Latest news with #Operation300Billion
Mid East Info
16-04-2025
- Business
- Mid East Info
ADEX Participates in TXF Middle East & Africa 2025 to Advance Regional Export Finance Collaboration - Middle East Business News and Information
The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), took part as a key sponsor in the TXF Middle East & Africa 2025, held over three days in Dubai. This edition of TXF marked the first time the conference merged its Middle East and Africa editions into one comprehensive platform, uniting decision-makers, financiers, and exporters from both regions to promote cross-regional partnerships, explore common interests, and align strategies that support economic development. Khalil Al Mansoori, Executive Director of ADEX, delivered a keynote address highlighting ADEX's role as a strategic enabler of the UAE's export sector. 'At ADEX, we believe meaningful progress begins with meaningful partnership. Collaboration is the foundation of everything we do,' he said. Al Mansoori noted that ADEX's role continues to evolve in line with national ambitions such as Operation 300 Billion, Abu Dhabi's Industrial Strategy, and the UAE Centennial 2071. 'We are committed to helping the UAE become a global hub for innovation and trade. Supporting exports and investments in key sectors like AI and renewable energy plays a vital role in achieving a competitive, knowledge-based economy,' he added. To support this vision, ADEX has expanded its financing solutions beyond traditional loans and guarantees for foreign buyers of UAE goods and services. The agency now also provides direct loans to UAE-based businesses to help scale production and invest in capital expenditure, in addition to offering multilateral risk repurchase agreements that unlock liquidity for high-impact export deals. 'These tools make us more agile, more responsive, and more aligned with the needs of our exporters and partners,' Al Mansoori explained. 'They also allow us to support the UAE's efforts to diversify its economy while opening new opportunities for local companies abroad.' One of the highlights of the event was TXF's recognition of ADEX's syndicated facility with BGN as one of its Deals of the Year, acknowledging the creative structuring and impact of the transaction in supporting UAE exports in emerging markets. The event included insightful panel discussions, country-focused workshops, and roundtables of heads of export and project finance. About ADEX: Established by the Abu Dhabi Fund for Development (ADFD) in 2019, the Abu Dhabi Exports Office (ADEX) offers financing solutions to Emirati exporters to help increase the country's export volume and promote UAE export business in the global markets. ADEX's mandate includes providing credit facilities to overseas buyers and importers via direct and indirect loans and guarantees, thereby enhancing the export sector's pivotal economic role and promoting its global competitiveness. This is in line with the UAE's economic diversification strategy. The entity also seeks to expand the range of locally made exported goods and services, being among the main pillars of the country's sustainable development.
Al Etihad
16-04-2025
- Business
- Al Etihad
ADEX participates in TXF Middle East & Africa 2025 to advance regional export finance collaboration
16 Apr 2025 19:58 ABU DHABI (ALETIHAD)The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), took part as a key sponsor in the TXF Middle East & Africa 2025, held over three days in edition of TXF marked the first time the conference merged its Middle East and Africa editions into one comprehensive platform, uniting decision-makers, financiers, and exporters from both regions to promote cross-regional partnerships, explore common interests, and align strategies that support economic Al Mansoori, Executive Director of ADEX, delivered a keynote address highlighting ADEX's role as a strategic enabler of the UAE's export sector.'At ADEX, we believe meaningful progress begins with meaningful partnership. Collaboration is the foundation of everything we do,' he Mansoori noted that ADEX's role continues to evolve in line with national ambitions such as Operation 300 Billion, Abu Dhabi's Industrial Strategy, and the UAE Centennial 2071.'We are committed to helping the UAE become a global hub for innovation and trade. Supporting exports and investments in key sectors like AI and renewable energy plays a vital role in achieving a competitive, knowledge-based economy,' he support this vision, ADEX has expanded its financing solutions beyond traditional loans and guarantees for foreign buyers of UAE goods and services. The agency now also provides direct loans to UAE-based businesses to help scale production and invest in capital expenditure, in addition to offering multilateral risk repurchase agreements that unlock liquidity for high-impact export deals.'These tools make us more agile, more responsive, and more aligned with the needs of our exporters and partners. They also allow us to support the UAE's efforts to diversify its economy while opening new opportunities for local companies abroad," ' Al Mansoori of the highlights of the event was TXF's recognition of ADEX's syndicated facility with BGN as one of its Deals of the Year, acknowledging the creative structuring and impact of the transaction in supporting UAE exports in emerging markets. The event included insightful panel discussions, country-focused workshops, and roundtables of heads of export and project finance.
