Page 56 - ETIHAD CREDIT INSURANCE PR REPORT - JULY 2024_Neat
P. 56

8/1/24, 9:44 AM                             ECI, IDB to support 'Xport Xponential' for enhancing trade
        ECI, IDB partner to support ‘Xport


        Xponential’ for enhancing trade




         Wed, 31 Jul, 2024      By News Desk, GCC Business News


                                                                                  Image Via: WAM | Cropped by GBN



        Etihad Credit Insurance (ECI), the UAE Federal export credit company, and

        International Development Bank (IDB), Iraq’s largest banking network, have

        entered into a partnership to support the ‘Xport Xponential’ initiative.



        The ECI’s Xport Xponential initiative was launched in May with an aim to

        empower UAE based companies operating in the industrial, export and re-export

        sectors. With this agreement, IDB will join the list of partners of the “Xport

        Xponential”.




        As a partner, IDB will provide financial opportunities for export and re-export

        companies in the UAE. By opening up access to markets of Iraq and CEPA

        countries, this agreement promotes the development of credit solutions.







                  “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                      Raja Al Mazrouei,
                                                                                     CEO – Etihad Credit
                                                                                     Insurance
                    announce that the International Development

                   Bank, the first Iraqi bank with operations in the UAE, will be joining








      https://www.gccbusinessnews.com/eci-idb-to-support-xport-xponential/                                          1/2
   51   52   53   54   55   56   57   58   59   60   61