Etihad Credit Insurance extends credit guarantees worth $1.3bn in January-May period

Etihad Credit Insurance (ECI), the UAE’s export credit agency, issued 7,307 revolving credit guarantees worth Dh4.8 billion ($1.3bn) in the first five months of the year, significantly helping to boost the country’s non-oil foreign trade, Abdulla bin Touq, Minister of Economy, said.

ECI-issued credit guarantees until May covered Dh14.4bn worth of short-term insured non-oil trade to more than 111 countries, Mr bin Touq, who is also chairman…