Page 58 - ETIHAD CREDIT INSURANCE PR REPORT - JULY 2024

8/1/24, 9:45 AM Etihad Credit Insurance and International Development Bank Ink

Etihad Credit Insurance and International

Development Bank Ink

JULY 31, 2024

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Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has signed a cooperation
agreement with the International Development Bank (IDB), Iraq’s largest banking network, to
bolster the ‘Xport Xponential’ initiative. This collaboration adds the IDB to the roster of partners
supporting the initiative, which ECI launched in May to empower UAE-based companies in the
industrial, export, and re-export sectors.
Her Excellency Raja Al Mazrouei, CEO of Etihad Credit Insurance, expressed her enthusiasm
about the partnership, stating, “This collaboration significantly enhances the ‘Xport Xponential’
initiative, aiding both organizations in facilitating trade and economic activities for businesses
based in the UAE. We are also delighted to welcome the International Development Bank, the
first Iraqi bank operating in the UAE, to this initiative. We are confident that our combined
efforts will strengthen trade relations between the two countries.”
Dr. Ziad Khalaf Abed Kareem, Chairman of the Board of International Development Bank,
highlighted the bank’s commitment to enhancing trade channels between the UAE and Iraq. He
remarked, “At the International Development Bank, we are dedicated to bolstering our presence
and contributions to the trade and export sectors of the UAE and the region. This partnership

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