The Emirates News Agency, in a statement obtained by Namazin, obtained a copy of it, specifying the Export Credit Union as a goal to support exports and non-oil re-exports to companies worth $ 3 billion, in line with The UAE's strategy for economic diversification 2021 M.

The company revealed during the meeting that was held in Dubai to move forward with its operations in 2019, the goal of the Union for Export Credit to provide support worth $ 1.1 billion to companies operating in the UAE, to reduce the risks from The road to renewed credit limits during 2019, as a demonstration of its continued commitment to assist Emirati companies in strengthening their presence at the regional and global levels.

The strategic partnerships established by the Union for Export Credit with government agencies and insurance companies were highlighted on export credit in compliance with Islamic and traditional law, international export credit agencies and banks, In addition to companies providing advisory and technical services and market information.

The union’s export credit partners from government agencies during the meeting stressed the support they provide to UAE companies to help them expand their business and find solutions to the challenges they face. Also, senior experts in the economy presented And specialists in the financial sector provide valuable information on the economic performance and future expectations of the United Arab Emirates and the Gulf region.

The other strategic partners have provided export credit insurance solutions, both traditional and Sharia-compliant, that will expand the scope of its business to include Emirati companies by cooperating with the Union for Export Credit.

During the meeting, an overview of the economic forecasts and challenges for the year 2019 AD was presented, in addition to a review of the Federation's export credit strategy and plans for this year. Abu Dhabi presented plans to boost the economy Oil sector in the emirate after the launch of a program worth 50 billion dirhams (13.6 billion dollars) aimed at accelerating economic growth and social development.

It is mentioned that the Export Credit Union is a public shareholding company, established in 2015 by the Federal Government of the State of the Emirates and each of the Government of the Emirate of Abu Dhabi, the Government of the Emirate of Dubai, and the Government of the Emirate of Ras Al Khaimah , The government of the Emirate of Fujairah, and the government of the Emirate of Ajman. The company aims to accelerate national economic diversification, as well as support the export and re-export of goods, businesses and services.

It is worth noting that the economic diversification plan was launched at the beginning of last year, and aims to reduce the emirate's dependence on oil revenues, and includes a project package of about $ 13.6 billion in several areas in tourism and facilitating Business movement, and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed announced a budget and first set ...