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Islamic Development Bank Unit Will Open Regional Office in Dubai

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July 5 (Bloomberg) -- Islamic Development Bank, a Jeddah-based multilateral lender, will open a regional office for one of its units in Dubai, the United Arab Emirates’ Finance Ministry said.

The unit, the Islamic Corporation for the Insurance of Investment and Export Credit, will set up an office in the Dubai International Financial Center, according to a statement on the ministry’s website.

To contact the reporter on this story: Dana El Baltaji in Dubai delbaltaji@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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