October 27, 2021

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Etihad Credit Insurance supports UAE firms with USD845M in credit assurances

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(MENAFN) Etihad Credit Insurance, the UAE’s federal export credit agency, released 5,235 revolving credit assurances esteemed at USD845 million in the January- August period of 2021, equal to USD2,531 billion of non-oil business, as it seeks to enhance the challenges of domestic firms in worldwide markets.

On Sunday, Sep. 26 the government agency stated, the endorsement given from the eight months period went over the USD1,361 billion in trade financial support that ECI gave in the whole year of 2020.

Dr Thani Al Zeyoudi, Minister of State for Foreign Trade and deputy chairman of ECI’s board of directors mentioned, “All of these result in accelerating and sustaining the UAE’s economic diversification.”

“The UAE puts utmost priority on supporting the growth of local businesses, which positively impacts the growth of economy and employment. ECI continues to play a crucial role in this regard.”

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