Middle East Business: UAE, Italy’s export credit agencies review initiatives in strategic sectors – Gulf Digital News

Middle East Business: UAE, Italy’s export credit agencies review initiatives in strategic sectors – Gulf Digital News

Etihad Credit Insurance (ECI), the UAE Federal export credit company, and SACE, the Italian export credit company (CDP Group), recently met to discuss the progress of the action plan in supporting sustainable development projects, trade finance of SMEs as well as the Halal sector, in line with their respective national economic strategies.

 

The meeting follows the Memorandum of Understanding signed between ECI and SACE as part of the 6th UAE-Italy Joint Economic Committee event, held at the Ministry of Economic Development (MISE) in Rome in 2018, which laid down the framework to enhance business opportunities between the two countries.

 

Massimo Falcioni, CEO of ECI, with senior officials from the organisation received the Italian delegation, led by Rodolfo Errore, President of SACE, Michal Ron, Chief International Officer of SACE and President of Berne Union, and Maurizio d’Andria, SACE’s Head of Middle East and North Africa Region – International Network, at ECI’s branch office in Dubai.

 

During the meeting, the state export credit agencies (ECAs) reviewed the development of their collaboration in co-insurance and re-insurance opportunities in strategic sectors, bolstering sustainable development projects, and jointly utilising Islamic finance and sustainable finance in funding these projects. This meeting was held in line with both countries’ national