|Trating launched in the Sultanate of Oman
COFACE Group in association with the Export Credit Guarantee Agency of the Sultanate of Oman launched the trating product on 21st March at the Inter-Continental Hotel in Muscat. The introduction of trating was presented by Ms. Dominique Tuffrau - the Managing Director of International Development Department and detailed demonstration followed as presented by Mr. Vincent Bouix, the Managing Director of COFACE Group Data Management. The launching was well received by the audience which included exporters, banks, companies and other business establishments. The trating solution provides visibility to companies to attract potential trading partners as well as inspire confidence, insure security and confidentiality of the transaction. During the launching, Majan Brokerage House (MBH) became the first Omani Company to be awarded the quality @rating label certificate. Companies in Oman can avail @rating services through the Export Credit Guarantee Agency’s website at www.ecgaoman.com which is linked with www.cofacerating.com.
Omani non-oil exports increased
As per the statistical exports data obtained from the Foreign Trade Statistics of the Royal Oman Police, the total non-oil exports during the year 2000 amounted to RO.746.4 million compared to RO 656.7 million for the year 1999. Excluding re-exports, Omani non-oil exports were RO.247.8 million in 1999 compared to RO 201.4 million. This represents remarkable increases of 23%.
Meeting of ECAs and the Secretariat of the Berne Union in Zagreb - Croatia
The meeting between ECAs and the Secretariat of the Berne Union – the International Union of Credit and Investment Insurers will be held in Zagreb – Croatia from 13th to 16th of May 2001. The Export Credit Guarantee Agency which has been admitted as an Observer since 1999 will participate in the meeting. The meeting and workshops will review and discuss a number of issues including underwriting matters, development and business trends of members, domestic credit insurance, premium systems, rules and regulations as well as recent developments in the credit insurance business.