UAE and Oman sign MoU to enhance trade and economic cooperation:
UAE national export credit company, Etihad Credit Insurance (ECI) signed a Memorandum of Understanding (MoU) with the Export Credit Guarantee Agency of Oman (Credit Oman)
Aim:
To enhance trade and economic cooperation between the two countries. The sign took place during the 10th AMAN UNION General Assembly, held in Muscat.
The MoU signed by Massimo Falcioni, CEO at ECI and Sheikh Khalil bin Ahmed Al-Harthy, recently appointed CEO at Credit Oman in the presence of senior officials. ECI and Credit Oman form a collaborative task force to explore work streams that include commercial information and credit opinion sharing on companies located. Thevolume of non-oil trade between the two countries in 2017 registered about AED 36 billion, a growth rate of 12.4 per cent over the year 2016. Non-oil trade between the UAE and Oman in Q3 2018 reached AED 32.5 billion.
AMAN UNION
It is a professional forum assembling Commercial & Non-commercial Risks Insurers & Reinsurers in Member Countries of the Organization of the Islamic Conference and the Arab Investment & Export Credit Guarantee Corporation.