Page 40 - ETIHAD CREDIT INSURANCE PR REPORT - JULY 2024

8/5/24, 9:12 AM ECI partners with IDB to support UAE exporters - BCR Publishing
ECI partners with IDB to support UAE

exporters

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. By signing 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.

Her Excellency 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 Board of International Development Bank, 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 Iraq markets. Our goal is to use this partnership to encourage
businesses in both nations to capitalise on this revolutionary initiative and expand their export and
trade operations into previously untapped markets.”

As one of the partners in the ‘Xport Xponential’ initiative, the International Development Bank will now
offer additional funding opportunities for export and re-export companies in the UAE. The agreement

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