Abu Dhabi fund allocates $200m budget for export financing

DUBAI: The Abu Dhabi Fund for Development (ADFD) allocated 735 million dirhams ($200 million) to support the country’s export economy, it said in a statement.
The budget allocation, which is up by a third from last year, goes to Abu Dhabi Exports Office (ADEX) – a state-owned credit facilities provider for foreign importers. It was established to boost and open new markets for UAE exports.