KUWAIT: Kuwait-based Arab Funding & Export Credit score Ensure Company (Dhaman) signed a memo of figuring out (MOU) with Export Credit score Greece (ECG) for bilateral cooperation and trade of knowledge to advertise industry and funding between Kuwait and Greece. The MOU was once signed through Director-Normal Abdullah Ahmad Al-Sabeeh on behalf of the Company, and Greek Deputy Overseas Minister for Financial International relations and Openness Konstantinos Fragkogiannis on behalf of Export Credit score Greece (ECG).
The company’s director-general welcomed cooperation with the Greek company, and the signing of the MOU, stressing Dhaman’s willingness to support its function in selling overseas investments in Kuwait and Arab international locations, and boosting the exports of Kuwait and Arab Member States International locations to other global international locations international.
Al-Sabeeh identified that the MOU objectives at selling and bolstering industry members of the family between Kuwait and Greece, exchanging knowledge on current, greenfield and attainable overseas direct funding ventures, and exploring mutual alternatives in insurance coverage, reinsurance and joint insurance coverage services and products for export and funding.
He added that it the MOU could also be intended to switch industry and credit score knowledge on Kuwaiti and Greek funding, industry and insurance coverage companies, and to percentage experience and the most productive practices in industrial credit score and political possibility underwriting, possibility control, nation possibility ranking, and paid and recovered compensations claims and recoveries.
For his phase, Greek Deputy Overseas Minister for Financial International relations and Opening Openness Kostas Fragkogiannis welcomed the signing of the MOU with the Arab Funding & Export Credit score Ensure Company, stressing the importance of marketing industry and funding cooperation between Kuwait and Greece.
He mentioned that the Export Credit score Greece (ECG) was once established on March 31, 2022, with the purpose of marketing nationwide exports and serving Greek exporters in the course of the insurance coverage of export credit score and fiscal and consulting services and products and strengthening world partnerships. He added that the ECG seeks to construct cooperation with different export credit score ensure companies at the foundation of mutual passion and for the good thing about its shoppers.
Fragkogiannis affirmed that the company is raring to place the MOU in position, thus reflecting definitely on bilateral cooperation within the spaces of credit score and political possibility insurance coverage industry, funding and insurance coverage, mentioning mutual willingness to increase the scope of cooperation someday to incorporate joint ventures in different Arab international locations thru joint credit score insurance coverage, parallel insurance coverage, reinsurance or technical cooperation.
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