emirates7 - Etihad Credit Insurance (ECI), the UAE’s federal export credit agency, has signed a Memorandum of Understanding (MoU) with the Arab Bank for Investment and Foreign Trade (Al Masraf).
The collaboration is aimed at strengthening cooperation in insurance and risk management services, particularly supporting the trade and real estate sectors. It also seeks to improve exporters’ access to finance, thereby advancing the UAE’s economic objectives.
The partnership covers trade credit insurance, including both conventional and Murabaha structures. It provides export credit risk protection for UAE exporters against commercial and non-commercial risks. The agreement also includes short-, medium-, and long-term credit risk coverage, insurance against individual buyer risks, supply risk protection, export and SME financing, confirmation of letters of credit (LoCs), and broader corporate finance solutions.
Raja Al Mazrouei, CEO of ECI, stated, “This agreement with Al Masraf reflects our commitment to fostering bilateral cooperation. It aligns with our focus on sustainable economic growth and strengthens the UAE’s export ecosystem, expanding global market access for locally manufactured products and reinforcing the nation’s role as a hub for international trade and investment.”
She added that Al Masraf’s inclusion in ECI’s growing network of partners enhances its portfolio and reaffirmed ECI’s dedication to providing integrated credit and financing solutions. These solutions aim to empower UAE businesses and facilitate entry of their products into regional and international markets, particularly in countries with Comprehensive Economic Partnership Agreements (CEPAs).
Fuad Mohamed, CEO of Al Masraf, commented, “We are proud to collaborate with ECI to advance trade, investment, and risk management solutions essential for UAE exporters and the wider business community. This partnership supports Al Masraf’s vision of fostering economic growth, trade diversification, and development of key sectors like real estate.”
The MoU also includes plans to jointly host seminars and workshops to promote awareness of the benefits offered by both organizations in mitigating commercial and political non-payment risks. Additionally, the agreement covers joint participation in conferences, events, and related activities.
The collaboration is aimed at strengthening cooperation in insurance and risk management services, particularly supporting the trade and real estate sectors. It also seeks to improve exporters’ access to finance, thereby advancing the UAE’s economic objectives.
The partnership covers trade credit insurance, including both conventional and Murabaha structures. It provides export credit risk protection for UAE exporters against commercial and non-commercial risks. The agreement also includes short-, medium-, and long-term credit risk coverage, insurance against individual buyer risks, supply risk protection, export and SME financing, confirmation of letters of credit (LoCs), and broader corporate finance solutions.
Raja Al Mazrouei, CEO of ECI, stated, “This agreement with Al Masraf reflects our commitment to fostering bilateral cooperation. It aligns with our focus on sustainable economic growth and strengthens the UAE’s export ecosystem, expanding global market access for locally manufactured products and reinforcing the nation’s role as a hub for international trade and investment.”
She added that Al Masraf’s inclusion in ECI’s growing network of partners enhances its portfolio and reaffirmed ECI’s dedication to providing integrated credit and financing solutions. These solutions aim to empower UAE businesses and facilitate entry of their products into regional and international markets, particularly in countries with Comprehensive Economic Partnership Agreements (CEPAs).
Fuad Mohamed, CEO of Al Masraf, commented, “We are proud to collaborate with ECI to advance trade, investment, and risk management solutions essential for UAE exporters and the wider business community. This partnership supports Al Masraf’s vision of fostering economic growth, trade diversification, and development of key sectors like real estate.”
The MoU also includes plans to jointly host seminars and workshops to promote awareness of the benefits offered by both organizations in mitigating commercial and political non-payment risks. Additionally, the agreement covers joint participation in conferences, events, and related activities.