Page 298 - MOE ENGLISH PR REPORT - FEBRUARY 2024

3/4/24, 4:31 PM Fitch reaffirms ECI’s ratings at 'AA-' with stable outlook for 6th consecutive year | Emirates News Agency
institutions, global rating agencies, and business

communities in the UAE as a leading economic

destination."

He added, “This rating will strengthen the

creditworthiness of Etihad Credit Insurance, the

strength of its financial position, and its role in

enhancing the reputation and competitiveness of

national exports in foreign markets. This success

confirms our firm commitment to increasing economic

diversification in the country, supporting and

encouraging exporters to deal with foreign markets

confidently and securely, thereby enhancing the

achievement of the economic targets of 'We the UAE

2031' vision. This vision aims to enhance the country's

position as a global partner, an attractive and influential

economic hub, and to increase the non-oil national

exports of the country to AED 800 billion by the next

decade.”

ECI's strategic initiatives have significantly contributed

to the promotion of UAE non-oil exports, evidencing a

robust portfolio growth with a gross exposure of AED

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