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8/1/24, 9:53 AM ECI, IDB sign cooperation agreement to support 'Xport Xponential' initiative
ECI, IDB sign cooperation

agreement to support 'Xport

Xponential' initiative

WAM
31 Jul 2024, 20:34 GMT+10

ABU DHABI, 31st July, 2024 (WAM) -- 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. Under 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.

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."

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