Page 62 - ETIHAD CREDIT INSURANCE PR REPORT - JULY 2024

8/1/24, 9:45 AM Latest News

Etihad Credit Insurance and International

Development Bank sign cooperation agreement to

support ‘Xport Xponential’ initiative

01/08/2024

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. 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 Borad of International Development Bank, stated: “We at the

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