IDB - IDB boosts financing cooperation with Turkish corporates

The Islamic Development Bank (IDB) latest $75 million line of financing to Turkiye Finans Participation Bank, one of the four participation (Islamic) banks in Turkey and in  which Saudi Arabia's National Commercial Bank has a controlling stake, underlines the proactive involvement of the multilateral development bank of the Muslim world in Turkey over the last three decades. (source)

EVENTS - AMAN UNION - Second Annual Meeting - 04-05 Oct 2011 (Istanbul Turkey)

Press release
AMAN UNION
Second Annual Meeting, 04 – 05 October, 2011
Istanbul, Republic of Turkey

Aman Union will organize its second annual meeting in cooperation with Türk Eximbank on the 04th and 05th October 2011 in Istanbul.

Eighteen ECAs from Member countries of the Union in addition to representatives of financial institutions, reinsurance, credit information and debt collection companies will attend the meeting which will address technical issues related to export credit and investment insurance in Arab and Islamic Member countries.

It is worthwhile mentioning that Aman Union was launched in Beirut in 2009 on initiative of the Arab Investment and Export credit guarantee Corporation “Dhaman” and the Islamic Corporation for the Insurance of Investment and Export Credit “ICIEC”. Aman Union aims at strengthening the cooperation channels amongst its members and contributing to the development of the industry of export credit and investment insurance in Arab and Islamic world. It also aims at developing and activating the role of Arab and Islamic Export Credit Agencies in supporting the economies of Member countries with the support of “Dhaman” and “ICIEC”.

Organized once a year in one of the member countries, Aman Union meeting is followed by credit insurance and reinsurance experts as well as financial institutions and beneficiates of wide media coverage. (source)

FINANCE - Islamic export credit, political risk insurance boost for ICIEC (aktifbank - bank asya - kuveyt turk)

One of the important issues on the agenda of the second annual meeting of the Aman Union, the organization of investment and export credit agencies in the Arab and

Islamic World, which is due to be held on Oct. 4-5 in Istanbul under the aegis of the Turk Eximbank, are the challenges facing the export credit insurance industry especially insuring risks in post-conflict countries and those undergoing economic and political transformation. (source)