{
  "id": 7081311,
  "title": "UAE exporters move closer to German risk cover for overseas projects",
  "url": "https://urgent.news/2026/09/13/uae-exporters-move-closer-to-german-risk-cover-for-overseas-projects",
  "topic": "world",
  "section": "World",
  "published": "2026-09-13T08:04:53.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/markets/uae-exporters-move-closer-to-german-risk-cover-for-overseas-projects-1.500672843"
  },
  "original_language": "en",
  "account": "Dubai – UAE exporters may soon receive enhanced assistance in navigating international financial risks through a new partnership between Etihad Credit Insurance and Germany’s Euler Hermes. This collaboration, formalized through a Memorandum of Understanding, aims to establish a long-term framework for supporting the export and infrastructure projects of suppliers from both nations.\n\nThe agreement was signed by Mohammed Tahlak, Director of Corporate Support at Etihad Credit Insurance, and Jan-Philipp Apking and Thomas Baum, executives from Euler Hermes. Euler Hermes manages Germany’s official Export Credit Guarantee Scheme, which in 2025 covered projects and contracts valued at approximately €1.4 billion across the Gulf region, nearly doubling the amount from the previous year.\n\nThe Memorandum of Understanding also paves the way for a comprehensive Reinsurance Agreement, intended to create a permanent structure for sharing export credit risks associated with transactions involving UAE and German companies. This cooperation could extend to third-country markets where both nations are involved in the same export or infrastructure project. However, individual transactions would still be evaluated independently, based on each institution’s product portfolio, eligibility criteria, risk assessment processes, and compliance with international standards.\n\nThis partnership builds on an existing ad-hoc reinsurance arrangement between the two entities, which was in place for a major infrastructure project in Iraq in 2024. By combining Etihad Credit Insurance’s support for UAE-based exporters with Germany’s export credit guarantee system, this framework provides a robust structure for assessing and managing international projects that involve suppliers from both countries, ultimately fostering growth and diversification in the UAE’s non-oil exports.",
  "summary": "Dubai: UAE exporters could get greater support in managing the financial risks of international projects under a new cooperation framework signed between Etihad Credit Insurance and Germany’s Euler Hermes. The two export credit institutions have signed a Memorandum of Understanding that establishes a framework for long-term…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}