While attending the Berne Union’s Annual General Meeting in Hamburg, Germany, Etihad Credit Insurance (ECI) inked two Memorandums of Understanding with Credit Oman and Saudi EXIM Bank.
The MoUs aim to improve regional cooperation and collaboration in several risk management and insurance sectors. This includes trade credit insurance (both conventional and Murabaha), which offers UAE exporters protection against individual buyer risks and commercial and non-commercial hazards.
Additionally, supply concerns, export financing, debt sales, SME financing, letter of credit confirmation, and corporate finance are all covered by the collaboration.
According to her, these agreements show ECI’s dedication to strengthening partnerships and forming alliances with top regional credit institutions. This strengthens the UAE’s standing as a key hub for international trade and investment, promotes trust in the local export system, and helps bring Emirati-made goods to a wider range of foreign markets.
We are dedicated to fostering collaboration and partnerships with our counterparts in the GCC countries, particularly in trade credit insurance, export financing, and risk management,” Raja Al Mazroui continued. We aim to promote UAE-based export and re-export businesses by offering a secure and adaptable investment environment.
Also Read:
Am I Tech Enough Redefines You Are Tech Enough: Tan Ting (Grace) Tang