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5/27/24, 4:23 PM PRESSR: Etihad Credit Insurance records 21-fold growth in gross exposure by end of 2023 to reach AED 9.6bln in 5 years — Tra…
PRESSR: Etihad Credit
Insurance records 21-fold
growth in gross exposure
by end of 2023 to reach
AED 9.6bln in 5 years
May 22, 202416:49 GMT+4
Bin Touq: “Thanks to the directives of its wise leadership, the UAE
continues to consolidate its position as a leading hub for investment
and business. ECI’s positive results reflect the growing bonds of
cooperation between the country and its most prominent partners at
the regional and global levels.”
ECI covers 3.1 per cent of UAE’s non-oil exports of AED 441 billion
in 2023, compared to 1.9 per cent in the previous year.
ECI supports UAE exporters across 17 sectors in 110 countries,
amounting to a non-oil trade and investment of AED 14 billion.
Over two-thirds of beneficiaries of ECI comprise SMEs while large
corporations represent another 20.9 per cent.
The company effectively handled overdue payments, resulting in
the collection of AED 82 million.
https://www.tradingview.com/news/reuters.com,2024-05-22:newsml_ZawSqVrx:0-pressr-etihad-credit-insurance-records-21-fold-growth-in-gross-expo… 1/7
