The collaboration will enhance the UAE’s strategy to reduce its reliance on the oil sector as a source of economic activity over time.
Thursday 06, December 2018 BY KUDAKWASHE MUZORIWA
The UAE’s Etihad Credit Insurance (ECI) has signed a MoU with Natixis to strengthen UAE’s exporters’ capability to trade globally, assist businesses to expand internationally and support the UAE’s non-oil diversification strategy, according to local newswire, WAM.
In a statement, ECI stated that the areas of cooperation include support for UAE businesses by educating them on the commercial and political risk mitigation, mutual collaboration in export finance solutions as well as the exchange of market intelligence.
Saed Al Awadi, the Chairman of the Executive Committee at ECI, said that the association with Natixis will pave the way for UAE businesses to forge ahead in line with the UAE Vision 2021 agenda as well as fuel the growth of country’s economy, as a whole and export community, in particular.
The alliance will further sustain ECI’s to help UAE businesses export internationally by providing in-depth intelligence and export credit policies that will give them the confidence necessary to enter and operate in new markets.