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9/17/24, 10:30 AM Etihad Credit Insurance Fuels Abu Dhabi's Economy With AED 1.4 Billion Coverage - OneArabia
Etihad Credit Insurance Achieves AED 1.4 Billion Boost For
Abu Dhabi Economy
By OneArabia
Published: Monday, September 16, 2024, 19:30 [GST] Etihad Credit Insurance (ECI), the UAE's federal export
credit company, saw an eight percent rise in its credit coverage in Abu Dhabi, totalling AED 1.4 billion in the first eight
months of 2024. The financial services sector led with 50.6 percent of this coverage, followed by food and beverages,
metals, paper manufacturing, packaging, and electronics and cables industries.
The UAE’s non-oil foreign trade achieved a record valuation of AED 1.4 trillion in the first half of 2024. Non-oil exports grew
by 25 percent, making up 18.4 percent of total foreign trade. The national foreign trade expanded at an annual growth rate
of 11.2 percent, surpassing the global average growth rate of 1.5 percent.
https://www.onearabia.me/business/etihad-credit-insurance-boosts-abu-dhabi-economy-011-67489.html 1/4
