GLOBAL: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the IsDB Group, inked three deals to support initiatives in Nigeria, Oman and Turkiye. The deals include a EUR37 million (US$41.82 million) ‘Non‑Honoring of Sovereign Financial Obligations’ policy in support of an Islamic financing facility provided by UK’s Standard Chartered Bank for the Nakkas‑Basaksehir Motorway project in Turkiye. Additionally, a ‘Specific Transaction Policy’ for Royal Boskalis valued at US$40 million will help expand Oman’s logistics capacity by deepening navigation channels and enhancing jetty infrastructure to increase SOHAR Port’s throughput capacity. Finally, the collaboration with the Nigerian Export-Import Bank will help strengthen export credit and the investment insurance landscape.
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