Page 57 - ETIHAD CREDIT INSURANCE PR REPORT - JULY 2024

8/1/24, 9:44 AM ECI, IDB to support 'Xport Xponential' for enhancing trade
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, commented that, “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

capitalize on this revolutionary initiative and expand their export and trade
operations into previously untapped markets.”

The agreement also highlights the strategic partnership between the UAE and

Iraq, boosting trade and export routes that connect them. The annual UAE-Iraq

trade exceeds $27 billion. The IDB has significantly contributed to this trade

volume, accounting for at least 10 percent of the yearly trade in the first two years

of its operation in the UAE.

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