UAE and Greek credit insurance organizations to promote businesses

The UAE’s federal export credit company Etihad Credit Insurance (ECI) signed an MoU with Greece’s Export Credit Insurance Organization (ECIO) to boost the bilateral trade and economic cooperation between the UAE and Greece.
The two agencies will support local businesses of both the countries operating in agriculture, construction, renewable energy, mechanical, and waste management with trade finance tools to help them expand globally, local media reports said.
The partnership will also promote SMEs and mid-caps, and enhance halal trade through the promotion and utilization of Sharia-compliant finance solutions.
This agreement follows the recent UAE-Greece high-level diplomatic meetings between the ministers of both countries.
The reports said that the two agencies will explore mutual opportunities in the insurance sector and exchange expertise in financial areas.