Economy Local January 30, 2025

Strong Credit Ratings for UAE's Economy

The UAE's export credit agency, Etihad Credit Insurance, received an 'AA-' rating from Fitch, reflecting its crucial role in boosting the nation's economy and competitiveness.


Strong Credit Ratings for UAE's Economy

The Union Company for Re-export in Dubai has received an "AA-" (very strong) financial strength rating for insurance, and an "AA-" rating for its ability to meet long-term obligations, with a stable future outlook from Fitch Ratings for the aforementioned rating. Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Company’s Board of Directors, confirmed that the company’s role contributes to supporting the vision of the UAE in diversifying the national economy and enhancing its competitiveness at both the regional and global levels. Thanks to the wise leadership directives, the UAE has a strong economy.