Page 60 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024

6/4/24, 4:39 PM Etihad Credit Insurance launches ‘Xport Xponential’ initiative to boost national exports in foreign markets - Middle East News 247
exchange routes between the UAE and its partners, building on the trust and cooperation established by the
Comprehensive Economic Partnership Agreements (CEPA).”

Qualitative Partnerships with Strategic Dimensions

The ‘Xport Xponential’ initiative’s partner network spans various federal and local entities, including the
Department of Economy and Tourism in Dubai; Ajman Economic Development Department; Fujairah
Department of Industry and Economy; Khalifa Fund for Enterprise Development and Ras Al Khaimah

Economic Zones (RAKEZ). Additionally, the financial and banking partners of the initiative include the
Emirates Development Bank (EDB), Abu Dhabi Commercial Bank (ADCB), Dubai Commercial Bank (CBD),

Ajman Bank, Ras Al Khaimah Bank, and Fujairah National Bank (NBF). More institutions and companies
from both government and private sectors are expected to join the initiative’s partner list in the next phase.

Partnership Criteria

The Etihad Credit Insurance targets UAE-based companies with audited financial statements for at least

three years and an annual turnover ranging from AED 10 million to AED 250 million in the previous fiscal
year. Eligible businesses must have recently ventured into export activities from the UAE or have plans to do
so. To apply, visit: https://www.eci.gov.ae/en/xponential-program.

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