UAE-Germany Union Credit Pact
The "Union for Export Credit" has signed a Memorandum of Understanding with the German company "Yoller Hermès" to enhance cooperation between the UAE and Germany in supporting and developing export projects and infrastructure internationally. The memorandum focuses on providing a framework for reinsurance and reducing risks associated with export transactions between the two countries, with the potential to expand into other markets. This partnership comes amid the growing importance of the Gulf region in export credit insurance, as the coverage for regional projects under the German program reached approximately €1.4 billion in 2025, doubling the amount from the previous year. This reflects the deep economic ties and future collaboration between the UAE and Germany.
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