Zawya
16-04-2025
- Business
- Zawya
ADEX participates in TXF Middle East & Africa 2025 to advance regional export finance collaboration
Abu Dhabi – The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), took part as a key sponsor in the TXF Middle East & Africa 2025, held over three days in Dubai. This edition of TXF marked the first time the conference merged its Middle East and Africa editions into one comprehensive platform, uniting decision-makers, financiers, and exporters from both regions to promote cross-regional partnerships, explore common interests, and align strategies that support economic development. Khalil Al Mansoori, Executive Director of ADEX, delivered a keynote address highlighting ADEX's role as a strategic enabler of the UAE's export sector. 'At ADEX, we believe meaningful progress begins with meaningful partnership. Collaboration is the foundation of everything we do,' he said. Al Mansoori noted that ADEX's role continues to evolve in line with national ambitions such as Operation 300 Billion, Abu Dhabi's Industrial Strategy, and the UAE Centennial 2071. 'We are committed to helping the UAE become a global hub for innovation and trade. Supporting exports and investments in key sectors like AI and renewable energy plays a vital role in achieving a competitive, knowledge-based economy,' he added. To support this vision, ADEX has expanded its financing solutions beyond traditional loans and guarantees for foreign buyers of UAE goods and services. The agency now also provides direct loans to UAE-based businesses to help scale production and invest in capital expenditure, in addition to offering multilateral risk repurchase agreements that unlock liquidity for high-impact export deals. 'These tools make us more agile, more responsive, and more aligned with the needs of our exporters and partners,' Al Mansoori explained. 'They also allow us to support the UAE's efforts to diversify its economy while opening new opportunities for local companies abroad.' One of the highlights of the event was TXF's recognition of ADEX's syndicated facility with BGN as one of its Deals of the Year, acknowledging the creative structuring and impact of the transaction in supporting UAE exports in emerging markets. The event included insightful panel discussions, country-focused workshops, and roundtables of heads of export and project finance. About ADEX Established by the Abu Dhabi Fund for Development (ADFD) in 2019, the Abu Dhabi Exports Office (ADEX) offers financing solutions to Emirati exporters to help increase the country's export volume and promote UAE export business in the global markets. ADEX's mandate includes providing credit facilities to overseas buyers and importers via direct and indirect loans and guarantees, thereby enhancing the export sector's pivotal economic role and promoting its global competitiveness. This is in line with the UAE's economic diversification strategy. The entity also seeks to expand the range of locally made exported goods and services, being among the main pillars of the country's sustainable development.
Zawya
19-02-2025
- Business
- Zawya
ECI highlights its role in empowering exports and supporting non-oil GDP
Etihad Credit Insurance (ECI), the UAE's Federal export credit company, highlighted the substantial role of the exports sector in driving sustainable development and boosting economic diversity and sustainability. The company also reiterated its role in empowering export, re-export and non-oil foreign trade of UAE-based companies, further strengthening the competitiveness of locally manufactured goods and facilitating their entry to international markets. This comes as part of its participation as a strategic sponsor at the 25th edition of the GTR MENA. During the event, which was held on February 18 and 19, 2025 at Jumeirah Emirates Towers in Dubai, ECI exhibited its advanced credit services at a dedicated pavilion and launched various initiatives designed to support the country's manufacturers and exporters. The company also highlighted its innovative credit solutions designed to boost the global and regional competitiveness of local companies. In the first half of 2024, the UAE's non-oil GDP grew by 4.4% year-on-year, reaching AED 660 billion. The non-oil sector contributed 75% of the country's total GDP, while ECI's total credit coverage reached AED 11 billion. ECI supported local exporters across 17 sectors in 110 markets and maintained its 'AA-' (very strong) Fitch rating for the seventh consecutive year, reflecting growing confidence in its financial solutions and its expanding role in export and foreign trade. During the event, H.E. Raja Al Mazrouei, CEO of ECI, participated in a session titled 'Leadership, Innovation, and Sustainability: Empowering Economic Growth.' The session focused on the crucial contribution of small and medium-sized enterprises (SMEs) to global trade, highlighting their role in fostering innovation, generating employment, enhancing trade dynamics and promoting economic diversification. During the session, she highlighted the UAE's progressive approach to nurturing economic growth and diversification by creating a supportive environment for SMEs. This is further reinforced by flexible regulatory frameworks, growth-oriented policies, advanced infrastructure for business development and the UAE's ambitious goal to become a global industrial hub by 2031 through the UAE's industrial strategy 'Operation 300 Billion.' Furthermore, H.E. Al Mazrouei underscored the key role of non-oil trade in the UAE's economy, with the sector contributing approximately 75 per cent of the overall GDP. She explained that the UAE's collaborations and partnerships, which include comprehensive economic partnership agreements (CEPAs), have played a crucial role in facilitating seamless market access for