LOC18:10
15:10 GMT
KUWAIT, May 16 (KUNA) -- Arab Investment & Export Credit Guarantee Corporation (Dhaman) signed a Memorandum of Understanding (MoU) with Austria's National Export Guarantee Agency (OEKB) to boost trade and investment insurance services between Arab countries and Austria.
The MoU was signed in the Norwegian capital, Oslo on the sidelines of the Berne Union meetings, by Hassan Hamdan, Director of Dhaman's Operations, and on behalf of OeKB both Markus Hoskovec, OeKB's Director-General, and Gerhard Kinzelberger, OeKB's Senior Director.
On this occasion, DAHMAN Secretary-General Ahmad Abdullah Al-Sabeeh said in a press statement Thursday that the signing of the MoU with the Austrian group, which specializes in financial and information services and export finance with estimated operations of about 29 billion euros, would promote Arab-Austrian cooperation.
He added that this cooperation would also lead to creating major opportunities to improve investment and trade relations between the two sides thanks to their varied productive and trade structures.
Based in Kuwait, the Arab Investment & Export Credit Guarantee Corporation (Dhaman) was established in 1974. It comprises as members all Arab countries and four joint Arab financial institutions. (end)
mka.mt