Etihad Credit Insurance

Etihad Credit Insurance (abbreviated as ECI) is the official export credit agency (ECA) of the UAE government.[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]

Etihad Credit Insurance
Agency overview
Formed2018 (2018)
HeadquartersEtihad Towers, Abu Dhabi
Agency executive
Websiteeci.gov.ae/about-eci

Founded in February 2018, the ECI is a public joint stock company wholly owned by the UAE Federal Government, Abu Dhabi Government, Government of Dubai, Government of the Ajman, Government of Ras Al Khaimah, and the Government of Fujairah.[3] In 2021, ECI was voted as a permanent member of the Berne Union.[4]

Offices

THE ECI's main office is in the UAE capital of Abu Dhabi, and operates a second office in Dubai. [5] ECI also has plans to open risk offices internationally, with a focus on markets for halal products. [6]

Agreements

According to the ECI's annual report, the company extended non-oil support of $3.1 billion, to 92 counties in 2021, covering 18 sectors. [7] Top destinations for UAE exports included Saudi Arabia, Iraq, India, Oman, Kuwait, and Jordan.

Non-Oil Industry Support

The ECI's main objective is supporting the diversification of the UAE's economy by supporting non-oil export and imports, and major industries supported in 2020 included the chemical industry, steel, construction, cables, food, packaging, electronics, healthcare and printing [8]

See also

References
  1. Nair, Deepthi (April 3, 2022). "Etihad Credit Insurance support to UAE exporters surges 128% as non-oil trade rises". The National. Retrieved May 17, 2022.
  2. Etihad Credit Insurance. "About ECI". About ECI.
  3. "Etihad Credit Insurance". Etihad Credit Insurance (ECI). devex News. 2016. Retrieved May 17, 2022.
  4. Olano, Gabriel (October 15, 2021). "Etihad Credit Insurance voted as permanent member of Berne Union". Insurance Business Asia. Retrieved May 17, 2022.
  5. "About Us". ECI About Us. ECI. Retrieved May 17, 2022.
  6. Wragg, Eleanor (October 7, 2019). "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. Retrieved May 17, 2022.
  7. Nair, Deepthi (April 3, 2022). "Etihad Credit Insurance support to UAE exporters surges 128% as non-oil trade rises". The National. Retrieved May 17, 2022.
  8. Wragg, Eleanor (October 7, 2019). "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. Retrieved May 17, 2022.


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