The Islamic Corporation for Insurance of Investments and Export Credits (ICIEC) will organize two high-level side events to discuss climate action and digital transformation during the ISDB Group Private Sector Forum in Egypt


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The Islamic Corporation for Insurance of Investments and Export Credits (ICACE) (https://ICIEC.IsDB.org) is organizing two special side events on June 2 and 3, during the IDB Group Private Sector Forum, which will take place during the 47th Annual Meetings of the IDB in Sharm el-Sheikh, Egypt.

Both talks with experienced speakers will delve deeper into climate action and digital transformation. They will provide a good opportunity to network with IsDB Group Member States, especially Egypt, as it brings digitalization and climate action into play to achieve its own development goals as part of its bold Egyptian Vision 2030:

To guarantee your participation in these prestigious events, please register now via the link below: https://IsDBg-psf.org/

June 2 [14:00-15:00] – How digital transformation can support finance and investment

Join high-level speakers discussing the digital transformation of business communities in Member States, with a particular focus on ICIEC’s initiative for the establishment of the OIC Business Intelligence Center (OBIC).

The importance of the digitalization of trade and commerce is paramount, not least because it can help improve supply chain management, vital in times of geopolitical change, and can also be used to improve transparency and fight against bad practices. Digitization of the global trade ecosystem has long been a goal, but there have been tangible developments in the region, including the adoption by some players of new enabling framework legislation (such as under UNCITRAL) , which shows progress in the digitization of physical commerce, vital in the modern economy.

June 3 [11:05 – 12:05] – How credit and political risk insurance can help facilitate climate action

This session highlights how CPRI insurance can help facilitate climate action and will showcase ICIEC’s latest initiatives for climate action, and showcase and share experiences, transactions and partnerships in Member States. The discussion will engage private sector actors from Member States on the solutions and services provided by ICIEC for climate action, in service of Member States’ ESG programs. This discussion will highlight initiatives that will help Egypt achieve its Vision 2030 goals with particular respect for the environment.

“We are delighted to host these two side events in Egypt. ICIEC’s participation in the Private Sector Forum will provide an excellent opportunity to engage with the private sector in our Member States and the wider global community and help invigorate private sector partnerships at high levels, through digitalization and solutions for climate action,” said Mr. Oussama KAISSI, CEO. of ICIEC.

For the chance to participate in both or either session, please register via: https://IsDBg-psf.org/

Distributed by APO Group on behalf of the Islamic Corporation for Insurance of Investments and Export Credits (ICIEC).

Media Contact:
Rania Binhimd
Communications Planner
E-mail: [email protected]

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About ICIEC:
The Islamic Corporation for Insurance of Investments and Export Credits (ICIEC) is the insurance branch of the Islamic Development Bank Group (IDB). The Company is the largest Shariah-compliant multilateral insurer in the world and has led the way in providing a comprehensive range of insurance solutions to businesses and parties in its 48 member states. ICIEC was established in 1994 with a mandate to enhance economic relations among OIC member countries and promote intra-OIC trade and investment by providing risk mitigation tools and financial solutions in line with Sharia. ICIEC has been awarded an “Aa3” insurance credit rating by Moody’s for the 14th consecutive year, ranking the Company among the best in the credit and political risk insurance (CPRI) industry. ICIEC’s resilience is underpinned by its strong underwriting, reinsurance and risk management policies. Cumulatively, ICIEC secured more than $83 billion in trade and investment and $2.2 billion in FDI support by the end of 2021. Its activities were directed to specific sectors, including banking, l energy, manufacturing, infrastructure, health and agriculture. For more information visit: http://ICIEC.IsDB.org

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been verified or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.