Page 254 - MOE ENGLISH PR REPORT - JUNE 2024

6/28/24, 4:54 PM UAE enjoys growing and developing economic relations with Czech Republic: Minister of Economy - www.lokmattimes.com

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)

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