Etihad Credit Insurance (ECI), the UAE's Federal export credit company, has reported an impressive eight percent annual growth in its credit coverage within Abu Dhabi, reaching Dhs 1.4 billion in the first eight months of 2024. The financial services sector continues to dominate, securing 50.6 percent of ECI’s total coverage in the emirate. Following closely are the food and beverage sector, metals, paper manufacturing, packaging, and electronics and cables industries, contributing 14 percent, 10.5 percent, 10.4 percent, 6.6 percent, and 2.6 percent, respectively. Notably, ECI also experienced a significant 24 percent increase in the issuance of insurance documents during this period. In 2024 alone, ECI has achieved a total credit coverage of Dhs 10.6 billion across the UAE, reflecting a robust growth rate of 10 percent annually, alongside a 16 percent rise in insurance document issuance. The financial services sector leads nationally as well, accounting for 21.36 percent of ECI’s coverage, with logistics, reinsurance, information and communications technology (ICT), chemicals, and food and beverages following at 14.63 percent, 10.65 percent, 10.01 percent, 7.78 percent, and 7.45 percent, respectively.
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