Etihad Credit Insurance inks agreement with Greece’s Export Credit Insurance Organisation

Etihad Credit Insurance inks agreement with Greece’s Export Credit Insurance Organisation

DUBA- Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with Greece’s Export Credit Insurance Organisation (ECIO), to enhance the bilateral trade and economic cooperation between the UAE and Greece. The two state export credit agencies will support local businesses of both countries operating in agriculture, construction, steel and aluminium, ceramics, renewable energy, mechanical, and waste management with trade finance tools to help them grow internationally. The partnership will also boost the growth of small and medium-sized enterprises (SMEs) and mid-caps and enhance halal trade through the promotion and utilisation of Sharia-compliant finance solutions. This agreement follows the recent UAE-Greece high-level diplomatic meetings between H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, with Nikos Dendias, Foreign Minister of Greece in Washington DC; and Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, with Kyriakos Mitsotakis, Greek Prime Minister in Athens. These discussions reviewed the prospects of strengthening the strategic partnership ties between the two nations and deliberated many regional and international issues of interest, including the latest developments in the eastern Mediterranean and the importance of strengthening peace and stability in the region. Under