Improving the Role of Eximbanks/ECAs in the OIC Member States
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United Arab Emirates
Export Credit Insurance Company of the Emirates (ECIE)
Name of Entity: Export Credit Insurance Company of the Emirates (ECIE)
Status: Government Ownership 100% Corporate Form: State-owned Company
Year of Establishment: 2008 Capital: 50 million AED (USD
13 million)
Size of staff: N/A
Financial outturn: N/A Assets: N/A
Product Offerings
Financing: None
Guarantee: None
Insurance
 Comprehensive Short Term Policy: Provides credit insurance coverage against non-payment of their
customers and caters to businesses in which products or services are sold on credit terms of up to 180
days although payment terms of up to 360 days may also be considered
 Single Risk Policy
Bonding Facilities: None
Advisory and Other Services
 Debt collection
 Business information
 Partner Export Services: Exporters receive support and guidance when establishing or expanding their
export businesses including market intelligence, concessions during the exporting process and on-the-
ground assistance in overseas markets.
 Dubai Export Academy: Established to enhance the skills and success of UAE businesses looking to
expand or enter into foreign markets by providing essential information on foreign markets, export
management, trade data and policy analysis.
 Export Assistance Program (EAP): Provides financing to SMEs for export operations in international
markets and to enhance the capacity of manufacturers and service providers in key industry sectors.
 Export Resource Centre: Provides assistance to businesses on launching or expanding export
operations.
Islamic Finance Instruments: None
Business Volumes:
USD
Mn Year
ST Export Credit
Insurance
766 2012
Domestic Credit
Insurance
18 2013
Source: Aman Union Performance Report
2012 and Aman Union Performance
Analysis Report 2013
Top Exports / Export Markets:
Products Exported (2013)
HS Code Description Value (USD Mn) %
27 Oil & Gas 149,505 68.1%
68-71 Stone / Glass 31,248 14.2%
72-83 Metals 12,380 5.6%
Others 26,461 12.0%
Total 219,593 100.0%
Source: UN Comtrade
Top 3 Destinations (2013)
Order Country Value (USD Mn) %
1 Japan 42,528 19.4%
2 India 32,965 15.0%
3 Rep. of Korea 18,123 8.3%
Others 125,977 57.4%
Total 219,593 100.0%
Source: UN Comtrade