Middle East

Page updated 25 Feb 2016

The following list of countries and territories in the Middle East shows their country risk classification and NZECO's indicative level of cover. The country policy applies primarily to NZECO's Short-Term Trade Credit and Export Credit Guarantee products.

Country Information

Country Information
Country Risk Rating Cover Status
Algeria 4 Limited Cover
Bahrain 4 On Cover
Egypt 4 Limited Cover
Iran 7 Limited Cover
Iraq 7 Limited Cover
Israel 2 On Cover
Jordan 5 On Cover
Kuwait 2 On Cover
Lebanon 7 Limited Cover
Oman 3 On Cover
Palestinian State 7 Limited Cover
Qatar 3 On Cover
Saudi Arabia 2 On Cover
Syria 7 Off Cover
United Arab Emirates 2 On Cover
Yemen 7 Off Cover


This Country Cover information describes the Export Credit Office's guiding cover-policy at the time of issue. The information does not necessarily reflect the present possibilities for cover. Before acting on the background of this material, the company/bank is requested to obtain further information from NZECO. If a country is not on the list, contact us.

Risk Rating
Each country is rated by the OECD on a scale from 0 to 7; with 0 for low financial risk and 7 for high financial risk. Ratings may change.
Cover Ratings
On Cover
NZECO is open for cover across the range of private and public buyers, subject to NZECO’s standard underwriting criteria for each transaction.
Limited Cover
NZECO is open for cover although this may be for a limited profile of buyers and/or only for transactions with shorter credit terms. NZECO may apply more stringent underwriting criteria and conditions of support. For example, any NZECO approval may require a higher level of risk sharing from the Insured and/or an extended claims waiting period.
Off Cover
With limited exceptions, we are off cover on all buyers in these countries.
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