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8/5/24, 9:11 AM ECI, IDB sign cooperation agreement - GulfToday
ECI, IDB sign cooperation
agreement
02 Aug 2024
Top officials during the signing ceremony.
Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a cooperation
agreement with the International Development Bank (IDB), the largest banking network in
Iraq, to support the ‘Xport Xponential’ initiative. Under the agreement, the bank will join the list
of partners of the ‘Xport Xponential’ initiative, launched by ECI in May with the goal of
empowering UAE-based companies that operate in the industrial, export, and re-export
sectors.
Raja Al Mazrouei, CEO of Etihad Credit Insurance, said, “This partnership represents a
valuable addition to the ‘Xport Xponential’ initiative, as it supports both parties in their efforts
to facilitate trade and economic activities of businesses based in the UAE. It also gives us
great pleasure to announce that the International Development Bank, the first Iraqi bank with
operations in the UAE, will be joining the initiative. We are confident that our mutual
cooperation will further improve trade relations between the two nations.”
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