Al Marri chairs ECI’s 2nd Board of Directors meeting

Al Marri chairs ECI’s 2nd Board of Directors meeting

- At the meeting, the board had a strategic dialogue on ECI's strategy for 2022-2026, which aims to develop non-oil exports to the UAE and provide solutions to challenges related to trade credit insurance or project financing solutions with a focus on SMEs and improving their export opportunities

- As of May 2022, ECI enhanced the competitiveness of the UAE’s non-oil trade and export by issuing 7,307 revolving credit guarantees with a total guaranteed exposure of AED 4.8 billion, equivalent to AED 14.4 billion worth of short-term insured non-oil trade to over 111 countries

- Benefiting 15 growth sectors, these secured guarantees covered AED 6.7 billion in international trade, AED 7.6 billion in domestic trade, AED 1.2 billion in medium/long-term trade and AED 1.3 billion in political risk insurance

- The key destination countries for UAE’s exports and re-exports protected by ECI’s trade insurance coverage stretched across UAE, Kingdom of Saudi Arabia, Egypt, India, United Kingdom, Oman, Kuwait, United States, Italy, and Ghana

Dubai, UAE: Etihad Credit Insurance (ECI), the UAE Federal export credit company, held its second board of directors meeting in 2022, chaired by His Excellency Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of the Board of Directors