Data issued by the Arab Investment and Export Credit Guarantee Corporation (Daman) showed a growth in the value of outstanding commitments to secure investment, finance, and exports directed to the Arab region by 7 percent to reach about $ 260 billion by the end of last year. According to the report, these commitments represent about 8 percent of the global total.
According to the institution, these liabilities were distributed by 83 percent for export credit insurance destined for the region, 8 percent for insurance against political risks, and 9 percent for other cross-border insurance operations.
The new operations to secure investment, financing, and exports to Arab countries (imports) increased by 17 percent last year to exceed $ 121 billion, and insured imports by 9 percent of total Arab merchandise imports.
Source (Al-Arab Newspaper of London, Edited)
