From the Arab Spring to tightening global sanctions against Iran, risks in the Middle East have hampered trade deals in some parts of the region this year. The Dubai office of the Islamic Corporation for Insurance of Investments and Export Credit (ICIEC) will insure exports that otherwise might not be possible because of unwillingness by banks to supply finance.
Part of the Islamic Development Bank (IDB) Group based in Jeddah, ICIEC insures trade finance offered by banks to IDB's 40 member countries across the Islamic world, taking over exposure to the risk of default from the lender. It also insures political risks. (source)
