Euler Hermes Chairman: Gulf strategic growth area for Euler Hermes

   The figures were Wilfried Verstraete, Chairman of Euler Hermes group presence, which also announced over the Mediterranean from the company's regional growth strategy for the Middle East and Africa (DMARDs) at today's press conference in Dubai.

Verstraete said: "While the economic difficulties in the euro zone continue, Euler Hermes investments in growth markets, to bear fruit continue our total sales at the end of March 2013 619.300.000 €, up 5% over the first quarter of 2012, the Middle compared .. with America and Asia are the main driver of growth. "

He added that excellent results were also of DMARDs region, which rose 11% in Q1 2013 compared to the first Quarter of 2012 to receive.

"The future growth of the Euler Hermes is closely linked to the ability of the group to opportunities arising from changes in the global economy, including in the GCC context use," said Michele Pignotti, head of the region of DMARDs company. "2013 Euler Hermes development strategy for the region is a strong risk appetite and investment to promote credit insurance protects companies against unpaid invoices are based."

During the press conference, the GCC Falcioni said as an important crossroads in new global trade routes, because of its openness to trade.

"The GCC states actively invest in specialized services and innovative industries to prepare for a less dependent on reserves of natural gas and oil future," he said. "We are ready to attract new customers through a strategy of multi-channel sales in the six Gulf states, the interest and demand for credit protection seller based in domestic trade and increased exports."

Euler Hermes has its operations in Dubai in September 2007 developed in the United sponsored by Alliance Insurance PSC Arab Emirates including the Chairman of the Board is HH Sheikh Ahmed Saeed Al Maktoum. With operational offices in Jeddah and Riyadh, Euler Hermes is also in Bahrain, Kuwait, Oman and Qatar.

Euler Hermes is the main sponsor of the first peak of the trade credit insurance, which take place in Dubai on 23 to 25 September 2013.

About Euler Hermes
Euler Hermes is the worldwide leader in credit insurance and one of the leading companies in the fields of security and recreation. With 6,000 employees in over 50 countries, Euler Hermes offers a complete range of services for the management of B-to-B receivables management and had a consolidated turnover of

2400000000 € in 2012. Euler Hermes has developed a credit intelligence network to analyze the financial stability of 40 million businesses worldwide. The insured worldwide transactions in the amount of 770.000.000.000 € exposure group at the end of December 2012. Euler Hermes, subsidiary of Allianz, is listed on the NYSE Euronext Paris euros (ELE.PA) and AA-by Standard & Poor's.