Page 78 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024

6/4/24, 4:01 PM Etihad Credit Insurance achieves gross exposure of Dh9.6 billion in 5 years | Banking – Gulf News
the company's partnership with the Ministry of Industry and Advanced Technology

(MoIAT).

It further highlighted ECI's projects that aim to support economic development and

improve the quality of life, including a $500 million credit insurance commitment to
boost Africa's clean energy transition as part of the UAE's $4.5 billion Africa Green

Investment initiative, announced during the September 2023 Africa Climate Summit.

It added that the company supported clients in managing late payments worth Dh415

million, of which Dh353 million, or 83 per cent, were successfully recovered. ECI-

backed trade finance lending crossed Dh1 billion in the first year of a partnership with

DP World Trade Finance.

The report also outlined ECI's plans to leverage the UAE's Comprehensive Economic

Partnership Agreements (CEPAs) to enhance trade further and strengthen commercial

relations. These efforts will be supported by ECI's expanding information database,
which grants access to over 300 million corporates globally, empowering UAE-based

exporters with valuable insights and intelligence.

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