Page 98 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/17/24, 10:57 AM Economy Middle East on LinkedIn: #uae #insurance #abudhabi #credit #banking #finance
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Economy Middle East
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Etihad Credit Insurance (ECI), the UAE’s federal export credit company, recorded an 8% annual increase in its credit
coverage within the emirate of Abu Dhabi, reaching a total of AED1.4 billion ($381.2 million) in the first eight months
of 2024.

Raja Al Mazrouei, the CEO of ECI, underscored the vital role of public-private partnerships in driving the growth of
foreign trade, exports, and re-exports from Abu Dhabi. The growth is also driven by strategic initiatives of the UAE to
boost the national economy’s sustainability and diversification, in line with the leadership’s vision.

“Despite the challenges in some global markets, the foreign trade of the emirate of Abu Dhabi has succeeded in
continuing the growth, leveraging the momentum in the country’s non-oil foreign trade of both goods and services.
As a result, in 2023, the Abu Dhabi foreign trade sector achieved an exemplary valuation of AED3.5 trillion.” Said Omar
Ahmed Suwaina Alsuwaidi, Undersecretary of the Ministry of Industry and Advanced Technology and the ECI’s board
member.

Read more: https://lnkd.in/gDTkBAnm

#UAE #Insurance #AbuDhabi #Credit #Banking #Finance

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