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Trade Credit tag returned 118 results

  • UAE: Govt backed credit insurer offers Shariah-compliant solutions

    Etihad Credit Insurance (ECI), the federal export credit company set by the UAE, has launched Shariah-compliant export credit solutions to boost the country's halal export industry. The solutions are offered under the brand 'ECI Islamic'.

    Middle East | 25 Oct 2020
  • Saudi Arabia: Fundamentals and shareholders' support are behind ICIEC's Aa3 IFSR

    The main shareholders of The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), in particular Islamic Development Bank (IsDB) and Saudi Arabia, are very likely support the company in times of financial distress, given ICIEC's key role as facilitator of trade between many countries, notes Moody's Investors Service.

    Middle East | 22 Oct 2020
  • South Korea: Export credit insurer fails to recover over US$1bn losses

    South Korea's state-run trade insurance company has failed to recoup around KRW1.4tn ($1.2bn) in local exporters' losses arising from the latter's deals with foreign companies.

    Asia | 15 Oct 2020
  • UAE: ECI covers over US$1bn of non-oil trade in 1H2020

    Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued over 1,400 revolving credit guarantees covering AED4bn ($1.1bn) worth of non-oil exports from January to June 2020, thereby providing solid contribution to employment and the non-oil economy of the country.

    Middle East | 08 Oct 2020
  • Old hands team up for synergetic risk management solutions

    Euler Hermes Singapore and Western Union Business Solutions have come together to create a business trading solution in response to the increasingly challenging risk environment.

    Asia Risk | 07 Oct 2020
  • Saudi Arabia: ICIEC signs MoU with Spanish state export credit agency

    Jeddah headquartered Islamic Corporation for the Insurance and Investment of Export Credit (ICIEC) has signed a memorandum of understanding with Companía Espanola de Seguros de Credito a la Exportacion, Compania de Seguros y Reaseguros (CESCE).

    Middle East | 06 Oct 2020
  • Morocco: New credit insurance broker sets ambitious business goal

    A new entity specialising in credit insurance aims to capture a market share of around 40% in credit insurance broking business next year.

    Middle East | 17 Sep 2020
  • UAE: ECI boosts employees' trade credit insurance skills through Aman Union certification

    Etihad Credit Insurance (ECI), the UAE's federal export credit company, has enrolled several of its team members in Aman Union Certification Programmes, to help them attain the highest level of excellence in terms of core insurance skills and business strategies, under the guidance and training of leading finance and credit insurance practitioners as well as respected names in the academic and financial spheres.

    Middle East | 02 Sep 2020
  • Italy: EC approves EUR2bn scheme to support trade credit insurance

    Under EU state aid rules, the European Commission (EC) has approved a EUR2bn ($2.37bn) Italian scheme to support the trade credit insurance market in the context of the coronavirus outbreak. The scheme will be administered by SACE, the Italian Export Credit Agency.

    Asia | 21 Aug 2020
  • Saudi Arabia: ICIEC signs MOU with Austrian counterpart

    Jeddah-headquartered Islamic Corporation for the Insurance and Investment of Export Credit (ICIEC) and Austrian export credit agency Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) have signed a Memorandum of Understanding to promote projects and investments from Austrian businesses and investors into ICIEC member countries.

    Middle East | 12 Aug 2020