Abu Dhabi is to establish a new agency to provide cheap credit for exports by the end of the year modelled on the US Export-Import Bank, the bank at the centre of controversy over subsidies to Gulf airlines for the financing of purchases of Boeing aircraft, according to The National today.
This new Abu Dhabi export promotion agency would provide financial support and advice to local companies planning to export goods and services. That might well include airlines like Etihad and Emirates looking to export their services to new destinations.
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