Page 43 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

a global partner and attractive and influential economic centre by the next decade in
light of the goals of the ‘We the UAE 2031’vision.”

The agreement calls for robust cooperation across a broad spectrum of duties, such
as addressing risks related to sovereign and quasi-sovereign debtors, explore
innovative avenues in improving flexibility for private sector debtors, and offering
insurance facilities for export agreements that are in accordance with the official
guidelines of the Organisation for Economic Co-operation and Development (OECD)
Arrangement on Officially Supported Export Credits. Furthermore, this agreement
cultivates a strong foundation for bilateral cooperation in areas of common interest,
which is beneficial to both countries’ export and foreign trade industries.

David Havlicek, stated, “We are confident that this agreement will contribute to
advancing trade and investment between the two countries in the coming period.

Providing export credit solutions to Czech and UAE companies will undoubtedly
boost their confidence and security, encouraging them to expand the scope of their
mutual business and investments. We will work side by side with our partners in the
UAE to guarantee the success of this agreement and maximise its benefits.”

Raja Al Mazrouei, CEO of Etihad Credit Insurance, said, “This agreement aligns with
ECI’s steadfast commitment to broadening its global network of partnerships with
strategic markets, offering innovative credit solutions, streamlining export operations,
reducing risks, and fostering confidence in exports, re-exports, and foreign trade
channels.”

The Agreement demonstrates Etihad Credit Insurance’s steadfast dedication to
enhancing cooperation with export credit agencies. Over the past few years, Etihad
Credit Insurance has successfully formed around 21 cooperation agreements with
government export credit agencies across the globe. This move further helps to
broaden the ECI’s network of collaborations, which is a crucial component of the
recently introduced strategic initiative ‘Xport Xponential.’ This initiative aims to
support the growth of UAE exports and increase the diversity of the national
economy while also promoting its sustainability.

EGAP is a specialised state-owned credit insurance company that focuses on the
insurance of non-marketable commercial risks associated with exports of goods and
services from the Czech Republic. The company’s primary focus lies in providing
bank loans with a maturity of more than two years in order to finance the export of
energy, machinery, technological systems, investment projects and transport
constructions.

Meanwhile Etihad Credit Insurance (ECI), the UAE’s federal export credit company,
participated in TXF Global 2024 conference, organised by Exile Group in Athens,
Greece. During the conference, Raja Al Mazrouei, CEO of ECI, highlighted the
company’s dedication to aligning its strategies with both national and international
climate goals as well as reinforcing the role of Emirati women in local, regional, and
global trading, investment and business communities.

https://www.gulftoday.ae/business/2024/06/24/uae-enjoys-growing-economic--relations-with-
czech-republic