Media ININ Economy We Trust
Abu Dhabi 23-10-2019
Etihad Export Credit Company (EEC) has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Global Market to enhance the effectiveness and sustainability of the financial system and create an enabling environment for UAE companies to enhance their global competitiveness.
The MoU will enable the two institutions to support the development of many opportunities for investment banks and their local corporate clients by offering export credit protection solutions, tailored trade finance services, project finance, international guarantees and commercial loan securities.
The partnership will also support the growth of UAE companies by offering a range of Shariah-compliant commercial credit protection solutions, in addition to the extensive local and regional expertise of the Abu Dhabi Global Market as well as the financial tools and services it provides.
The MoU was witnessed by HE Ahmed Ali Al Sayegh, Minister of State and Chairman of the Abu Dhabi Global Market. In the presence of a number of senior officials from both sides.
The Memorandum of Understanding is an official platform for both institutions to work closely in key areas including global risk analysis, risk assessment reports and market knowledge, training programs on trade credit risk, joint support for local businesses in creating new business opportunities, joint collaboration in financial services and forums. And conferences.
Commenting on the strategic partnership, His Excellency Ahmed Ali Al Sayegh said that the recent partnerships held by the Abu Dhabi Global Market underline its leading position as a global financial center and its vital role in achieving financial stability and creating promising investment opportunities for local companies and entrepreneurs at the local and regional levels. In cooperation with Etihad Export Credit and access to its Shariah-compliant products and services, and by sharing knowledge, expertise, services and financial instruments, we hope to expand the existing Abu Dhabi Global Market Platform to support the expansion and growth plans of companies. Local.
Massimo Falcioni, Chief Executive Officer of Etihad Export Credit Company, said that this strategic alliance with Abu Dhabi Global Market represents a new achievement for Etihad Export Credit Company in its drive to support UAE companies in developing non-oil sector investments in the UAE, in line with the UAE Vision 2021. He noted the importance of sharing knowledge and resources, in-depth risk assessment reports provided by the Abu Dhabi Global Market, as well as Shari’ah compliant commercial credit protection solutions and advisory services provided by Etihad Export Credit. Stable mechanism is beneficial to local companies.
