Page 38 - ETIHAD CREDIT INSURANCE PR REPORT - JULY 2024

8/5/24, 9:12 AM ECI, IDB Sign Cooperation Agreement To Support ‘Xport Xponential’ Initiative - Finance 360
ECI, IDB Sign Cooperation Agreement To Support ‘Xport

Xponential’ Initiative

ABU DHABI, 31st July, 2024 (WAM) — 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.”

Dr. Ziad Khalaf Abed Kareem, Chairman of the IDB board, stated, “We, at the International

Development Bank, are committed to further strengthen our presence and contributions to the UAE’s

and the region’s trade and export landscape and helping build trade channels between the UAE and

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