11 billion dirhams coverage "The Federation Export Credit" The end of 2024

Dubai, January 27/ WAM/ His Excellency Raja Al Mazrouei, CEO of Al Ittihad Export Credit Company said that the company provided credit coverage that exceeded 11 billion dirhams at the end of last year 2024, while the value of the Emirati exports covered by the company during the same period reached more than 16 billion dirhams. .
This came in a statement to the Emirates News Agency “WAM” on the sidelines of the event organized by the “Union for Export Credit”, the federal export credit company in the United Arab Emirates today at the Future Museum in Dubai, which included a training workshop for companies joining the strategic initiative “speeding exports XPONENTAL In the Future Museum, following the announcement of the list of companies joining the initiative.
Al -Mazrouei said on the sidelines of the event, that the company launched the “speeding up exports” initiative in partnership with 19 parties in the UAE, with the aim of enabling small and medium -sized companies to enter global markets and enhance its contribution to the economic growth of the state.
She pointed out that the announcement of this initiative was made during the conference “Make in the Emirates 2024”, and more than 50 requests from companies were received to participate in this program, and 14 companies were chosen today to go through the trade experience outside the country.
On the event that was organized today in Dubai, she made it clear that it is an information rich in information to support these companies by introducing the bodies that can help them reach global markets.
Al -Mazrouei indicated that there are 11 banks within this initiative, and nearly eight to nine sides from all over the UAE, who are all attending to support the participating companies and provide the resources they need to explore international markets.
She also drew attention to the role of Etihad Export Credit in securing the risks of foreign trade for companies, which gives it confidence to expand globally.
Al -Mazrouei said: “Six will measure the extent of growth achieved by the participating companies, which will be the criterion for success for us.”
She continued: We plan to support 10 to 20 new companies every year, with a focus on global markets that are compatible with the interests and opportunities of these companies.
Al Mazrouei reported that Al -Ittihad Credit Credit covers more than 110 countries around the world, but the focus in this initiative is on four main countries: India, Indonesia, Saudi Arabia, and Oman.
Al -Mazrouei attributed the choice of the four countries to the compatibility of the companies participating with the needs of these markets, noting that the company provides innovative solutions to determine the most appropriate markets to receive the exports of Emirati companies.
In her opening speech during the event, His Excellency Raja Al Mazrouei stressed that the “Expressing Exports” initiative aims to open new horizons for the growth of export, export and foreign trade from the UAE to global markets, and to enable manufacturers and exporters in the country to expand their presence in the markets.
Her Excellency explained that the good directions of the rational leadership, national development visions and strategies constitute a road map for the “Expressing Exports” initiative, noting that the goals of the initiative come in line with the economic targets of the “UAE 2031” vision to raise the gross domestic product to 3 trillion dirhams, and increase exports other than The oil to 800 billion dirhams, in parallel with the increase in the volume of foreign trade to 4 trillion dirhams by the next decade.
This was followed by a presentation by Dr. Lear Jarrar, the strategic advisor in government affairs and social impact, discussed the path of the growth of small and medium -sized companies in the UAE.
While Mahish Kumar, Vice President for Trade Finance to the Emirates Development Bank, gave a presentation on the importance of commercial exports credit and its role in reducing risk, reviewing a number of success stories in this regard.
The activities of the workshop and Haitham Al -Khazalla, Director of Public Solutions for the Middle East and Africa at the Swiss Reangement Ltd group, presented a summary of the importance of reinsurance and commercial exports credit in enabling companies to expand globally.
During a session on risk evaluation and management in global markets, Robert Basseling, founder and CEO of Pangea-Risk, spoke about risk trends and strategies to reduce their impact.
For his part, Andreas Classen, a strategic advisor and international business professor at Oxford HRA, spoke about the role of export credit, and export credit agencies in general, in advancing global trade growth by supporting exports and providing innovative financial solutions and risk reduction tools, as well as bridging financial gaps Promoting sustainability in global markets.
Shaima Al -Aidarous, Director of the negotiations and international organizations department at the Ministry of Economy, presented a presentation on the “CEPA Agreement Agreements” and its vital role in supporting exporters and importers in the UAE markets, and strengthening trade relations of the UAE with vital markets regionally and globally.
For its part, Thuraya Hamed Al -Hashemi, Director of the International Relations and Financial Organizations Department at the Ministry of Finance, shed light on the importance of bilateral international treaties.
During a session on the legal aspects of trade, Michael Morris, a partner at Clyde & Co, and Rebecca Jones, a first partner at Clyde & Co, touched on the legal challenges that cast a shadow of international trade.
In turn, Christopher Haning, director of trade assets distribution to DP World, presented a session entitled “Bed the Gaps in Commercial Finance in the style of DP World.”

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