- The United Arab Emirates team of the World Business Angels Investment Forum, an affiliate partner of the G20 Global Partnership for Financial Inclusion (GPFI), hosted a special event at the Dubai Exhibition Center located at the Expo 2020 site sponsored by Etihad Credit Insurance (ECI), on the theme “Business Diplomacy for International Entrepreneurship” as part of World Business Angel Investors Week
- The inclusion of the UAE in the WBAF has offered a wide range of opportunities for UAE businesses, paving the way for exceptional economic growth.
- HE Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, delivered his opening speech, stressing that the United Arab Emirates is a leading destination for the economy, investors, SME development, the commerce and the future.
Dubai, United Arab Emirates: As part of its efforts to position the United Arab Emirates as a premier destination for the economy, business and the future, Etihad Credit Insurance (ECI), the federal lending company UAE export, in partnership with the World Business Angels Investment Forum (WBAF), hosted World Business Angel Investors Week (WBAW) on Saturday, October 23, 2021 at the Dubai Exhibition Center at Expo 2020 Dubai.
As an affiliate partner of the G20 Global Partnership for Financial Inclusion, the WBAF coordinates Global Angel Investor Week, which was held globally from October 18-24, 2021 and attended by 72 countries.
His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, shared his thoughts on how the UAE is supporting investors and entrepreneurs as a keynote speaker.
“Today, it is now indisputable that the United Arab Emirates are among the best countries to invest in, where SMEs represent 95% of the total business population. From the number of companies funded to the capital invested in startups, the UAE is at the forefront of the startup environment in the MENA region. It is the result of the partnership between the government and the private sectors to educate investors and entrepreneurs on the importance of startups, providing various platforms to connect them and forming a network of angel investors and startups where passion can be turned into reality ”, SE Al told Zeyoudi.
Federal corporation Etihad Credit Insurance CEO Massimo Falcioni represented the UAE in the WBAF as UAE High Commissioner at the Grand Assembly of the world’s largest angel investment forum and delivered a speech at the opening ceremony.
Speaking on diplomacy in action for entrepreneurs, Falcioni said: “The world, which is recovering from the impacts of a protracted pandemic in human history, demands a new trade diplomacy. changing and adopting better ways of responding to changing needs is at the heart of successful diplomatic actions. And integrating the principle of sustainability, mobility and opportunity into diplomacy is essential for the time and time to come. in the UAE’s National Non-Oil Export Development Program. We are implementing our strategy to shape the UAE economy in accordance with the vision of the country’s wise leadership for the next 50 years. “
The event brought together ministries, dignitaries, C-level executives and in-person investors from Expo 2020 Dubai. He also presented the entire WBAF community hailing from over 127 countries, including 685 representatives, 16 high commissioners, 4 senior senators, 266 senators, 357 international partners and 44 faculty members.
The inclusion of the UAE in the WBAF has offered a wide range of opportunities for UAE businesses, paving the way for exceptional economic growth.
“Business diplomacy for international entrepreneurship” was the theme of this year’s event, where expert speakers and panelists from various fields inspired current and future world leaders to take risks on new ideas, collaborate across sectors and transform economies global through scaling up entrepreneurship, angel investment, financial inclusion and innovation.
Global Angel Investor Week in the United Arab Emirates has proven to be a great platform to campaign for solutions to critical early stage equity and capital market issues and other global concerns at the United Nations, in the European Union and in the G20 countries and regional and local economies. .
About Etihad Credit Insurance
Etihad Credit Insurance (PJSC) was established by the Federal Government of the United Arab Emirates and its founders, the governments of Abu Dhabi, Dubai, Ras Al Khaimah, Fujairah and Ajman. The company began operations in February 2018. ECI plays a catalytic role in supporting non-oil exports, trade, investment and development of strategic sectors of the UAE, in line with the UAE’s Vision 2021 program.
The Federal Export Credit Corporation of the United Arab Emirates is responsible for accelerating and maintaining national economic diversification, as well as supporting the export and re-export of goods, works, services from the United Arab Emirates and foreign investment by UAE companies, as well as supporting exporters in the domestic market. trade through a range of export credit, investment finance and insurance products. Since 2020, in response to the country’s economic needs, it has started providing support for non-oil domestic trade credit insurance and project finance guarantees.
To provide UAE businesses with solutions that meet their growth objectives locally and internationally, ECI is building a comprehensive platform of strategic partnerships between government, insurers, reinsurers, brokers, banks and lenders, regional and international export credit agencies, governments and trade promotion agencies. in addition to global economic development organizations.
ECI was also awarded for the second consecutive year in 2021 an Insurance Financial Strength Rating (IFS) and an Issuer Default Rating (IDR) of AA- (very strong) with a stable outlook according to Fitch Ratings .
For media inquiries, please contact:
Abeer Al Mutawa
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Etihad credit insurance
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New Perspective Media Group
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© Press release 2021