ICIECIslamic Corporation for the Insurance of Investments and Export Credit
References in periodicals archive ?
Kaissi, Chief Executive Officer of ICIEC, said, "our concerted implementation of the strategy is clearly reflected in the figures.
ICIEC signed a cooperation protocol with the Ministry of Industry to study insurance of long-term and mid- term export projects and open new Egyptian markets in Africa.
The policy will help Apicorp effectively manage risks affecting its letter of credit (LC) transactions and LCs of petroleum products exports in ICIEC member countries.
The DCIP will help the bank effectively manage risks affecting its Letter of Credit (LC) transactions and LCs of petroleum products exports in ICIEC member countries, said a statement from Apicorp, which is 17 per cent owned by the UAE government.
ICIEC is also in the process of launching a Sukuk Insurance Policy, which will provide insurance cover to investors initially in sovereign Sukuk and later in other Sukuk; and a Bank Master Policy for Istisna Financing, which will protect Islamic banks against non-payment risks of obligors in Istisna financing structures especially related to the construction and project industry.
The agency agreement was signed between Eximbank Chairman Hayrettin Kaplan and ICIEC CEO Dr.
Souza, Chief Commercial Officer; Hany A Ellatief, Credit Insurance Manager; Mohammed Feras Al Hamwi, Sales Manager; Dr Abdel Rahman Taha, ICIEC General Manager, and Khemais El-Gazzah, ICIEC Director.
ICIEC opens office in Dubai International Financial Centre
Under the agreement, ICIEC will reinsure commercial and political risks related to medium/long term export credit transactions, which involve Korean exporters and contractors selling capital goods and services to ICIEC member countries.
The CEO of ICIEC, Oussaama A Kaissi said, "We will openly coordinate with the investors who are interested to invest in Indonesia, and will offer protection through export credit insurance.
ICIEC CEO Osama Abdul Rahman Kaissi said the value of the credit-financing package corporation amounted to $5.
Hani Salem Sonbol, acting CEO of ICIEC, and Masahiko Oshima, CEO of SMBC Europe, sign the MOU.