ECI and Arab Bank for Investment and Foreign Trade sign MoU to boost trade and export financing

Business

ECI and Arab Bank for Investment and Foreign Trade sign MoU to boost trade and export financing

Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has signed a Memorandum of Understanding (MoU) with the Arab Bank for Investment and Foreign Trade (Al Masraf) to strengthen cooperation in trade credit insurance and risk management, supporting exporters and advancing the nation’s economic agenda.

The agreement covers a wide range of solutions, including conventional and Murabaha trade credit insurance, export credit risk insurance to safeguard exporters against commercial and non-commercial risks, and credit risk insurance across short-, medium-, and long-term horizons. It also extends to individual buyer risk insurance, supply risk protection, SME financing, confirmation of letters of credit, and broader corporate finance solutions.

Her Excellency Raja Al Mazrouei, CEO of ECI, said the partnership reflects ECI’s commitment to sustainable economic development and strengthening the UAE’s export ecosystem. She emphasized that the inclusion of Al Masraf in ECI’s partner network will help expand opportunities for UAE-based businesses, particularly in countries with Comprehensive Economic Partnership Agreements (CEPAs).

“This agreement underscores our focus on boosting market access for UAE-manufactured products and reinforcing the nation’s position as a global hub for trade and investment,” Al Mazrouei added.

Fuad Mohamed, CEO of Al Masraf, highlighted that the collaboration aligns with the bank’s vision of supporting UAE exporters and advancing trade diversification. “This partnership will provide access to innovative credit insurance and financing solutions that protect businesses, support global expansion, and enhance competitiveness,” he said.

The MoU also includes plans for joint awareness campaigns through seminars and workshops to highlight the benefits of credit and risk management solutions. Both entities will also collaborate in conferences, events, and related initiatives to promote trade resilience and growth.

Established under Federal Decree No. 50 of 1976, Al Masraf has maintained a strong presence in regional and local financial markets. The bank continues to provide innovative banking services that support national economic growth and strengthen the business community.