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Trade Credit tag returned 116 results

  • South Korea: Export credit insurer fails to recover over US$1bn losses

    South Korea's state-run trade insurance company has failed to recoup around KRW1.4tn ($1.2bn) in local exporters' losses arising from the latter's deals with foreign companies.

    Asia | 15 Oct 2020
  • UAE: ECI covers over US$1bn of non-oil trade in 1H2020

    Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued over 1,400 revolving credit guarantees covering AED4bn ($1.1bn) worth of non-oil exports from January to June 2020, thereby providing solid contribution to employment and the non-oil economy of the country.

    Middle East | 08 Oct 2020
  • Old hands team up for synergetic risk management solutions

    Euler Hermes Singapore and Western Union Business Solutions have come together to create a business trading solution in response to the increasingly challenging risk environment.

    Asia Risk | 07 Oct 2020
  • Saudi Arabia: ICIEC signs MoU with Spanish state export credit agency

    Jeddah headquartered Islamic Corporation for the Insurance and Investment of Export Credit (ICIEC) has signed a memorandum of understanding with Companía Espanola de Seguros de Credito a la Exportacion, Compania de Seguros y Reaseguros (CESCE).

    Middle East | 06 Oct 2020
  • Morocco: New credit insurance broker sets ambitious business goal

    A new entity specialising in credit insurance aims to capture a market share of around 40% in credit insurance broking business next year.

    Middle East | 17 Sep 2020
  • UAE: ECI boosts employees' trade credit insurance skills through Aman Union certification

    Etihad Credit Insurance (ECI), the UAE's federal export credit company, has enrolled several of its team members in Aman Union Certification Programmes, to help them attain the highest level of excellence in terms of core insurance skills and business strategies, under the guidance and training of leading finance and credit insurance practitioners as well as respected names in the academic and financial spheres.

    Middle East | 02 Sep 2020
  • Italy: EC approves EUR2bn scheme to support trade credit insurance

    Under EU state aid rules, the European Commission (EC) has approved a EUR2bn ($2.37bn) Italian scheme to support the trade credit insurance market in the context of the coronavirus outbreak. The scheme will be administered by SACE, the Italian Export Credit Agency.

    Asia | 21 Aug 2020
  • Saudi Arabia: ICIEC signs MOU with Austrian counterpart

    Jeddah-headquartered Islamic Corporation for the Insurance and Investment of Export Credit (ICIEC) and Austrian export credit agency Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) have signed a Memorandum of Understanding to promote projects and investments from Austrian businesses and investors into ICIEC member countries.

    Middle East | 12 Aug 2020
  • Turkey: Eximbank inks reinsurance deal with Danish export credit agency

    Turk Eximbank has signed a reinsurance cooperation agreement with Denmark's export credit agency, EKF Danmarks Eksportkredit (EKF), Turkish Trade Minister Ruhsar Pekcan has announced.

    Middle East | 10 Aug 2020
  • Prepare for a record-high increase in global insolvencies

    The Covid-19 crisis will trigger a major acceleration in business insolvencies due to both the suddenness and historic size of the economic shock and its expected lasting effects, according to a study by Euler Hermes, one of the world's largest credit insurer.

    Agents | 04 Aug 2020

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