The Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC) (http://ICIEC.IsDB.org) has signed a Memorandum of Understanding (MoU) with the Arab Republic of Egypt and the Federation of Egyptian Industries (FEI) to facilitate co-operation and promote commerce and funding alternatives for Egyptian industries.
Below the settlement – the Framework Cooperation on Commerce and Funding – the events will present skilled illustration and advocacy of Egyptian industries’ pursuits each regionally and globally, in addition to a daily alternate of important info, data, advisory and session companies.
The cooperation beneath the MoU will even prolong to coaching and capability constructing alternatives to create consciousness of ICIEC’s added worth in threat mitigation and credit score enhancement, organise joint seminars, conferences and workshops; and another actions and programmes of mutual curiosity which the events might collectively devise.
The MoU was signed by Oussama. Kaissi, CEO of ICIEC, and Mohamed Zaki El Sewedy, Chairman of the FEI.
Oussama Kaissi, CEO of ICIEC, mentioned: “ICIEC is happy to announce a brand new framework settlement with FEI which can foster elevated commerce and funding alternatives for Egyptian importers and exporters. This MoU is paramount to additional the cooperation between ICIEC and Egyptian companies going ahead.”
Distributed by APO Group on behalf of Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC).
Rania Binhimd, Communications Planner
E-mail: [email protected]
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The Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC) is the insurance coverage arm of the Islamic Improvement Financial institution (IsDB) Group. The Company is uniquely the biggest Shariah-compliant multilateral insurer on the earth and has led from the entrance in offering a complete suite of insurance coverage options to corporations and events in its 48 Member States. ICIEC was established in 1994 with the mandate to strengthen financial relations between OIC member international locations and to advertise intra-OIC commerce and investments by offering Shariah-compliant threat mitigation instruments and monetary options. ICIEC has for the 14th consecutive 12 months earned an “Aa3” insurance coverage monetary power credit standing from Moody’s, rating the Company among the many high of the Credit score and Political Threat Insurance coverage (CPRI) Business. ICIEC’s resilience is underpinned by its sound underwriting, reinsurance, and threat administration insurance policies. Cumulatively, ICIEC has insured greater than US$ 83bn in commerce and funding and US$2.2 bn in assist of FDI at finish of 2021. Its actions have been directed to particular sectors together with banking, power, manufacturing, infrastructure, healthcare, and agriculture. For extra info, go to: http://ICIEC.IsDB.org
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