State-owned China Export & Credit Insurance Corporation (Sinosure) has warned the Government of Pakistan against failure to honour its commitment to make due payments to power generation plants established in the China-Pakistan Economic Corridor (CPEC).
Credit Oman's volume of insured sales increased by 5% to more than OMR161m during the first half of this year compared to OMR153m in the corresponding period in 2022.
Etihad Credit Insurance (ECI) is expected to become profit-making in the next three years as it grows its revenue faster than its expense base following its initial start-up phase, says Fitch Ratings.
Etihad Credit Insurance (ECI), the federal export credit agency of the UAE, is expected to be profit-making in the next three years as it grows its revenue faster than its expense base following its initial start-up phase, says Fitch Ratings.
The Insurance Federation of Egypt (IFE) has established a technical committee for credit and guarantee insurance.
The overall accounting profitability of China Export & Credit Insurance Corporation (SINOSURE) is likely to have declined in 2022, due partially to unrealised foreign-currency losses, says Fitch Ratings.
Trade credit insurers require time, information and resources to make assessments on credit risks. However, it may be tough for insurers to make decisions if clients begin purchasing coverage with limited time.
Jeddah-headquartered Islamic Corporation for the Insurance of Investment & Export Credit (ICIEC), a member of the Islamic Development Bank (IsDB) Group, has inducted Azerbaijan as its 49th member state.
Geopolitical uncertainties and instability and slow global economic recovery will drive global risk higher for Chinese companies' overseas investments.
Etihad Credit Insurance (ECI), the UAE Federal export credit company, played a crucial role in helping the UAE achieve record-breaking non-oil foreign trade growth in the first half of 2022, notes Fitch Ratings.