Page 248 - MOE ENGLISH PR REPORT - JUNE 2024

the scope of their mutual business and investments. We will work side by side

with our partners in the UAE to guarantee the success of this agreement and

maximise its benefits."

Raja Al Mazrouei, CEO of Etihad Credit Insurance, said, "This agreement aligns

with ECI's steadfast commitment to broadening its global network of

partnerships with strategic markets, offering innovative credit solutions,

streamlining export operations, reducing risks, and fostering confidence in

exports, re-exports, and foreign trade channels."

The Agreement demonstrates Etihad Credit Insurance's steadfast dedication to

enhancing cooperation with export credit agencies. Over the past few years,

Etihad Credit Insurance has successfully formed around 21 cooperation

agreements with government export credit agencies across the globe. This

move further helps to broaden the ECI's network of collaborations, which is a

crucial component of the recently introduced strategic initiative 'Xport

Xponential'. This initiative aims to support the growth of UAE exports and

increase the diversity of the national economy while also promoting its

sustainability.

EGAP is a specialised state-owned credit insurance company that focuses on

the insurance of non-marketable commercial risks associated with exports of

goods and services from the Czech Republic.

The company's primary focus lies in providing bank loans with a maturity of

more than two years in order to finance the export of energy, machinery,

technological systems, investment projects and transport constructions.

(ANI/WAM)

https://www.latestly.com/agency-news/world-news-uae-enjoys-growing-and-developing-
economic-relations-with-czech-republic-minister-of-economy-6061281.html#google_vignette