Page 49 - ETIHAD CREDIT INSURANCE PR REPORT - JULY 2024

CEPA countries. The agreement also emphasises the strategic partnership between
the two countries, and promotes trade and export routes that link them, especially
since the UAE-Iraq trade volume exceeds USD 27 billion annually. Notably, the
International Development Bank has contributed at least10 per cent of the yearly
trade between the two nations in just its first two years of operation in the United
Arab Emirates.
Through this agreement, the International Development Bank now joins a number
of federal and local entities, including the Abu Dhabi Department of Economic
Development (ADDED), Khalifa Fund for Enterprise Development (KFED),
Department of Economy and Tourism in Dubai, Dubai Airport Freezone (DAFZ),
Sharjah Chamber of Commerce and Industry (SCCI), Ajman Economic Development
Department, Ras Al Khaimah Economic Zones (RAKEZ), and Fujairah Department of
Industry and Economy (IEDFUJ), as partners of the ‘Xport Xponential’ initiative. The
list also includes financial institutions such as the Emirates Development Bank
(EDB), Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), Dubai
Commercial Bank (CBD), Ajman Bank, The National Bank of Ras Al Khaimah
(RAKBANK), and Fujairah National Bank (NBF)

https://mid-east.info/etihad-credit-insurance-and-international-development-bank-sign-
cooperation-agreement-to-support-xport-xponential-initiative/