ECI, Natixis sign deal to help UAE exporters

Wednesday 5 December 2018 14:46 CET | News

Etihad Credit Insurance, the UAE Federal export credit company, has signed a MoU with French bank Natixis to help UAE exporters in global trade.

The memorandum of understanding extends to UAE exporters getting assistance for their businesses to expand internationally and support for non-oil diversification strategy. Natixis is a subsidiary of Groupe BPCE - the second-largest banking group in France.

The areas of cooperation between ECI and Natixis include support for UAE businesses by educating them through a series of seminars and workshops on commercial and political risk mitigation, mutual collaboration in export finance solutions, and the exchange of market intelligence between the two parties, said a statement from the company.

The partnership will augment the UAE’s strategy to reduce its reliance on the oil sector as a source of economic activity over time, and to place a greater focus on developing more diversified growth and trade activity, it said.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ECI, Natixis, trade finance, trade support, UAE, United Arab Emirates, Federal export credit company, exporter, global trade, Memorandum of Understanding
Countries: World