Zawya - Press Releases: The Board of Directors of "Etihad Credit Insurance" outlines a new phase for empowering Emirati exports globally in its first meeting with the new formation.

The Board of Directors of Etihad Credit Insurance held its first meeting in its new formation, chaired by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade and Chairman of the Board of Directors of the company, with the aim of drawing up a roadmap for the next phase of the company’s initiatives and strategies to enable export, re-export and foreign trade activities from the UAE.

The meeting reviewed a range of strategic files and identified the company’s main priorities as an engine for the growth of non-oil national exports, in line with the state’s objectives to enhance the diversification of its national economy’s tributaries, sustain its growth, and consolidate its position as a leading center on the global map of trade and investment.

His Excellency Dr. Thani bin Ahmed Al Zeyoudi said: “The first meeting of the Board of Directors in its new formation embodies the launch of a new phase in the company’s journey, and confirms the Board’s commitment to enhancing the role of Etihad Credit Export in supporting the UAE’s objectives in foreign trade, economic diversification and increasing non-oil exports. In this context, we are working according to a proactive vision to continue developing our corporate strategy, and enhancing the company’s position as a strategic partner to enable the UAE business community to confidently explore opportunities for expansion and growth in global markets, and benefit from the supportive environment for growth provided by the comprehensive economic partnership agreements that bring together the country and a group of its most prominent trading partners.”

His Excellency added: “Thanks to the forward-looking vision and sound guidance of our wise leadership, the UAE’s foreign trade continues to expand across new markets. Based on our national responsibilities and institutional mission, we will continue to expand the scope of our programs and initiatives that will enhance the readiness of companies operating in export, re-export and non-oil foreign trade to expand into global markets from the UAE, especially small and medium enterprises and entrepreneurial projects that form the backbone of the national economy, in support of the objectives of the ‘We Are the UAE Vision 2031’.”

During its first meeting with its new composition, the Board of Directors adopted the strategic directions for the next phase, which aim to enhance the role of Etihad Credit Insurance in enabling local companies to expand globally and maximize the benefits of the favorable environment offered by the Comprehensive Economic Partnership Agreements ( CEPA ) on the one hand, and Etihad Credit Insurance's network of partners, which includes leading banks, financial institutions, and credit agencies, on the other. The Board affirmed the company's commitment to continuing to develop an integrated system of financing and insurance solutions in cooperation with its partners locally and globally. It also reviewed the priorities for the next phase and the company's long-term strategies to strengthen its initiatives supporting companies and exporters, enabling them to seize opportunities in international markets while mitigating commercial and political risks.

The Council discussed mechanisms for enhancing cooperation with countries that have comprehensive economic partnership agreements with the UAE, highlighting the importance of leveraging the opportunities these agreements offer to boost UAE exports, expand market access, and strengthen trade and investment. The Council also reviewed the next phase of the company's product, service, and innovative solution development plans, aligning them with national priorities and keeping pace with international trade trends.

For her part, Her Excellency Raja Al Mazrouei, CEO of Etihad Credit Insurance , affirmed that the company will work to translate the strategic directions approved by the Board of Directors into practical initiatives and quality programs that achieve added value for Emirati exporters and investors, renewing Etihad Credit Insurance’s commitment to continue enabling local companies to compete confidently at the regional and global levels, and to contribute to supporting sustainable economic growth and enhancing the competitiveness of national exports, reflecting the company’s position as a trusted strategic partner in the UAE’s journey of sustainable economic development .

Her Excellency added: “We continue to work on developing innovative solutions in the areas of export credit insurance, trade finance, and risk management in line with the changing requirements of global trade. We are also working to consolidate and expand our cooperation with national banks and financial institutions and global export credit agencies to provide a more integrated and broader umbrella of financing solutions and insurance tools, in parallel with enhancing communication channels with exporters and small and medium enterprises to raise awareness of the services we provide, in addition to investing in innovation and digital transformation.”

Furthermore, the board discussed opportunities for establishing new partnerships with regional and international institutions to enhance the company's solutions portfolio. The board emphasized that these partnerships will support the development of innovative solutions, expand the range of services, and increase the added value the company offers to Emirati exporters and investors. The board also paid particular attention to developing the local market, discussing ways to enhance the readiness of Emirati companies, especially small and medium-sized enterprises (SMEs), to capitalize on business opportunities in global markets.

The Council also reviewed initiatives and programs that would encourage more companies to expand into foreign markets with confidence and facilitate their access to financing. It also discussed mechanisms that contribute to reducing risks associated with international trade, enhancing the competitiveness of Emirati exporters, and supporting the growth of national exports in line with the country’s objectives .

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