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Database debut for MENA

05The Aman Union Database has now been launched by Dr Abdel Rahman El-Tayeb Taha, the Secretary General of the Aman Union, who is also the chief executive officer of the Islamic Corporation for the insurance of Investment and Export Credit Insurance (ICIEC), and  Abdulaziz Bin Nasser Al-Khalifa, chief executive officer of Qatar Development Bank.

The event took place in Doha in the presence of more than 80 representatives from 20 countries representing ECAs, credit information agencies, reinsurance brokers, banks and debt collection agencies attending the fourth annual meeting of the Aman Union, hosted by Qatar Development Bank at the Renaissance Doha City Centre Hotel in Qatar last December.

The database is the first of its kind in the MENA region, established for the benefit of national export credit insurance agencies and will enable the subscribers to share and purchase credit information reports and credit opinions on entities worldwide and to exchange their underwriting experience on buyers and banks.

Dr Abdel Rahman El-Tayeb Taha, said, “We are confident that the database will help in solving the issue of reliability of credit information in the region.”

The meeting also consisted of a number of sessions and seminars on recent issues and challenges faced by the credit and political risks insurance sector on different levels, and means to develop procedures and systems to enhance relationships between stakeholders.

Abdulaziz Bin Nasser Al-Khalifa said, “We are glad to announce that the meeting was a huge success; it represented to us a unique opportunity to exchange experiences and talk about the most important issues and challenges in the risks insurance sector in the presence of esteemed international experts in the industry.

“The importance of organising such events lies in connecting all parties, keeping them informed about the ramifications and effects of global economic conditions regarding the insurance industry, and exploring new products and experiences in the sector. This will enable us all to expand the scope of mutual co-ordination, develop bi-lateral relationships, and strengthen joint co-operation between member states in the union.”

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