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Dubai / Emirates Business
Etihad Credit Insurance (ECI), the UAE Federal export credit company, and SACE, the Italian export credit company (CDP Group), have signed a Memorandum of Understanding (MoU) to enhance business opportunities between the Unit-ed Arab Emirates and Italy, as part of the 6th meeting of the UAE-Italy Joint Economic Committee held in Rome, Italy.
Under this MoU signed by Massimo Falcioni, CEO of ECI, and Alessandro Decio, CEO of SACE, the two national export credit companies have expressed commitment in stre- ngthening the cooperation between UAE and Italy through the mutual sharing of expertise as well supporting the business relations of both countries. One of the main high- lights of the MoU is the intention to enhance trade between the two countries with focus on halal industry through Shariah-compliant insurance and finance solutions.
Furthermore, ECI and SACE have agreed to create a dedicated task force and collaborate on seven work areas: insurance, reinsurance and collections initiatives; information sharing; technical training programmes; halal industry and Shariah-compliant insurance and finance solutions; trade promotions; investments; and SME programmes.