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8/1/24, 9:46 AM Etihad Credit Insurance and International Development Bank sign cooperation agreement to support ‘Xport Xponential’ initiative - Mid…

Etihad Credit Insurance and International

Development Bank sign cooperation agreement to

support ‘Xport Xponential’ initiative

By Middle East News 247 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 International Development Bank are committed to further strengthen our presence and contributions to
the UAE’s and the region’s trade and export landscape and helping build trade channels between the UAE

and Iraq markets. Our goal is to use this partnership to encourage businesses in both nations to capitalise on
this revolutionary initiative and expand their export and trade operations into previously untapped markets.”

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