Media ININ Economy We Trust
Media IN DUBAI, 23rd June, 2019 WAM)
The UAE Federal Credit Insurance Company, Etihad Credit Insurance (ECI), has signed a Memorandum of Understanding, MoU, with the Jordan Loan Guarantee Corporation (JLGC) to explore, develop and strengthen the trade relationship between the UAE and Jordan on the basis of equality, mutual benefit, respect and trust.
Under the MoU, both institutions will collaborate on defined workstreams that include cooperation in insurance, reinsurance, and collections; sharing of commercial information and credit opinion on businesses located in the UAE and Jordan; conducting technical workshops; development of Halal industry and Shariah-compliant insurance and financial solutions; participation in trade shows; and enhancing investments and SME programmes.
This partnership will enable enhance trade and business activities through the exchange of information and exploring business practices and conducting training programmes in areas of shared interest.
According to the statistics provided by the UAE Ministry of Economy, the total non-oil export trade volume between the UAE and Jordan has increased to USD741.0 million in 2018, from USD610.1 million in 2017.
