Business

Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has announced the inclusion of Reem Finance, a key player in the UAE’s financial services sector, as a strategic partner in its Xport Xponential program. This collaboration, formalized through a Memorandum of Understanding (MoU), aims to provide UAE businesses with enhanced financial tools to support their international trade ambitions and foster sustainable economic growth.

The MoU was signed by H.E. Raja Al Mazrouei, CEO of ECI, and Seraj Tariq Faidi, CEO of Reem Finance, signaling a shared commitment to bolstering UAE-based companies’ export, re-export, and trade operations. This partnership aligns with ECI's mission to promote economic diversification, resilience, and sustainability across the UAE.

Empowering UAE Companies in Global Trade

H.E. Al Mazrouei emphasized ECI’s dedication to expanding its strategic partnerships under the Xport Xponential initiative. “Through this partnership with Reem Finance, we aim to empower UAE businesses with advanced credit solutions, enabling them to access new regional and international markets. This initiative supports the UAE’s goal of increasing non-oil exports to AED 800 billion by the next decade, as part of the ‘We the UAE 2031’ vision,” said Al Mazrouei.

Reem Finance CEO, Seraj Tariq Faidi, expressed pride in joining the initiative. “This partnership enhances our ability to provide innovative financing solutions that strengthen the competitive edge of UAE businesses in global markets. Together with ECI, we are committed to accelerating exports and driving economic growth,” said Faidi.

Expanding the Xport Xponential Network

With Reem Finance now on board, participating companies gain easier access to financial resources and a robust support network. This enables them to explore new markets with confidence, backed by prominent financial institutions.

The Xport Xponential initiative boasts a diverse partner network that includes federal and local entities such as the Abu Dhabi Department of Economic Development, Khalifa Fund for Enterprise Development, Department of Economy and Tourism in Dubai, and Sharjah Chamber of Commerce and Industry. Its financial partners include Emirates Development Bank (EDB), Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), and others.

This growing network underscores ECI’s commitment to building a comprehensive framework of credit solutions and fostering partnerships that drive economic diversification and support UAE businesses in their global ambitions.

• Tags
• #Business
• #Magazine
• #Lifestyle