IslamicFinance.de

African Trade Insurance Agency (ATI) has partnered with Islamic Corporation for Insurance of Investments and Export Credit (ICIEC) to help traders cushion against political risks in North Africa.
The pact, with the Saudi Arabia-headquartered insurer, is expected to help traders doing business in the Muslim-dominated Northern Africa amidst ongoing political turmoil in the region.
Political upheaval that has seen governments in Tunisia and Egypt toppled and others like Libya and Yemen facing uprising has prompted reassessment of the region’s risk profile.
The political unrests that have also engulfed Bahrain have as well sent debt protection costs and yields on government debt up across the Gulf, the world’s top oil exporting region.