RAK registers significant growth in exports to Arab countries
28 Dec 2020 The exports to Arab countries of the total certificates of origin of members of RAK Chamber have increased to 76%. The exports to the Arab countries of the total certificates of origin of the members of Ras Al Khaimah Chamber of Commerce and Industry has increased to 76 per cent by the end of 2019, compared to 52 per cent in 2016.
The previous year witnessed a significant growth in the certificates of origin with 20 per cent to reach 18,613 certificates of origin in 2019, with value of goods amounted to Dhs3 billion and Dhs40 million, as revealed in a study issued by the Department of Studies and Commercial Cooperation at the Ras Al Khaimah Chamber of Commerce and Industry.
UAE SMEs receive Dhs420m trade credit support during Jan-Nov 2020
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UAE SMEs receive Dhs420m trade credit support during Jan-Nov 2020
Etihad Credit Insurance insured the exports of the SMEs as well as their operations in the domestic market allowing them to stay competitive
by Zainab Mansoor
December 21, 2020
Small and medium enterprises (SMEs) in the UAE have received Dhs420m in trade credit support from January through to November, 2020.
The support came from Etihad Credit Insurance (ECI), the UAE’s Federal export credit entity. The trade credit support given to SMEs translates to Dhs1bn non-oil trade insured turnover.
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SMEs in UAE receive more than AED 420 million trade credit support in 2020 from Etihad Credit Insurance einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
ECI has extended Dhs420m trade credit support to SMEs till Nov 2020
20 Dec 2020 A national entrepreneur in one of the Small and Medium Enterprises in the country. Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued Dhs420 million worth of trade credit support to the small and medium enterprises (SMEs) from January to November 2020, which translates to Dhs1 billion non-oil trade insured turnover, as it carries out its mandate of accelerating the UAE’s non-oil economy and ensuring business continuity.
Mirroring its steadfast commitment to boost national export activity and economic diversification, the ECI has insured the exports of the SMEs as well as its operations in the domestic market allowing them to stay competitive in the trade industry, especially during the COVID-19 pandemic.