The UAE is bidding to host the first branch of the International Islamic Trade Finance Corporation (ITFC), a major lender to companies and governments involved in trade deals across the Islamic world.
The effort comes as the Islamic Development Bank (IDB), the parent organisation of the ITFC, seeks to encourage closer working among its various financial arms. The UAE already hosts the regional office of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), another unit of the bank………………………………………..Full Article: Source