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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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