ECI, Al Masraf sign agreement to bolster exporters’ access to finance

Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with the Arab Bank for Investment and Foreign Trade (Al Masraf).

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This strategic agreement is designed to enhance collaboration across various domains related to insurance and risk management, in support of the trade and real estate sectors.

Moreover, it aims to bolster exporters’ access to finance, reinforcing the UAE’s economic agenda.

The scope of this partnership encompasses trade credit insurance, both conventional and Murabaha. This includes export credit risk insurance to protect UAE exporters against commercial and noncommercial risks.

The agreement also extends to short-term, medium-term, and long-term credit risk insurance, insurance against individual buyer risk, along with supply risk, export and SME financing, confirmation of letters of credit (LoC), and broader corporate finance solutions.