home / News & Media / Dhaman Publish its Third Quarterly Bulletin “Dhaman Al-Istithmar” #3-2022
Kuwait: 28-10-2022
The Arab Investment and Export Credit Guarantee Corporation (Dhaman) has revealed that the value of outstanding commitments for insuring investments, financing, and exports to Arab countries against commercial and political risks has decreased by 1% to reach $219 billion by the end of 2021, representing approximately 7.4% of total global commitments for the same year.
The corporation explained in a press release on the occasion of the publication of the 3rd quarterly bulletin for 2022, that the new commitments to ensure finance and exports to Arab countries (Imports) against trade and political risks decreased slightly by 0.1% in 2021 to $100.6 billion, even though the economic performance improved in most Arab countries, the return of activity in the production and service sectors, the Arab trade recovery, and the marked rise in FDI flows to Arab countries in 2021, these commitments covered about 10.4% of total Arab merchandise imports for the same year.
In the editorial of bulletin, the corporation said that within the framework of monitoring and follow-up in depth on market developments and on the trade and investment insurance sector globally and regionally, and in cooperation with the Berne Union, it has monitored the main features and details concerning the sector of investment, finance, and exports to Arab countries insurance, as follows:
Furthermore, the corporation affirmed its willingness to follow closely the major global challenges due to the Russian-Ukrainian war, the increase in tensions in several regions of the world, the disruption of global supply chains, the rising of inflation rates, price levels and the change in the structure and nature of trade and investment transactions, as well as high levels of political and commercial risks, which are key guiding insurance elements cross-border transactions.
In this context, the corporation affirms its endeavor to strengthen its capabilities to meet existing and potential challenges and strengthen its alliances with the most important regional and international players in the insurance industry, including Berne Union, Aman Union and all export and investment insurance agencies in the region and in the world.
Given its experience in the markets with total transactions exceeding $23 billion, the corporation will continue to support exporters and investors in the region by securing their operations against political and commercial risks for the benefit of the various parties and the economies of the member countries.