Etihad Credit Insurance (ECI), the UAE Federal export credit company, on Wednesday announced that it has awarded an advisory contract to Ernst & Young (EY), a global leader in assurance, tax, transaction, and advisory services.
“EY takes pride in contributing towards the vision of the UAE leadership and we look forward to making a positive difference through this strategic initiative at ECI, working together towards building a better working world,” commented Joe Murphy, EY’s managing partner for the UAE.
Under the deal, London-headquartered EY will provide its insights and quality services and solutions in the areas of strategy and operational transformation to the UAE’s federal agency.
This will support the country’s non-oil diversification strategy, according to ECI’s statement.
It will also strengthen the trust and confidence in ECI’s operations that support UAE companies through a range of export credit, financing, and investment insurance products.
“The collaboration between ECI and EY, known for its high-quality advisory services, technical excellence and broad understanding of financial and non-financial factors, is a crucial step towards this direction,” ECI CEO Massimo Falcioni stated.