logo
ECI Showcases Strategic Export Solutions at TXF MEA 2025 to Bolster UAE's Global Trade Presence

ECI Showcases Strategic Export Solutions at TXF MEA 2025 to Bolster UAE's Global Trade Presence

Hi Dubai17-04-2025

Etihad Credit Insurance (ECI) spotlighted its strategic innovations in export support during the TXF MEA 2025 conference in Dubai, reaffirming the UAE's commitment to becoming a leading global trade hub.
Raja Al Mazrouei, CEO of ECI, highlighted the organisation's pivotal role in facilitating national exports into key regional and international markets. She emphasised how ECI's solutions align with the UAE's We the UAE 2031 vision, which aims to boost non-oil exports to AED 800 billion within the next decade. 'Our efforts focus on enabling businesses, especially SMEs, to navigate global markets with confidence. We provide risk-mitigation tools and credit solutions to reinforce the competitiveness of UAE-made products abroad,'
Al Mazrouei said.
She also credited the UAE leadership's guidance in shaping a resilient and future-ready economy, stressing the importance of enhancing participation in platforms that foster trade partnerships and manufacturing growth.
At the event, ECI presented mechanisms designed to help exporters manage challenges tied to global economic uncertainties. The company also underscored its ongoing initiatives to uncover new market opportunities for UAE businesses.
Yasmin Bahgat, ECI's Head of Export Finance, joined a key panel discussion titled 'Going Local – The Rise of Regional ECAs in Africa and the Middle East.' The session explored regional growth trends and the evolving role of ECAs in expanding market access.
TXF MEA 2025 gathered global experts in export finance, government officials, and multinational stakeholders to strengthen collaboration, drive innovation, and promote economic diversification across the MENA region.
News Source: Emirates News Agency

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dubai Property Market Surges Past AED 66 Billion Mark
Dubai Property Market Surges Past AED 66 Billion Mark

Arabian Post

time3 hours ago

  • Arabian Post

Dubai Property Market Surges Past AED 66 Billion Mark

Arabian Post Staff -Dubai Dubai's real estate sector demonstrated remarkable momentum last month, with property transactions reaching a record AED 66.8 billion , reflecting a substantial 44% increase compared to the previous year. This surge highlights a growing population and robust demand across various market segments, driven by both primary and secondary sales. The primary ready property segment emerged as a key growth area, experiencing a fourfold increase in sales value to AED 17.9 billion in May 2025. This sharp rise signals strong confidence among buyers seeking completed units, particularly in sought-after developments across Dubai's key residential hubs. The secondary ready market also recorded significant gains, with sales amounting to AED 24 billion, up 21% year-on-year, underscoring ongoing interest in resale properties. ADVERTISEMENT Combined, the value of primary ready and off-plan transactions soared by 65% to AED 37 billion, while secondary sales posted a 23% rise, reaching AED 29 billion. These figures set new benchmarks for Dubai's real estate market, reinforcing its status as a vibrant and attractive destination for investors and end-users alike. Market analysts point to several factors fueling this upward trajectory. Dubai's population continues to expand rapidly, buoyed by relaxed visa policies and a growing expatriate community. This demographic shift is driving demand for residential properties across the emirate, particularly in areas offering integrated lifestyle amenities and proximity to business districts. Infrastructure developments and government initiatives aimed at enhancing the city's appeal remain key contributors to market confidence. Projects such as the Dubai Metro expansion, new business zones, and cultural hubs are attracting both domestic and international buyers. The real estate sector's performance also benefits from Dubai's position as a global trade and tourism hub, which sustains demand in the rental and resale markets. Within the primary ready segment, the quadrupling of sales reflects a broader trend where buyers prefer completed properties over off-plan purchases, reducing exposure to construction delays and market fluctuations. This preference is particularly pronounced among end-users seeking immediate occupancy. Developers have responded by accelerating delivery schedules and introducing competitive pricing strategies to capture this demand. Off-plan sales maintain a strong presence, contributing significantly to the overall primary market value. The willingness of buyers to commit to projects still under construction suggests continued optimism about Dubai's long-term growth prospects. Developers are increasingly targeting affluent buyers with luxury offerings and integrated communities that blend residential, retail, and recreational spaces. The secondary market's 23% growth highlights the liquidity and resilience of Dubai's property resale sector. Investors and homeowners alike are capitalising on rising property values, with many opting to upgrade or diversify their portfolios. This active resale market provides a vital avenue for market participants seeking flexible entry and exit points. Data also reveals that demand is diversifying geographically. While prime locations such as Downtown Dubai, Dubai Marina, and Palm Jumeirah remain highly sought after, emerging areas like Dubai South and Mohammed bin Rashid City are gaining traction. These developments offer competitive pricing and extensive amenities, appealing to both investors and residents aiming for value and quality of life. Real estate experts caution, however, that sustainability remains a crucial consideration amid rapid growth. Affordability challenges and potential oversupply in certain segments could temper future gains if not managed carefully. Nonetheless, current market dynamics suggest a healthy balance between supply and demand, supported by Dubai's strategic economic vision.

