Intra-Arab trade, finance and investment insurance services amounted to roughly three billion US dollars in 2022, up 44 percent over 2021’s figure, said an Arab Investment and Export Credit Guarantee Corporation (Dhaman) board member Saturday.
This figure has brought the insurance total since the corporation was created in 1974 up to around USD 26 billion, Dhaman Board Member Ambassador Jamal Al-Ghanim told KUNA on the sidelines of the annual meetings of Arab financial institutions, which kicked off in Rabat, Morocco, earlier in the day.
He added that Kuwait-based Dhaman plays a significant role in promoting investment, providing guarantee services against commercial and non-commercial risks and guaranteeing finance, trade and investment in Arab countries.
He noted that many exporters, investors and financial institutions in Arab and foreign countries benefit from the corporation’s financing operations and guarantee and reinsurance contracts.
The annual meetings of Arab financial institutions attracted the participation of Arab delegations, including Kuwait, representing the ministries of finance and economy, and governors of central banks as well as senior officials.
Source: Kuwait News Agency