Italian export credit agency SACE is preparing to open an office in Riyadh to be closer to companies promoting "Made in Italy" in the region.
China Export & Credit Insurance Corporation (Sinosure), a state-owned policy-oriented insurance company, scaled up backing for Chinese foreign trade in 2022, said a report published by the Development Research Centre of the State Council.
A considerable number of small and medium enterprises overlook the importance of insurance coverage. As many as 50% SMEs operating in the UAE are inadequately insured, according to Mr Mustafa O Vazayil, managing director of the insurance broking company, Gargash Insurance.
The National Financial Regulatory Administration (NFRA) has issued a directive, aiming to improve governance at China Export and Credit Insurance Corporation (Sinosure) at the local level.
Hong Kong will co-establish the Shenzhen-Hong Kong Financial Co-operation Committee with the Shenzhen authorities in the first half of 2024, Mr John Lee, the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), has said.
Around 100 Tunisian companies have benefited from the state covering a percentage of insurance premiums for exports to sub-Saharan African countries since this particular export credit scheme started a year ago.
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.