Pakistan govt begins cancelling passports of deportees
Pakistan govt begins cancelling passports of deportees

Khaleej Times

time3 hours ago

  • Khaleej Times

Pakistan govt begins cancelling passports of deportees

Pakistan's government has initiated cancelling the passports of deportees due to fake documents and beggary to discourage such practices. Data released by the Ministry of Overseas Pakistanis and Human Resource Development showed that over 7,800 Pakistanis were deported from 2019 to 2025 for different charges, including beggary. All of these deportees' passports are being cancelled, the Pakistani media reported. Most of these deportees are from the Gulf Cooperation Council (GCC) countries, which house a higher number of South Asian diaspora. As reported by Khaleej Times last month, the South Asian government stated that all deportees' passports will be cancelled upon arrival in the country and a first information report (FIR) will be filed against them for illegal practices. In addition, the government also announced that the deportees will be placed on the passport control list, ensuring that they don't travel abroad for five years. The Ministry of Interior has started placing these deportees' names on the passport control list to ensure that they don't travel abroad. The Senate Standing Committee on Overseas Pakistanis and Human Resources earlier this week discussed the matter of deportees and discussed steps taken to prevent such incidents. Millions of skilled Pakistani workers are employed in various countries, contributing immensely to the country's foreign exchange reserves. More than 5.5 million Pakistanis live and work in the UAE and other neighbouring Gulf countries. Millions of South Asian nationals visit Dubai, UAE and other regional countries for tourism. Pakistanis in the UAE have welcomed the government's decision to cancel the passports of deportees and put them on the passport control list for illegal practices because these initiatives will ease travel and visa restrictions for genuine visitors. The Senate Standing Committee recommended that the ministry initiate criminal proceedings against agencies for their involvement in sending deportees abroad. However, the question of legality of cancelling passports for crimes committed in foreign countries was also raised by a senator during the meeting.

Abu Dhabi's Fahid Island plans give us another peek at the city's extraordinary future
Abu Dhabi's Fahid Island plans give us another peek at the city's extraordinary future

The National

time4 hours ago

  • The National

Abu Dhabi's Fahid Island plans give us another peek at the city's extraordinary future

Developer Aldar Properties this week announced its plans for Fahid Island, the sliver of land that sits between Abu Dhabi's Yas and Jubail islands and connects via the road-and-bridge network with Saadiyat. By doing so, we now have a more complete picture of the plan for this quartet of isles that cluster from the mainland near Zayed International Airport to the top of Abu Dhabi city and the Mina Zayed district – and a better sense of the city's present and its prospective future. The developer said at the launch of its Fahid master plan that it will deliver a range of luxury apartments, townhouses and villas to the island, as well as a range of other amenities. Aldar described the project as being designed to draw people from around the city to use its leisure facilities and it was expecting international interest in the scheme. Next door, development of Jubail Island carries on at pace as regular users of the Saadiyat highway will testify. JIIC, the investment company at the heart of the island's development, has previously said the project will combine six residential village estates. Jubail will also be home to a branch of Gordonstoun school, via a licensing agreement that will use the storied Scottish institution's expertise and curriculum. The plan also allows for the majority of the island to remain as a salt marsh and mangrove sanctuary. The natural beauty of Jubail's Mangrove Walking Park is already a fixture of the city's ever-expanding visitor experience. With each passing year, both Saadiyat and Yas, which bookend Jubail and Fahid, become more impressive environments. On Saadiyat, the multi-sensory experience that is TeamLab Phenomena opened in the cultural district earlier this spring. Guggenheim Abu Dhabi and Zayed National Museum are rapidly moving from architectural dream to built reality. So too the Natural History Museum, which promises to be a time capsule that takes visitors back to millions of years ago. Louvre Abu Dhabi has been a much-loved fixture of Saadiyat since it opened in late 2017. Banks of housing stock are fast emerging from the ground, which also hosts prominent education establishments, restaurants, hotels and a long ribbon of luxury housing at its far boundary, known as Hidd. With each passing year, both Saadiyat and Yas, which bookend Jubail and Fahid, become more impressive environments Yas, the buffer before the mainland, rightly stakes its claim as a world-class entertainment destination with its concert arena, F1 track, multiple theme parks - Warner Bros, Yas Waterworld, Ferrari World and Seaworld - as well as hotels, offices, several hues of residential stock and a full suite of leisure pursuits. The latest announcement, delivered last month, is arguably the biggest headliner of them all: the arrival of Disneyland within a decade. Experts say the Disney effect is already in motion, with the announcement instantly creating more interest in the residential property market in the city. That may provide mixed news for those seeking to move to the island, with prices likely to increase, but the overall impact of Disney's arrival is largely positive. Certainly, its presence will also accelerate growth in some sectors of the job market, too. If the Disney effect is at work at one end of that chain of islands, the Bilbao or Guggenheim effect has also been long talked about at the other end, in the context of the cultural district. The introduction of the Guggenheim to the Spanish port city, now almost 30 years ago, helped kickstart economic development and urban regeneration. Its impact will be felt differently in Abu Dhabi, however, sitting as it will do within Saadiyat's constellation of cultural stars, but there is also little doubt the Guggenheim will have an effect in Abu Dhabi, too. It is easy to forget now that Saadiyat and Yas were only connected to the city in 2009, with the opening of the Sheikh Khalifa Bridge and associated motorway that linked these islands with the mainland and the city and the complete offering we see now. The opening of that infrastructure was the moment that the exquisitely detailed scale models of what the future might look like began their journey towards the present. Around the same late aughts period, famed architect and urbanist Rem Koolhaas remarked 'the Gulf is not just reconfiguring itself, it's reconfiguring the world', in reference not just to the plans that were emerging across in the region. Perhaps people also took it to mean that the spectacular was possible in a way that had once been impossible, such as the world's tallest building opening in Dubai in 2009. It also used to be traditional to frame pieces about Abu Dhabi internationally with the idea of something extraordinary happening in the desert environment. With hindsight, those portrayals only told a fragment of the whole story, being overly focused on the possibility of structures emerging from barren ground rather than what was supporting that development in the first place. What they missed were the intangible assets of the city and the country, such as the safety of society – UAE cities are consistently ranked the safest in the world – and the certainty and confidence that means those visions were always destined to become reality. As much as the renderings and sketches are there to entice – in Fahid today, just as they were for yesteryear Saadiyat – it is that certainty about today that makes the possibility of tomorrow so exciting.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store