models to test sensitivity: entry-level vs premium tiers, bundled vs subscription services. Localize not just marketing language but product design, imagery, tone, and timing (e.g., Ramadan collections, Emirati-themed packaging). Logistics, Supply Chain, and Capability Barriers The UAE's logistics sector is growing fast but faces key challenges: Customs rules can be complex and change frequently—mistakes in documentation can result in delays or costly fines. High-volume ports like Jebel Ali are efficient but often suffer congestion, which affects delivery timing and reliability. There's a shortage of skilled logistics technicians, and demand for tech integration, last-mile solutions, AI-fueled tracking, and fleet digitization is in early growth stages. Mitigation Steps: Work with experienced clearing agents or third-party logistics providers early on. Build buffer time into delivery projections and offer realistic fulfillment windows to customers. Prioritize automation—track shipments, digitize inventory, and consider AI-based logistics tools to reduce errors and improve reliability. 4. Geopolitical & Compliance Risks Dubai sits at a global crossroads—this brings both opportunity and exposure: Regional tensions (e.g., Israel-Iran conflict) may impact trade routes, transport corridors, or investor confidence, not in the short term, but via cautious contingency planning. Financial compliance frameworks (anti-money laundering, cybercrime laws, data privacy) are still evolving. Violations—even unintended—can result in fines or bans. Mitigation Steps: Develop basic business continuity and crisis plans—divert shipping, backup suppliers, or staff protocols. Monitor updates from UAE authorities on AML/CFT regulations, data protection, and licensing mandates. Partner with legal advisors experienced in Zone-based and mainland laws to stay compliant as rules update. By 2025, Dubai will have become more than a hub for large enterprises—it's a city that values focus and clarity. The environment supports those who build with intention, offering targeted solutions to real needs. If you can define a clear niche, solve a specific problem, and align with the city's values, there's space to grow. In Dubai, precision isn't just rewarded; it sets you apart. Let your niche be the beginning. The rest will follow. Also read: Surviving the Off-Season: How Seasonal Businesses in Dubai Can Stay Profitable Year-Round Seasonal businesses in Dubai face unique challenges during the summer slowdown—but with the right planning, operations, and marketing, the off-season can become a time of growth. This guide explores practical ways to maintain momentum, build customer loyalty, and future-proof your business. Why Store Design and Product Placement Are Key to Retail Success in Dubai Learn how smart store design and product placement can boost retail sales, customer engagement, and footfall for businesses in Dubai. How Local Business Collaborations Are Fueling Growth in Dubai Discover why brand collaboration in Dubai is the key to growth, engagement, and trust in today's competitive business market. Protect Your Ideas: Trademark Registration in Dubai Learn how to register a trademark in Dubai with this step-by-step 2025 guide. Understand eligibility, costs, legal benefits, and common mistakes to protect your brand effectively in the UAE.
Gulf Business
4 hours ago
- Gulf Business
Arada raises $450m in oversubscribed sukuk issuance
Image: Getty Images/ For illustrative purposes The RegS Sukuk, priced with a fixed coupon of 7.150 per cent, drew peak orders exceeding $2bn, excluding joint lead managers. The transaction priced 47.5 to 60 basis points tighter than initial guidance of 7.625 to 7.750 per cent, landing at a spread of 317 bps over US Treasuries. The paper is rated BB- by Fitch and B1 by Moody's and has been listed on both the London Stock Exchange and Nasdaq Dubai. Proceeds from the issuance will partly fund a tender offer of up to $100m for Arada's outstanding 2027 Sukuk, with the remainder earmarked for general corporate purposes. Arada sukuk attracts interest for investors in Europe, Middle East and Asia Prince Khaled bin Alwaleed bin Talal, executive VC of Arada, said the strong investor response was a vote of confidence in the company's performance and future prospects. 'Our latest successful return to the global markets reflects once again the trust being placed by regional and international investors in Arada's track record, robust financial position and growth prospects,' he said. The sukuk attracted broad investor interest across Europe, the Middle East and Asia, with participation from banks, private banks, asset managers, hedge funds and other institutional investors. Joint global coordinators for the transaction were Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq and Standard Chartered. Joint Lead Managers and Bookrunners included Arab Bank, Arqaam Capital, Bank ABC, RAK Bank, Sharjah Islamic Bank and Warba Bank. Arada, which launched operations in 2017, has delivered over 10,000 units to date and sold more than 17,000 homes valued at Dhs29bn. Its project pipeline spans the UAE and Australia, with a total value exceeding Dhs90bn. Read:
