President Ramaphosa calls for an end to Gaza conflict 

Source: Government of South Africa

President Ramaphosa calls for an end to Gaza conflict 

President Cyril Ramaphosa addressed the 80th United Nations General Assembly (UNGA) where he stressed the importance of taking action to stop the conflict in Gaza.

“Israel is committing genocide in Gaza. Just last week, the UN Independent International Commission of Inquiry found that Israel is responsible for the commission of genocide in Gaza. As Palestinians continue to face genocide and famine, we have a duty to act,” said the President in his address on Tuesday.

His remarks came in the wake of a report by the UN Independent International Commission of Inquiry that found Israel responsible for acts of genocide against Palestine.

President Ramaphosa emphasised the need for international cooperation and solidarity in addressing global challenges. 

Reflecting on the founding principles of the United Nations, he reminded the assembly that the organisation was established “to save succeeding generations from the scourge of war and build a peaceful, prosperous and just world arising from the devastation brought about by global conflict.”

He cited the UN Secretary-General António Guterres, who recently reported that global military expenditure has reached historic highs just as the world is falling behind on its core development promises.  
“We are building weapons when we should be building social infrastructure.  We must act decisively to silence all guns, everywhere, to realise the goal of sustainable development and global peace.” 

He stressed that it is essential now more than ever to uphold the values of the United Nations (UN). 
“We are called upon to advance cooperation and solidarity between nations,” he said as he highlighted South Africa’s commitment to eradicate poverty and inequality both domestically and across the African continent.

As South Africa gets ready to host the G20 Leaders’ Summit for the first time on African soil in November, President Ramaphosa emphasised the theme of this year’s presidency: “Solidarity, Equality, and Sustainability.”

He highlighted the ongoing challenges in achieving the Sustainable Development Goals, attributing the obstacles partly to the insufficient financial resources available in developing economies.

Many countries in the Global South, particularly in Africa, are grappling with high debts, which inhibit investments in health and education. 

“They are indebted and are paying more on debt servicing than they do on health and education,” Ramaphosa added, advocating for “fairer lending rules” to help these countries meet their development goals.

The President also highlighted the need for reform in international financial institutions to address global challenges better, emphasising that “the multilateral trading system needs to be reformed.”

Trade 

He reaffirmed the World Trade Organisation’s essential role in managing trade differences but expressed concern over geopolitical shocks and trade policy volatility threatening global economic stability.

“Unilateral trade practices and economic coercion have a detrimental impact on many nations,” he stated, specifically calling for an end to the long-standing economic embargo against Cuba, which he characterised as having caused “untold damage to the country’s economy over the years.”

On the other hand, the President pointed to the African Continental Free Trade Area as a model for sustainable economic growth and cooperation. 

He also announced the launch of an Extraordinary Committee of Independent Experts on Global Wealth Inequality, chaired by Nobel laureate Professor Joseph Stiglitz. 

This committee is tasked with delivering a report on global inequality to G20 leaders, signifying South Africa’s proactive approach to addressing pressing global economic disparities.

Climate change

Shifting his focus to climate change, the country’s Head of State warned that climate change is an existential threat. 

“We are failing future generations by our inability to reduce global warming.” 
He stressed that while Africa contributes least to climate change, it bears the brunt of its effects, witnessing extreme weather events that exacerbate food insecurity and displace populations. 

“Extreme weather events like floods and droughts are driving food insecurity, displacing populations, causing damage to infrastructure and leading to the unnecessary loss of livelihoods.”

He called Member States to honour their undertakings and commitments in line with the guiding principle of common but differentiated responsibilities and respective capabilities. – SAnews.gov.za
 

 

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Statement by President Cyril Ramaphosa on the occasion of the General Debate of the 80th Session of the United Nations General Assembly, United Nations, New York

Source: President of South Africa –

President of the 80th Session of the UN General Assembly, Ms Annalena Baerbock, 
United Nations Secretary-General, Mr António Guterres,
Excellencies, Heads of State and Government,
Ladies and Gentlemen, 

Eighty years ago, the United Nations was established to save succeeding generations from the scourge of war and build a peaceful, prosperous and just world arising from the devastation brought about by global conflict. 

