Media ININ Economy We Trust
Media IN Dubai, 22nd May, 2019 WAM
Etihad Credit Insurance (ECI) has signed a reinsurance agreement with Dhaman an Arab Investment and Export Credit Guarantee Corporation, to support the growth and expansion of the UAE businesses.
This agreement will further enhance the inter-Arab trade and UAE exports globally, in line with the country’s non-oil diversification strategy and vision 2021.
The two sides will collaborate to enhance economic growth in the MENA region, through an exchange of research and knowledge by offering technical assistance to Arab Foreign Direct Investment, FDI, promotion agencies as well as cooperation with Arab and International organisations involved in investment promotion.
Under this partnership, ECI will support international business expansion plans of UAE-based firms by covering higher risk percentage.
This will strengthen and enable the businesses to explore wider opportunities thus broadening their regional and global footprint.
The agreement marks a solid review and follows up to the MoU signed between the two organisations in 2018.
This partnership takes a crucial step in outlining a more comprehensive framework shared between the two institutions that will leave a strong and lasting impact on the trading sector and export community in the Arab world.
