Media ININ Economy We Trust
Media In Dubai, 5 December 2018,
The Union of Export Credit, the federal government’s national export credit agency, has signed a memorandum of understanding with French bank Natixis, the second largest banking group in France, to enhance the ability of UAE exporters to compete internationally and help companies expand their business. Supporting the UAE’s non-oil economic diversification strategy.
Cooperation between the two sides includes supporting companies in the UAE and raising awareness of the importance of reducing commercial and political risks by holding a series of seminars and specialized workshops as well as mutual cooperation in terms of export financing solutions and exchange of important information on the markets between the two parties.
The partnership will strengthen the UAE’s strategy to reduce dependence on the oil sector as a source of economic activity and to focus more on business growth as a driver of sustainable growth.
Eng. Saed Mohammed Al Awadhi, Executive Director of Dubai Export Development Corporation (EDC) Board Member and Chairman of the Executive Committee of the Federation of Export Credit said that the company is continuing to accelerate and sustain national economic diversification and support the export and re-export of goods, business, services and foreign investments to UAE companies by providing a range of insurance products Exports, finance and investment.
Noting that the partnership with Natixis will pave the way for UAE companies to move forward in line with the vision of the UAE Vision 2021 as well as support the growth of the economy of the country as a whole and exporters in particular.
