Page 19 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

Press release

Agreements (CEPAs) to boost trade between the nation and its various partners, bringing the

volume of foreign trade up to AED 4 trillion by the next decade.

The workshop also featured Haitham Al Khazaleh, Director of Risk Managment at Etihad Credit

Insurance, Majed Julfar, Director of TCI and Export Financing, and Mansoor Al Khaja, Director
of Finance and Admin. They addressed the attendees’ inquiries and responded to their

recommendations regarding the components of the initiative and the criteria for joining it.

Since its launch, the ‘Xport Xponential’ initiative has grown its partner network to include a broad
range of federal and local entities. These include the Abu Dhabi Department of Economic

Development (ADDED); the Department of Economy and Tourism in Dubai; Ajman Economic

Development Department; Fujairah Department of Industry and Economy (IEDFUJ); Khalifa Fund
for Enterprise Development (KFED); Ras Al Khaimah Economic Zones (RAKEZ); Dubai Airport

Freezone (DAFZ); and Sharjah Chamber of Commerce and Industry (SCCI).

The initiative also includes Emirates Development Bank (EDB); Abu Dhabi Commercial Bank

(ADCB); First Abu Dhabi Bank (FAB); Dubai Commercial Bank (CBD), Ajman Bank, the
National Bank of Ras Al Khaimah (RAKBANK), and Fujairah National Bank (NBF) among its

financial and banking partners. More institutions and businesses from both government and private
sectors will likely be added to the initiative's partner list in the subsequent phases.

In addition to introducing the advantages and innovative insurance plans that Etihad Credit
Insurance offers, the workshop highlighted the company's commitment to broadening the pool of

beneficiaries of the ‘Xport Xponential’ initiative. It also assisted in discovering common strategies
to improve the growth and sustainability of the domestic economy by boosting exports and non-oil

foreign trade.

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