Through the UN Charter, the nations of the world pledged to uphold peace, development and human rights underpinned by international law. 

Now more than ever, we are called upon to uphold the values and advance the purpose of the United Nations. 

We are called upon to advance cooperation and solidarity between nations. 

We are called upon to promote multilateralism and safeguard the institutions that enable it. 

South Africa’s engagement in the international sphere echoes our domestic imperatives of eradicating poverty, reducing unemployment and addressing the root causes of inequality. 

Our foreign policy is guided not only by the needs of our people, but also those of the continent of Africa and the Global South. 

Inspired by our own history, South Africa strives to maintain world peace and the settlement of all international disputes through negotiation and dialogue, not war. 

We therefore welcome the strong partnership between the African Union and the United Nations in promoting peace, security and stability on the African continent. 

This year, South Africa is honoured to preside over the G20. 

This is the first time that the G20 Leaders’ Summit will be held on the African Continent, the Cradle of Humankind. 

South Africa’s G20 Presidency is guided by the theme of Solidarity, Equality and Sustainability. 

As Member States of the United Nations, we adopted the Sustainable Development Goals. 

Many of these goals remain elusive. 

There are many reasons that hold many countries from fulfilling and implementing these development goals. Some of the reasons are lack of sufficient financial resources. 

Many countries with developing economies, especially in Africa, do not have adequate capital to finance their development goals. They are indebted and are paying more on debt servicing than they do on health and education. 

Yet through global solidarity, by having fairer lending rules especially for several countries of the Global South, we can achieve our shared commitment. 

Through the G20 process we are working towards consensus on how this problem can be tackled, including the reform of international financial institutions, particularly multilateral development banks, to better tackle global challenges. 

The multilateral trading system needs to be reformed as we re-confirm that the World Trade Organisation remains the only multilateral body capable of managing differences and coordinating positions in global trade. 

Trade is one of the most important instruments to mobilise domestic resources for development. 

It is concerning that geopolitical shocks and unprecedented trade policy volatility are destabilising the global economy and jeopardising a critical source of development financing. 

We must redouble our efforts to strengthen the link between trade and development. 

Unilateral trade practices and economic coercion have a detrimental impact on many nations. This includes the economic embargo against Cuba, which has caused untold damage to the country’s economy over the years. This unfair embargo must be lifted. 

In the midst of global trade uncertainty, the African continent is providing a pragmatic example of constructive collaboration by using the African Continental Free Trade Area as an engine for sustainable growth and development. 

This will, with commitment, become the central pillar of economic cooperation and integration for our continent. 

As part of the effort to build more inclusive economies, South Africa’s G20 Presidency has launched an Extraordinary Committee of Independent Experts on Global Wealth Inequality. 

This committee, chaired by Professor Joseph Stiglitz a Nobel laureate, will deliver the first-ever report on global inequality to G20 leaders. 

Climate change is an existential threat. 

We are failing future generations by our inability to reduce global warming. 

Climate change is reversing economic growth and development gains in many countries, especially in the Global South. 

Although Africa carries the least responsibility for climate change, many countries on the continent experience much of its harshest effects. 

Extreme weather events like floods and droughts are driving food insecurity, displacing populations, causing damage to infrastructure and leading to the unnecessary loss of livelihoods. 

Member States must honour their undertakings and commitments in line with the guiding principle of common but differentiated responsibilities and respective capabilities. 

The Secretary-General recently reported that global military expenditure has reached historic highs just as the world is falling behind on its core development promises.  

We are building weapons, when we should be building social infrastructure. 

We are fighting wars that cause death and destruction, when we should be fighting poverty and developing the livelihoods of vulnerable people. 

We must act decisively to silence all guns, everywhere, to realise the goal of sustainable development and global peace. 

As we commemorate the 80th anniversary of the UN, the relevance of this institution and multilateral processes for the maintenance of international peace and security is being wilfully undermined. 

There is an increasing reliance on unilateral military action in contravention of international law. 

The United Nations Security Council has proven to be ineffective in its current form and composition in carrying out its Charter mandate to maintain international peace and security. 

South Africa remains deeply concerned by the erosion of the credibility of the Security Council and its failure to ensure accountability and uphold international law. 

As the security and humanitarian situations in the Democratic Republic of the Congo, Sudan, Gaza and elsewhere deteriorate, it is a matter of grave concern that there are countries that continue to violate international law and defy UN resolutions and rulings from bodies like the International Court of Justice. 

The establishment of the Hague Group and the Madrid Group aim to reaffirm the primacy of international law, promoting accountability and ensuring support for a just peace. 

We cannot and should not accept that members of this Organisation continue to violate without consequence the Charter that we have all agreed to uphold. 

Therefore, as nations that have pledged to uphold the UN Charter, we have the ultimate responsibility to ensure and protect the rights of the Palestinian people to self-determination. 

Consistent with the case that South Africa brought before the International Court of Justice, there is growing global consensus that Israel is committing genocide in Gaza. 

Just last week, the UN Independent International Commission of Inquiry found that Israel is responsible for the commission of genocide in Gaza. 

As Palestinians continue to face genocide and famine, we have a duty to act. 

We welcome the historic High-Level Meeting held yesterday on the Two-State Solution yesterday in this chamber. This reflects the determination of the global majority that Palestinians deserve a peaceful state alongside a peaceful Israel. 

The long overdue announcement by an increasing number of countries to recognise the State of Palestine is testament to this determination. 

We have a responsibility as the Member States of the United Nations to reaffirm the right of self-determination of the people of Western Sahara. 

The very first resolution of the United Nations General Assembly, in January 1946, called for the elimination of atomic weapons. 

The resolution was passed shortly after the catastrophic use of atomic bombs on Hiroshima and Nagasaki. 

Decades later, we have not made significant progress in the fulfilment of the commitment to nuclear disarmament. 

In 2026, South Africa will be presiding over the first review conference of the Treaty on the Prohibition of Nuclear Weapons. 

This Treaty reaffirms that there is no greater assurance of non-proliferation than the complete prohibition of nuclear weapons.

This year, we celebrate the 30th Anniversary of the Beijing Declaration and Platform for Action as a roadmap for the achievement of gender equality. 

South Africa reaffirms its unwavering commitment to the empowerment of women and their full, equal and meaningful participation in all spheres of life. 

This milestone reminds us of our shared responsibility to advance human rights, dignity and justice for all. 

The right to development must be central to the policies and operational activities of the UN and its specialised agencies, programmes and funds. 

It must be at the core of the policies and strategies of the international financial and multilateral trading systems. 

As we celebrate 80 years of the United Nations, we must seize the opportunity to build a better UN for the next 80 years. 

What is needed now is a stronger and more capable United Nations, based on a renewed commitment to its founding principles. 

We must invigorate the negotiations on Security Council reform at the Inter-Governmental Negotiations in the General Assembly, including by initiating text-based negotiations. 

The Security Council must be more accountable, representative, democratic and effective in executing its mandate. 

We look forward to working with the Secretary-General on the UN80 Initiative to ensure that our Organisation works more effectively and efficiently. 

Mandates given by Member States must be implemented and the necessary structural changes and programme realignment must be implemented across the UN system. 

In the face of the decrease in funding to the United Nations to fulfil its mandate, the UN80 Initiative is important to maintain the integrity of the multilateral system and to uphold international law. 

Lastly, I am reminded that our collective membership of the United Nations is our shared humanity in action. 

The UN at 80 compels us to reflect on our collective achievements, and to chart a way forward in building an Organisation that is able to address our common challenges. 

We must rise to the occasion and do our utmost together to ensure the political, economic and social freedom of all humanity. 

We must reaffirm that freedom is indivisible and that the denial of the rights of one person diminishes the freedom of us all. 

We must reaffirm the equal dignity and worth of every person and must therefore leave no-one behind. 

I thank you.
 

Bahrain: Foreign Minister meets Somali counterpart

Source: APO

Dr. Abdullatif bin Rashid Al Zayani, Minister of Foreign Affairs, met with Abdisalam Abdi Ali, Minister of Foreign Affairs and International Cooperation of the Federal Government of Somalia, at the Permanent Mission of the Kingdom of Bahrain to the United Nations in New York. The meeting was held on the sidelines of the 80th session of the UN General Assembly.

Dr. Al Zayani congratulated the Somali Foreign Minister on his appointment, emphasising Bahrain’s commitment to enhancing cooperation with Somalia in means that serve shared interests and benefit both countries and their peoples. He highlighted the Kingdom’s intention to enhance joint cooperation and coordination with Somalia through their non-permanent membership on the UN Security Council, wishing him success in his diplomatic duties.

The meeting also reviewed the established relations between the two countries and peoples, identifying opportunities to further develop and enhance cooperation across various domains. The discussion included an exchange of views on regional developments and issues of mutual interest.

The meeting was attended by Ambassador Jamal Faris Al Ruwaie, Permanent Representative of Bahrain to the UN in New York, and Ambassador Shaikh Abdullah bin Ali Al Khalifa, Director General of Bilateral Relations at the Ministry of Foreign Affairs.

Distributed by APO Group on behalf of Ministry of Foreign Affairs of the Kingdom of Bahrain.

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European Union and Kenya celebrate commitment to Kenya’s clean energy future with new I’ve Got the Power campaign

Source: APO

The European Union (EU) has launched the I’ve Got the Power campaign in Kenya, celebrating the strong collaboration between Kenya and the EU for a more prosperous and sustainable future for all. The campaign focuses on the shared commitment to accessible, reliable clean energy and the transformative impact of EU-supported initiatives in Kenya, which aim to provide renewable solutions for individuals and local communities.

The EU’s Global Gateway investment strategy represents the backbone of the campaign, exemplified by initiatives like the Last Mile Connectivity Programme. This programme is expanding electricity access in rural Kenya by connecting households located near distribution transformers to the national grid. By delivering reliable, cleaner power to families, schools and small businesses across 32 counties, the initiative supports Kenya’s universal electrification goals and reduces dependence on polluting fuels. It plays a vital role in advancing the country’s clean energy transition while improving health, education and economic opportunities in underserved communities.

Henriette Geiger, European Union Ambassador to Kenya, says:

 “The transition to renewable energy is not just about reducing carbon emissions; it’s about creating a more sustainable future for the people, the planet, and local economies. Through this campaign, we want people to not only understand the importance of sustainable energy but also, to realise how this transition can positively impact their lives and future.”

Renewable energy is transforming lives across Kenya, empowering communities through sustainable and reliable infrastructure. For fashion designer Austin, the impact is personal – reliable electricity ensures his workshop runs without power interruptions, enabling him to meet client demands and grow his business. Similarly, Catheline, a boda boda rider, now uses an electric bike to run her delivery business, helping her earn a stable income. These real-life examples highlight how renewable energy not only supports environmental goals but also enhances public safety and nurtures local talent. Discover more about the campaign and inspiring stories of sustainable energy at energyoftomorrow.ke. 

Kenya’s progress is part of a broader vision for Africa – one championed by European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa who lead the Scaling up Renewables in Africa pledging campaign. Africa has the potential to lead the global clean energy transition, yet millions across the continent still lack access to electricity. This campaign, delivered through the EU’s Global Gateway, seeks to change that by accelerating access to clean, reliable power while creating jobs and driving long-term development.

Distributed by APO Group on behalf of Delegation of the European Union to Kenya.

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Qatar Participates in Heads of State Meeting on the Day After in Gaza

Source: Government of Qatar

New York, September 23, 2025

The State of Qatar participated in the meeting of heads of state and government on the day after in Gaza and efforts to achieve stability, held on the sidelines of the 80th session of the United Nations General Assembly in New York.

The State of Qatar was represented by HE Minister of State at the Ministry of Foreign Affairs Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi.

In his address to the meeting, HE Dr. Al Khulaifi stressed that the issue of the day after must go beyond mere reconstruction and serve as a genuine starting point for a just, comprehensive, and lasting settlement of the Palestinian question, noting that only then could stability take root in Gaza, the West Bank, and the entire region.

He explained that Qatar has long been at the forefront of partners supporting the Palestinian people by providing humanitarian and development assistance, out of a belief in the need to revive hope among Gaza’s population and create the conditions for stability. Drawing on this experience, he said that reconstruction and stabilization cannot be achieved through isolated efforts but require a collective responsibility from the international community.

