SMEs in UAE receive more than AED 420 million trade credit

الاتحاد لائتمان الصادرات تؤمّن معاملات تجارية لشركات صغيرة ومتوسطة

 support in first 11 months of 2020 from Etihad Credit Insurance, translating into AED 1 billion secured turnover  Guarantees issued by ECI helped protect liquidity of SMEs and reduce their cost of funds amidst this challenging economic cycle These facilities allow SMEs to request their preferred bank to discount invoices at preferential rate ECI is the first government export credit company in Middle East and Africa to offer UAE SMEs an online trade credit solution to secure trade and export to more than 50 countries Etihad Credit Insurance (ECI), the…

Abu Dhabi rises to 12th globally in 2019 ‘Doing Business’ rankings

H.E. Al Hajeri: “This unprecedented achievement reflects the emirate’s ever-growing competitiveness regionally and internationally.” Abu Dhabi, April 30, 2019 Abu Dhabi has jumped 23 places on the global ranking for doing business and is now ranked 12th worldwide according to the World Bank’s 2019 ‘Doing Business’ Report. This remarkable rise is an unprecedented achievement for the emirate and represents a major improvement compared to the 2016 rankings. In its 4th edition of the ‘Doing Business’ Report, the World Bank evaluated economies based on a criterion of 6 performance indicators, namely:…