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8/2/24, 1:10 PM ECI, IDB sign cooperation agreement to support ‘Xport Xponential’ initiative – The UAE Press
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July 31, 2024
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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