Etihad Credit Insurance

Etihad Credit Insurance (ECI) is the official export credit agency of the United Arab Emirates.[1] The agency "aims to support the economic diversification by guaranteeing commercial and non-commercial risks associated with export and re-export of goods and services".[2]

The ECI's main objective is supporting the diversification of the UAE's economy by supporting non-oil export and imports. By 2020 major industries supported included the chemical industry, steel, construction, cables, food, packaging, electronics, healthcare and printing [3]

History

Founded in February 2018, the ECI is a public joint stock company wholly owned by the UAE federal government and the governments of the emirates of Abu Dhabi, Dubai, Ajman, Ras Al Khaimah, and Fujairah.[4]

In 2021, ECI was voted as a permanent member of the Berne Union.[5]

In 2021, according to the ECI's annual report, the company extended non-oil support of $3.1 billion, to 92 counties, covering 18 sectors.[6] Top destinations for UAE exports included Saudi Arabia, Iraq, India, Oman, Kuwait, and Jordan.

Offices

THE ECI's main office is in the UAE capital of Abu Dhabi, and operates a second office in Dubai. [7][8]

See also

References

  1. Deepthi Nair. Etihad Credit Insurance support to UAE exporters surges 128% as non-oil trade rises The National, 3 April 2022, retrieved 17 May 2022^
  2. Etihad Credit Insurance. About ECI About ECI^
  3. Eleanor Wragg. ECI: Building an export credit agency from the ground up in the UAE ECI: Building an export credit agency from the ground up in the UAE, Global Trade Review, 7 October 2019, retrieved 17 May 2022^
  4. Etihad Credit Insurance Etihad Credit Insurance (ECI), devex News, 2016, retrieved 17 May 2022^
  5. Gabriel Olano. Etihad Credit Insurance voted as permanent member of Berne Union Insurance Business Asia, 15 October 2021, retrieved 17 May 2022^
  6. Deepthi Nair. Etihad Credit Insurance support to UAE exporters surges 128% as non-oil trade rises The National, 3 April 2022, retrieved 17 May 2022^
  7. About Us ECI About Us, ECI, retrieved 17 May 2022^
  8. Eleanor Wragg. ECI: Building an export credit agency from the ground up in the UAE ECI: Building an export credit agency from the ground up in the UAE, Global Trade Review, 7 October 2019, retrieved 17 May 2022^