Page 43 - ECI PR REPORT - SEPTEMBER 2025
P. 43

The scope of this partnership encompasses trade credit insurance, both conventional and

               Murabaha. This includes export credit risk insurance to protect UAE exporters against commercial
               and non-commercial risks. The agreement also extends to short-term, medium-term, and long-
               term credit risk insurance, insurance against individual buyer risk, along with supply risk, export

               and SME financing, confirmation of letters of credit (LoC), and broader corporate finance solutions.


               Raja Al Mazrouei, CEO of Etihad Credit Insurance (ECI), said, “This agreement with the Arab Bank

               for Investment and Foreign Trade, reflects our ongoing commitment to fostering bilateral
               cooperation. This partnership underscores our focus on sustainable economic development and is

               strategically aligned with our efforts to strengthen the UAE’s export ecosystem, increase global
               market access for UAE-manufactured products and goods, and reinforce the nation’s position as a

               key hub for international trade and investment.”


               She highlighted that the joining of Arab Bank for Investment and Foreign Trade in ECI’s growing
               network of partners represents a valuable addition to its portfolio. And further emphasised ECI’s

               unwavering commitment to delivering integrated credit and financing solutions that empower UAE-
               based businesses and facilitate entry for their products into more regional and international

               markets, especially in countries where Comprehensive Economic Partnership Agreements (CEPAs)
               have been established through strategic alliances.


               Fuad Mohamed, CEO of Arab Bank for Investment and Foreign Trade (Al Masraf), said, “We are

               honoured to partner with ECI, led by a vision to strengthen key trade, investment and risk
               management solutions, which are crucial for UAE exporters and the wider business community.

               This strategic collaboration seamlessly aligns with Al Masraf’s long-standing vision to support the
               UAE’s economic growth, trade diversification and development of key sectors such as real estate.”


               The MoU also outlines plans for the joint organisation of seminars and workshops to raise

               awareness about the benefits of the solutions offered by both entities in safeguarding commercial

               activities against commercial and political non-payment risks. Moreover, the agreement includes
               joint participation in conferences, events, and other related activities.
               Provided by SyndiGate Media Inc. (Syndigate.info).



               https://www.msn.com/en-ae/news/other/eci-arab-bank-for-investment-and-foreign-trade-sign-
               mou-to-advance-bilateral-collaboration/ar-AA1LN5Qp?ocid=BingNewsSerp
   38   39   40   41   42   43   44   45   46   47   48