Etihad Credit Insurance records 26% increase in value of insured non-oil commercial exports

  • Date: 16-Mar-2023
  • Source: Emirates News Agency
  • Sector:Financial Services
  • Country:UAE
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Etihad Credit Insurance records 26% increase in value of insured non-oil commercial exports

DUBAI, 16th March, 2023 (WAM) -- Etihad Credit Insurance (ECI), the UAE Federal export credit company, recently held its first Board of Directors meeting in 2023, chaired by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board at the company’s headquarters in Dubai.

The meeting discussed broader alignment to the initiatives outlined under the “We in the UAE 2031” strategy, which focuses on further developing the UAE’s non-oil exports and offering solutions to address challenges related to trade credit, project financing, and SME development.

Abdullah bin Touq Al Marri said, “ECI has played an integral role in supporting the UAE’s economic development, thereby demonstrating the UAE’s capabilities as a global hub for businesses and trade. We take pride in our ability to offer innovative credit solutions and forging strategic partnerships that bolster UAE companies’ competitiveness on a global scale, thereby diversifying the country’s economic development and driving UAE non-oil exports."

“ECI supports key sectors that enable non-oil domestic projects and will continue to focus on strengthening sectors that are aligned with national priorities. We also will support projects that offer sustainable growth to realize the nation’s ambitious strategy and contribute to achieving the UAE’s vision as it ventures into