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8/1/24, 9:54 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 coo
Iraq, to support the 'Xport Xponential' initiative. Under the agreement, the bank will join the list of partners of the 'Xport Xpo
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 Xpon
businesses based in the UAE. It also gives us great pleasure to announce that the International Development Bank, the firs
cooperation will further improve trade relations between the two nations."

Dr. Ziad Khalaf Abed Kareem, Chairman of the IDB Borad, stated, "We, at the International Development Bank, are commit
landscape and helping build trade channels between the UAE and Iraq markets. Our goal is to use this partnership to enco
and trade operations into previously untapped markets."
As one of the partners in the 'Xport Xponential' initiative, the International Development Bank will now offer additional fundin
development of credit solutions by providing businesses with access to the markets of Iraq and CEPA countries. The agree
export routes that link them, especially since the UAE-Iraq trade volume exceeds US$27 billion annually. Notably, the Intern
nations in just its first two years of operation in the United Arab Emirates.

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