Etihad Credit Bureau has strengthened its data ecosystem by forming strategic partnerships with government entities, enhancing its credit reports to offer a more comprehensive and verified view of corporate risk profiles.
The latest update integrates new data from UAE’s Ministry of Foreign Affairs (MOFA), the Ministry of Human Resources and Emiratisation (MOHRE), and Abu Dhabi Pension Fund (ADPF), enhancing the Bureau’s ability to provide deeper insights into corporate payment behavior, driving informed decisions, trust, and economic stability.
The new data points added to company credit reports offer valuable indicators from several government entities.
From UAE MoFA, the Bureau now includes data on payment behavior related to delays in attesting invoices and any associated penalties, enhancing insights into trade-related financial obligations.
In collaboration with MoHRE, the Bureau introduces company-level behavioral indicators, such as delays in settling administrative fines, non-compliance with Emiratisation requirements, unpaid WPS wages, failure to meet pension contributions with the General Pension and Social Security Authority, and the classification of entities, including fraudulent establishments.
Partnering with ADPF, the Bureau has integrated data showing outstanding pension contributions and the number of days overdue for companies failing to meet their obligations.
“Establishing strategic and integrated partnerships with various government and private sector entities reflects the Ministry’s commitment to the objectives of the Zero Government Bureaucracy Programme, advancing digital transformation, and developing a comprehensive national government data ecosystem. This ecosystem enables the secure and reliable exchange of service-related data among relevant entities, enhances government efficiency and improves the quality of government services delivered to customers.”
Khalil Khoori, Under-Secretary of Labour Market and Emiratisation Operations at MoHRE, stated that, “This cooperation affirms the Ministry’s commitment to enhancing integration and coordination with its strategic partners, particularly through the exchange of data and reliable information that provide an objective view of the labor market, thereby supporting its efficiency and competitiveness and reinforcing the UAE’s leading global position as an ideal destination to live, work, and invest.”
Marwan Ahmad Lutfi, Director General of Etihad Credit Bureau, commented that, “At Etihad Credit Bureau, we are actively working with government entities to integrate a wider array of data sources to include financial obligations from non-banking sectors which in turn will further cement the importance of the company credit report in assessing company payment risks.”
