Jordan/Bloomberg

Economy

ECI partners with JLAC to strengthen trade relations

  • share this article

The partnership will enhance trade and business activities through the exchange of information and exploring business practises and conducting training programmes in areas of shared interest.

Monday 24, June 2019 BY KUDAKWASHE MUZORIWA

Etihad Credit Insurance (ECI) has partnered the Jordan Loan Guarantee Corporation (JLGC) to explore, develop and strengthen the trade relationship between the UAE and Jordan based on equality, mutual benefit as well as respect and trust.

The two institutions will collaborate on defined workstreams that include cooperation in insurance, reinsurance and collections as well as sharing of commercial information and credit opinion on businesses located in the UAE and Jordan.

Massimo Falcioni, the CEO of ECI, said, “We are certain that our collaboration with JLGC will help to increase UAE businesses and the SME’s access to funding in the region.”

Additionally, the duo agreed to conduct technical workshops, develop the Halal industry and Shari’ah-compliant insurance and financial solutions as well as participate in trade shows and enhancing investments and SME programmes.

According the UAE Ministry of Economy statistics, the total non-oil export trade volume between the UAE and Jordan has increased to $741.0 million in 2018 from $610.1 million in 2017.

TAGS : ECI, Jordan Loan Guarantee Corporation, insurance, reinsurance, Halal industry, Shari’ah-compliant insurance , SME programmes

print this article