Companies that are not committed to localization and that violate “wage protection” and “pensions” enter “credit information” reports.

Al Etihad Credit Bureau announced the addition of non-banking financial information to its data system, through new strategic partnerships with the Ministry of Foreign Affairs, the Ministry of Human Resources and Emiratisation, and the Abu Dhabi Retirement Fund.
According to Al-Ittihad Credit Bureau, the new additions include: data on companies that fail to certify commercial import invoices and the resulting fines, late-payment administrative fines, non-compliance with nationalization, companies that have not paid their employees’ wages through the wage protection system, companies that are not committed to payments related to the General Authority for Pensions and Social Security, and fictitious companies, as well as evidence showing the amounts of companies’ arrears in paying their insurance obligations.

Financial parameters
In detail, Al Etihad Credit Information Company announced yesterday the addition of non-banking financial information to its data system, by concluding new strategic partnerships with government agencies.
The company stated that these partnerships will enrich the credit reports issued by it, providing a more comprehensive and reliable view of companies’ risk files, noting that this step comes to consolidate the company’s commitment to supporting informed decision-making, enhancing confidence, and supporting economic stability.
The new updates include the addition of data derived from partnerships with: the Ministry of Foreign Affairs, the Ministry of Human Resources and Emiratisation, and the Abu Dhabi Retirement Fund. These additions aim to provide deeper insights into the credit behavior of companies towards financial obligations from non-banking entities.

New data
Al-Ittihad Credit Bureau stated that the new data in the companies’ credit report covers important indicators, pointing out that for the Ministry of Foreign Affairs, and through a new integration aimed at enhancing insights related to trade data, it has included data on companies that fail to certify commercial import invoices and the resulting fines.
She added that, in partnership with the Ministry of Human Resources and Emiratisation, Al-Ittihad Credit Bureau has included new behavioral indicators that show late-payment administrative fines, non-compliance with Emiratisation, companies that have not paid the wages of their employees through the Wage Protection System, companies that are not committed to payments related to the General Pensions and Social Security Authority, and the company’s status if it is a fictitious company.
She confirmed that, in cooperation with the Abu Dhabi Retirement Fund, Al-Etihad Credit Bureau has integrated a data set showing the amounts of companies’ arrears in paying their insurance obligations.