Etihad Credit Insurance
| الاتحاد لائتمان الصادرات | |
 | |
| Agency overview | |
|---|---|
| Formed | 1 February 2018 |
| Headquarters | Etihad Towers, Abu Dhabi |
| Agency executives |
|
| Website | eci.gov.ae |
Etihad Credit Insurance (ECI) (Arabic: الاتحاد لائتمان الصادرات) 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]
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.[3] In 2021, ECI was voted as a permanent member of the Berne Union.[4]
Offices
[edit]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 Islamic banking products. [6]
Agreements
[edit]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
[edit]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
[edit]References
[edit]- ^ Nair, Deepthi (3 April 2022). "Etihad Credit Insurance support to UAE exporters surges 128% as non-oil trade rises". The National. Retrieved 17 May 2022.
- ^ Etihad Credit Insurance. "About ECI". About ECI.
- ^ "Etihad Credit Insurance". Etihad Credit Insurance (ECI). devex News. 2016. Retrieved 17 May 2022.
- ^ Olano, Gabriel (15 October 2021). "Etihad Credit Insurance voted as permanent member of Berne Union". Insurance Business Asia. Retrieved 17 May 2022.
- ^ "About Us". ECI About Us. ECI. Retrieved 17 May 2022.
- ^ Wragg, Eleanor (7 October 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 17 May 2022.
- ^ Nair, Deepthi (3 April 2022). "Etihad Credit Insurance support to UAE exporters surges 128% as non-oil trade rises". The National. Retrieved 17 May 2022.
- ^ Wragg, Eleanor (7 October 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 17 May 2022.