HE Dr. Al Khulaifi pointed out that the people of Gaza have endured unbearable conditions for many years, and that the current conflict has brought destruction beyond buildings and infrastructure, reaching the very foundations of life itself, health, education, governance, and the rule of law.

His Excellency noted that the current Israeli government has openly declared its intention to prolong the war and even carried out an attack on Qatar while it was hosting peace negotiations.

He said this assault was not only a violation of sovereignty but also a direct attack on the very principle of mediation, warning that such actions threaten not only Gaza but also the broader principle of peaceful conflict resolution.

HE the Minister emphasized that planning for Gaza’s future cannot be delayed. He said that the day after must be led by Palestinians under the auspices of the Palestinian Authority and in accordance with United Nations principles, and that international partners in Europe and the Arab world must be ready to support this process without imposing it or exercising guardianship over it.

His Excellency affirmed that Palestinians must shape their own future, that their right to their land is non-negotiable, and that any plans for forced displacement, reoccupation, or settlement expansion must be rejected.

He added that Gaza’s future cannot be separated from that of the West Bank and the other occupied Palestinian territories, where the Palestinian people face daily repression, and therefore any sustainable plan must encompass all the occupied Palestinian lands.

Qatar Participates in First Ministerial OIC Meeting on Afghanistan

Source: Government of Qatar

New York, September 23, 2025

The State of Qatar participated today in the first ministerial meeting of the Organization of Islamic Cooperation (OIC) Contact Group on Afghanistan, held on the sidelines of the 80th session of the United Nations General Assembly in New York.

The State of Qatar was represented by Minister of State at the Ministry of Foreign Affairs Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi.

In his address to the meeting, Dr. Al Khulaifi stressed the vital importance of this contact group, noting that it convened at a critical moment when Afghanistan’s humanitarian, economic, and political conditions require a collective commitment to stability and support for the Afghan people.

He offered the State of Qatar’s sincere condolences to the victims of the recent devastating earthquake in Afghanistan and extended heartfelt sympathies to their families and loved ones.

Dr. Al Khulaifi emphasized the need to intensify diplomatic efforts to strengthen relations and cooperation and to ensure effective implementation of the group’s decisions. He said the Afghan people are facing unprecedented hardships and that it is the duty of OIC member states to unite and facilitate meaningful dialogue and support.

He recalled that the State of Qatar has long dedicated itself to this cause, launching the Doha Peace Process on Afghanistan in 2013 to seek peaceful solutions through dialogue and preventive diplomacy. As part of these efforts, Qatar has helped facilitate numerous dialogues among Afghan factions, contributing to an inclusive political process that engages all segments of society.

Dr. Al Khulaifi highlighted Qatar’s hosting of the UN-led Doha Process, which began with the UN Secretary-General’s meetings of special envoys on Afghanistan in May 2023, February 2024, and July 2024. Within this framework, the State of Qatar recently hosted the third meeting of the counter-narcotics working group and the second meeting of the Private Sector Working Group on Jun. 30 and Jul. 1, respectively.

He added that as this OIC mission takes shape, the State of Qatar stands ready to strengthen cooperation among member states, monitor progress, address ongoing humanitarian needs, and support the Afghan people while ensuring constructive engagement between Afghanistan’s caretaker government and the international community, in line with UN Security Council Resolution 2721 of December 2023.

Dr. Al Khulaifi reaffirmed Qatar’s commitment to continuing its long-term humanitarian, development, and diplomatic efforts to support the Afghan people, especially during this critical period.

Prime Minister and Minister of Foreign Affairs Meets Iranian Foreign Minister

Source: Government of Qatar

New York, September 24, 2025

HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani met with HE Minister of Foreign Affairs of the Islamic Republic of Iran Abbas Aragchi, on the sidelines of the 80th Session of the United Nations General Assembly in New York.

The meeting dealt with discussing bilateral cooperation between the two countries, the latest regional developments and especially in Gaza and the occupied Palestinian territories, in addition to several issues of joint interest.
HE the Prime Minister and Minister of Foreign Affairs stressed during the meeting on the importance of intensifying regional and international efforts to de-escalate in the region through dialogue and peaceful means.

