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Ministry of Information, Eritrea
Source: Ministry of Information, Eritrea |

Regular meeting of the National Insurance Corporation of Eritrea

Board Chairman of the Corporation, reported that in 2022 the corporation had registered a growth of 8% and called for reinforced efforts to develop the agricultural project in Shambuko

The National Insurance Corporation of Eritrea held its 19th regular meeting on June 3 at the Asmara Palace Hotel. Mr. Gebrebrhan Mihreteab, Board Chairman of the Corporation, reported that in 2022 the corporation had registered a growth of 8% and called for reinforced efforts to develop the agricultural project in…

World Food Programme (WFP)
Source: World Food Programme (WFP) |

United States and World Food Programme (WFP) help build resilience in Zimbabwe's rural communities

The contribution, provided through the United States Agency for International Development (USAID), comes at a critical time in Zimbabwe

The United Nations World Food Programme (WFP) today welcomes an US$8.7 million contribution from the United States to power its resilience building activities for more than 65,000 people in five food insecure communities for the next six months. The contribution, provided through the United States Agency for International Development (USAID),…

Energy Capital & Power

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    • The Role of Angolan Banks, Insurers in the Rise of Local Exploration and Production (E&P) Players
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Source: Energy Capital & Power |

The Role of Angolan Banks, Insurers in the Rise of Local Exploration and Production (E&P) Players

Recent reforms and an economic resurgence in Angola’s financial landscape have resulted in new opportunities for local banks and insurers to play a stronger role in financing the country’s strategic oil industry

As the primary driver of its economy, the local content regime for the oil and gas sector in Angola is heavily dependent on a robust and efficient financial sector. Exploration and production (E&P) of the country’s oil and gas resources has set the stage for strong economic outlook for Angola,…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs a €36m Sovereign Non-payment Insurance with Société Générale and Standard Chartered Bank (Hong Kong) Ltd to Cover Various Infrastructure Projects
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs a €36m Sovereign Non-payment Insurance with Société Générale and Standard Chartered Bank (Hong Kong) Ltd to Cover Various Infrastructure Projects

The signing ceremony was held at the Ritz Carlton Hotel in Jeddah, Saudi Arabia, on the sideline of the IsDB Group Annual Meeting

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), the Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of additional €36 million uplift to the existing €146 million Non-Honouring Sovereign Financial Obligation (NHSFO) Insurance Policy with…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs Memorandum of Understanding with the Arab Contractors to Facilitate the Promotion of Green and Sustainable Transport, Urban and Social Infrastructure
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs Memorandum of Understanding with the Arab Contractors to Facilitate the Promotion of Green and Sustainable Transport, Urban and Social Infrastructure

The MoU aims to provide a general framework to facilitate co-operation between ICIEC and the Arab Contractors in promoting green, resilient and sustainable infrastructure

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), the Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, signed a memorandum of understanding (MoU) with the Arab Contractors (AC). The MoU was signed by Mr. Oussama Kaissi, CEO of ICIEC, and Mr.…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Signs Landmark Bank Guarantee Cooperation MoU with Fonds Africain de Garantie et de Coopération Economique (FAGACE)
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Signs Landmark Bank Guarantee Cooperation MoU with Fonds Africain de Garantie et de Coopération Economique (FAGACE)

This MoU aims to facilitate the cooperation between ICIEC and FAGACE, with a view to increasing the foreign and domestic direct investments towards member countries common to both institutions

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), the Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, signed a landmark MoU with Fonds Africain de Garantie et de Coopération Economique (FAGACE) – the African Guarantee and Economic Cooperation Fund. The MoU…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs a US$15m Documentary Credit Insurance Policy Agreement with Saudi National Bank for LC Confirmations to Issuing Banks in Saudi and ICIEC Member States
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs a US$15m Documentary Credit Insurance Policy Agreement with Saudi National Bank for LC Confirmations to Issuing Banks in Saudi and ICIEC Member States

The signing ceremony was held at the Ritz Carlton Hotel in Jeddah, Saudi Arabia, on the sideline of the IsDB Group Annual Meeting

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), the Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of a US$15 million Documentary Credit Insurance Policy (DCIP) with the Saudi National Bank (SNB). The signing ceremony…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs a $11m Contract Frustration Insurance Policy with Boksalis for Dredging Projects in Bahrain
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs a $11m Contract Frustration Insurance Policy with Boskalis for Dredging Projects in Bahrain

The signing ceremony was held at the Ritz Carlton Hotel in Jeddah, Saudi Arabia, on the sideline of the IsDB Group Annual Meeting

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), the Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of a US$11 million Contract Frustration Insurance Policy (STP-CF) with Boskalis Westminster Contracting Limited (BWCL). The signing ceremony…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs a US$25m Contract Frustration Insurance Policy with Boksalis for Dredging Project in the United Arab Emirates (UAE)
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs a US$25m Contract Frustration Insurance Policy with Boksalis for Dredging Project in the United Arab Emirates (UAE)

The signing ceremony was held at the Ritz Carlton Hotel in Jeddah, Saudi Arabia, on the sidelines of the IsDB Group Annual Meeting

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), the Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is proud to announce the signing of US$25 million Contract Frustration Insurance Policy (STP-CF) with Boskalis Westminster Contracting Limited (BWCL). The signing ceremony was…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Honored with Global Trade Review (GTR) Leaders in Trade Award for Islamic Finance in Trade
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Honored with Global Trade Review (GTR) Leaders in Trade Award for Islamic Finance in Trade

The GTR Leaders in Trade Awards celebrate innovation, excellence, and growth in the trade, commodity, supply chain, and export finance markets, with a specific emphasis on Islamic finance

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), the insurance arm of the Islamic Development Bank (IsDB) Group, is proud to announce that it is the recipient of the prestigious Global Trade Review (GTR) Leaders in Trade Award for Islamic Finance in Trade. This esteemed…