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1/13/25, 8:41 AM ECI And Al Maryah Community Bank Sign MoU To Elevate ‘Xport Xponential’ Initiative And Drive Economic Growth – UAE Tod…

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MoU To Elevate ‘Xport Xponential’ Initiative

And Drive Economic Growth Recent Posts

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Etihad Credit Insurance (ECI), the UAE’s Federal Export Credit Company, signed a Memorandum of
UAE GDP Growth To Remain Strong In 2025-
Understanding (MoU) with Al Maryah Community Bank, the country’s first local digital bank licensed by 2027, Supported By Buoyant Non-Hydrocarbon
the Central Bank of the UAE (CBUAE). The agreement positions the bank as a key partner of ECI’s Activity, Business-Friendly Regulations, Low
‘Xport Xponential,’ an initiative designed to enhance the potential of UAE manufacturers and exporters, Corporate Tax Regime: S&P Global Rating
strengthen the national economy, and diversify the country’s resources.
ECI And Al Maryah Community Bank Sign MoU
H.E. Raja Al Mazrouei, CEO of ECI, said, “Our partnership with Al Maryah Community Bank marks a To Elevate ‘Xport Xponential’ Initiative And Drive
critical milestone in supporting the Xport Xponential initiative, with regard to its role in driving the UAE’s Economic Growth
economic expansion and unveiling new growth avenues for UAE-based export and re-export
Mintiply Capital Partners With Fuel Venture
businesses, empowering them to seamlessly access international markets. We are pleased to have Al
Capital To Drive Startup Investments In The
Maryah Community Bank as part of this initiative and confident that our partnership will establish a
UAE
comprehensive framework to enhance financing options and broaden the customer base by offering
innovative financial solutions as well as credit facilities.” Kyocera Chairman’s Visit Strengthens Ties With
Ghobash Group
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, said, “We are proud to partner
with Etihad Credit Insurance through the ‘Xport Xponential’ initiative, facilitating the daily operations of
exporters and re-exporters and providing them with innovative, simple, fast, and fully digital financing
solutions. This step boosts the growth of UAE exports, supports their competitiveness, and creates new Read More
opportunities for exporters in key sectors within the country, in line with the UAE Vision 2031. Through
this partnership, we will facilitate these businesses’ entry into global markets with more confidence than
ever before. We promise to support manufacturers and exporters and provide them with the tools,
knowledge, and financing they need to succeed on an international level.”

The partnership will open up an additional financial source for the UAE’s export and re-export
companies, further expanding the range of available credit solutions. This will also facilitate better
access to markets within nations participating in the Comprehensive Economic Partnership
Agreements (CEPA) program. Moreover, the ‘Xport Xponential’ initiative leverages strategic
collaborations with regional partners from both public and private sectors to offer companies a
comprehensive suite of facilities and resources like innovative credit and financing solutions, strategic
consulting, guidance from export experts, and risk management strategies, as well as access to a
database of over 400 million global companies.

As a part of the agreement, Al Maryah Community Bank now joins the Xport Xponential’s partner list
which includes several notable federal and local entities, including the Abu Dhabi Department of
Economic Development (ADDED), Khalifa Fund for Enterprise Development (KFED), Department of Advertising Information
Economy and Tourism in Dubai, Dubai Airport Freezone (DAFZ), Sharjah Chamber of Commerce and
Industry (SCCI), Ajman Economic Development Department, Ras Al Khaimah Economic Zones
(RAKEZ), and Fujairah Department of Industry and Economy (IEDFUJ). The list also includes financial
institutions such as the 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), International Development Bank (IDB), and
Wio Bank PJSC.

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