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Trade Credit tag returned 124 results

  • Pandemic accelerates protectionist trends, increases political risk

    The global economic landscape will continue to evolve towards a tripolar system with the US, China and the European Union as its pillars, a result of both a hardening of attitudes during COVID-19 and a compounding of existing trends, according to a new report from Moody's Investors Service. This shift poses widespread ramifications and negative credit effects across countries, sectors and industries.

    AIRPlus | 26 Nov 2020
  • UAE: Etihad Credit Insurance expected to be profitable in next 3 years

    Etihad Credit Insurance (ECI) is expected to become profit-making in the next three years following its initial start-up phase, says Fitch Ratings.

    Middle East | 16 Nov 2020
  • China: Sinosure warns of country and other risks for Chinese investors overseas

    China Export and Credit Insurance Corporation (Sinosure), a state-owned policy-oriented insurer, has identified 61 countries as presenting high risks for Chinese enterprises investing overseas. Another 93 countries are considered medium risk for investment, and 38 countries are low risk.

    Asia | 16 Nov 2020
  • China expected to cut funding for developing economies - Euler Hermes

    China is expected to slow its international engagements over the next few years, leaving economies like Angola, Kenya, Ethiopia, Ecuador and Ghana, along with Brazil and South Africa, to struggle to find alternative international sources for funding, investment and trade to sustain their economic growth, says global trade credit insurer Euler Hermes.

    China | 13 Nov 2020
  • US: Insurers face accelerated credit risks amid pandemic fallout

    The challenges faced by the North American insurance industry prior to the pandemic have been accelerated by the economic fallout from coronavirus.

    Asia | 11 Nov 2020
  • European insurers now less exposed to risks but concerns remain: EIOPA

    The risk exposures of the EU insurance sector are now slightly reduced compared to a previous assessment in July, according to the European Insurance and Occupational Pensions Authority (EIOPA) in the latest update to its Risk Dashboard based on Solvency II data from the second quarter of the year.

    Asia | 11 Nov 2020
  • UAE: Govt backed credit insurer offers Shariah-compliant solutions

    Etihad Credit Insurance (ECI), the federal export credit company set by the UAE, has launched Shariah-compliant export credit solutions to boost the country's halal export industry. The solutions are offered under the brand 'ECI Islamic'.

    Middle East | 25 Oct 2020
  • Saudi Arabia: Fundamentals and shareholders' support are behind ICIEC's Aa3 IFSR

    The main shareholders of The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), in particular Islamic Development Bank (IsDB) and Saudi Arabia, are very likely support the company in times of financial distress, given ICIEC's key role as facilitator of trade between many countries, notes Moody's Investors Service.

    Middle East | 22 Oct 2020
  • 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

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