SME products. She further highlighted the critical role of innovative credit solutions, trade easing initiatives enhancing of export, streamlining of logistics region and the joint efforts between the public and private sectors in strengthening non-oil exports, re-exports and foreign trade for UAE-based companies. The event also underscored the need for enhanced communication and collaboration among organisations and industry stakeholders to develop capabilities and enhance trade, imports and exports at both local and global levels. The key focus was on strategic planning to follow a progressive approach that efficiently addresses challenges and shapes a dynamic future. During the sessions, experts stressed that collaborations among key players of the international trade ecosystem, including financial organisations, exporters and importers, are essential for achieving sustainable growth. They highlighted the significance of establishing channels for exchanging expertise and knowledge to enable businesses, particularly SMEs, to overcome barriers in accessing global markets. The GTR MENA event featured over 80 speakers and 45 presenters, exploring a wide range of topics, including the impact of digitalisation on the future of trade finance, the role of financial technology and innovations, and regulatory frameworks designed to address challenges such as supply chain resilience and bridging gaps in trade finance. Additionally, discussions covered the role of institutional investors in boosting liquidity, meeting supply chain finance demands, and supporting regional economic diversification, particularly in the GCC region and Africa. The event also delved into digital advancements, investment strategies and strategic collaborations that contribute to a more flexible and efficient global trade landscape. -Ends- For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Zawya
05-02-2025
- Business
- Zawya
Sinaha platform launches exclusive tour to promote UAE products competitiveness in 4 African states
Abu Dhabi: Organized by the UAE's unified platform for supporting national products, "Sinaha" platform, the promotional tours are taking place in a number of promising markets in the African continent, namely Ethiopia, Kenya, Tanzania and Zanzibar. It seeks to create new pathways for trade and investment partnerships, enable access to and export of UAE made goods to those markets, and expand opportunities for national industrial exports. Chairman of the "Sinaha" platform, H.E. Mohammed bin Salem bin Kardous Al Ameri emphasized the strategic nature of these initiatives, noting that Africa is a promising market with unprecedented economic opportunities for UAE industries. The platform works to generate higher demand for premium UAE goods across Africa and to develop more robust trade connections between the UAE and the world, he said. He stated: 'We are committed to supporting the UAE's economic vision and the National Strategy for Industry and Advanced Technology (Operation 300 Billion) by strengthening trade relations with African countries. Offering a comprehensive database of over 10,000 factories nationwide, 'Sinaha' platform is an integral pillar that enhances the organization of the UAE's industrial sector. Africa is not only strategically placed, but its rich natural resources and high growth in quality-demanding industry sectors make it a preferred partner for UAE manufacturers as well, Al Ameri added. Only but we are seeking this project to attract investments in different industries and increase interaction between investors and suppliers and merchants. 'We are partnering with Africa as a strategic economic partner that can help support the UAE's vision for sustainable growth and economic diversification. He added. Our visits are a significant step towards fulfilling this objective, and in the process, we are laying the foundation for economic partnerships that benefit the UAE and our partners in Africa. Enhancing Economic Relations Between UAE and Africa As part of the tour, Mr. Mohsen Al Ameri, the Representative of the 'Sinaha' Platform in Africa, accompanied by the accompanying delegation, meets with major economic personalities and business leaders: They later visited Ethiopia, where the delegation met with Mr. Issa Timamy, Governor of Lamu, to look into how they could forge trade partnerships between the network and Lamu County. Marketing of UAE products and usage of Ethiopian natural resources was of paramount attention. They also had meetings with Dr. Knenisa Lemi, Secretary-General of Ethiopian Chamber of Commerce and Sectoral Associations Small where he showed his willingness to improve the UAE-Ethiopia trade relationship. In Kenya, the delegation headed by Mr. Aboud Jamal Saeed, Chairman of the National Chamber of Commerce and Industry in Mombasa, where they enhanced concepts of mutual investment opportunities and a mechanism for marketing UAE products in the Kenyan and African markets. Tanzania: Talked with Mr. Kelvin Ogodo, Project, Research and Planning Manager, about expanding economic cooperation and industrial partnerships. In Zanzibar the delegation also met with Mr. Hamad Hamad, CEO and executive director of the Zanzibar National Chamber of Commerce, who emphasized the need for strengthening the economic cooperation between the business community of Zanzibar and the community of the 'Sinaha' Platform These discussions have been cantered on opening new trade avenues, boosting economic ties, enabling the entry of UAE goods into African states, and making use of local natural resources to serve UAE industries. With this new initiative, the 'Sinaha' Platform is facilitating better trade relations between the UAE and Africa, providing robust supply chains, attracting industrial investments, and increasing the global footprint of UAE-made products.
