AMAN UNION Launches its Database

During the 4^th Annual Meeting of the AMAN UNION

AMAN UNION Launches its Database

10 December 2013, 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 Mr. Abdulaziz Bin Nasser Al-Khalifa, Chief Executive Officer of Qatar Development Bank Launched today the AMAN UNION Database. The Database was lunched in Doha, Qatar in the presence of more than 80 representatives from 20 countries representing national ECAs, Credit Information Agencies, Reinsurance, Brokers, Banks and Debt Collection Agencies, attending the 4^th Annual Meeting of the AMAN UNION, hosted by Qatar Development Bank at the Renaissance Doha City Centre Hotel, Qatar from 9 – 11 December 2013.

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

Dr. Abdel Rahman El-Tayeb Taha, the CEO of ICIEC, in his capacity as the Secretary General of the AMAN UNION said “We are happy that Qatar witnesses the official launching of the AMAN UNION Database, which we are confident that the Database will help solving the issue of reliability of credit information in the region”. Dr. Taha extended invitations to the Export Credit Agencies in OIC member countries who are not currently subscriber of the Database, to join the Database in order to benefit from its services.

ABOUT AMAN UNION

The AMAN UNION was launched under the leadership of ICEIC, the Islamic Corporation for the insurance of Investment and Export Credit Insurance, an affiliate of the Islamic Development Bank based in Jeddah, and Dhaman, the Arab Investment and Export Credit Guarantee Corporation based in Kuwait. Thus, during the 1st Joint Meeting of Arab and Islamic ECAs held in Beirut, Lebanon on October 27-28, 2009. The Union is the first organization gathering investment and export credit agencies in the Arab and Islamic World under one umbrella, it aims at enhancing cooperation among Arab and Islamic export credit institutions and encouraging the development of investment and export credit insurance industry in its Member Countries. The Union also offers technical assistance to establish new agencies while also enhancing the insurance capacity of existing agencies. Including ICIEC and Dhaman, the Union currently has 17 members from more than 15 countries.