Islamic insurance body visits Libya

A delegation from the Islamic Corporation for Insurance and Investment, part of the Islamic Development Bank (IDB), has visited the Libyan Exports Development Centre.

The Libya Herald reports the delegation was met by the director of the centre, Ali Owheyda, and the head of its exporters’ support office. The visit aimed at finding ways of helping Libya benefit from international institutions in order to develop local creativity and experience in exports.

Libya signed an Memorandum of Understanding with the Jeddah-based IDB on 12 March 2012, during a visit by its President, Ahmed Mohamed Ali. Under the agreement signed by Interim Prime Minister Abdurrahim El Keib and the IDB chief, working groups are to be set up to address infrastructure, housing, Islamic banking and training partnerships between Libya and IDB member states.

(Source: CPI Financial)


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