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8/5/24, 9:12 AM ECI partners with IDB to support UAE exporters - BCR Publishing
further advances the development of credit solutions by providing businesses with access to the
markets of Iraq and 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 US$27bn annually. Notably, the International Development Bank has
contributed at least 10 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)

Source: ECI

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