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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

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