Minister of State for Foreign Affairs Affirms Importance of Independent, Sovereign Palestinian State

Source: Government of Qatar

New York, September 23, 2025

The independent and sovereign Palestinian statehood should rise, said HE Minister of State for Foreign Affairs, Sultan bin Saad Al Muraikhi.

His Excellency added that the High-Level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution in New York remains historic on the path toward the settlement of the Palestinian cause.

Delivering the State of Qatar’s speech before the conference, His Excellency pointed out that this global action comes within two contexts, one of them is historic and pertains to ending a decades-long oppression of the Palestinian people, the occupation of their territory, and the commission of all crimes against them.

The second one represents the worsening situation in the occupied Palestinian territories, in particular, with the Gaza Strip being decimated, along with the rising violence against the West Bank on the part of Israel, HE Al Muraikhi noted.

He further noted the irresponsible Israeli escalation that targeted several countries of the region, including the State of Qatar on Sept. 9, 2025, in a brazen breach of international law, holding the Israeli government fully responsible for its rogue aggression against the State of Qatar.

Al Muraikhi further indicated that the Gaza enclave has become devastated almost entirely, while the West Bank is being subjected to savage violence and dangerous practices that include taking over the territories, expanding the settlements, and desecrating the sacred sites. 

Ministry of Foreign Affairs Receives Copies of Credentials of New Ambassadors From Sudan, Lesotho, and Solomon Island

Source: Government of Qatar

Doha, September 23, 2025

HE Secretary-General of the Ministry of Foreign Affairs Dr. Ahmed bin Hassan Al Hammadi received Tuesday copies of credentials of three newly appointed ambassadors to the State of Qatar.
The diplomats included HE Badreddine Abdullah Mohammed Ahmed, Ambassador of the Republic of Sudan; HE Manthabiseng Phohleli, non-resident Ambassador of the Kingdom of Lesotho; and HE Cornelius Walegerea, non-resident Ambassador of the Solomon Islands.
During the individual meetings, HE the Secretary-General wished the ambassadors success in carrying out their duties and affirmed the Ministry’s full support to advance bilateral relations between the State of Qatar and their respective countries across various fields.

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Partners with Takaful Libya to Strengthen Shariah-Compliant Export Credit Insurance in Libya

Source: APO – Report:

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, announced the signing of a facultative reinsurance agreement with Takaful Libya during the IsDB Group Day in Libya scheduled on 23 September 2025. The agreement enhances Takaful Libya’s capacity to underwrite Shariah-compliant export credit risks, thereby supporting the growth of Libyan exporters and contributing to the country’s economic recovery.

Under the arrangement, ICIEC will provide facultative reinsurance to selected export transactions insured by Takaful Libya. This will enable Takaful Libya to extend broader coverage to exporting companies and banks involved in cross-border trade, strengthening their resilience against payment risks and facilitating access to new markets.

This agreement reflects ICIEC’s mandate to de-risk trade across our Member States by empowering local partners,said Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC. “By extending export credit reinsurance capacity and know-how to Takaful Libya, we will help Libyan exporters safeguard their receivables, strengthen their competitiveness in global markets, and contribute to rebuilding national trade flows in line with the development of Libyan external trade.” he added.

There is no doubt that the services provided by ICIEC are of immense importance in supporting the economic development of member countries. One of the Corporation’s key missions is to strengthen and encourage exports by offering vital insurance coverage that empowers businesses to grow beyond borders. For Libya, this agreement represents more than just a financial arrangement—it is a new avenue of opportunity, a platform to boost and promote our exports, and a stepping stone toward greater economic growth. We are confident that this partnership will be a strong pillar in supporting Libya’s development journey, and we look forward to seeing more initiatives of this kind in the future, initiatives that do not only protect our economy but actively drive it forward.” Stated Mr. Bashir Ali Khallat, General Manager, Takaful Insurance Company.

The partnership also paves the way for technical collaboration on key areas of underwriting, credit risk assessment, capacity building, and claims management. ICIEC’s support will allow Takaful Libya to strengthen its offerings to corporates and financial institutions while reinforcing prudential requirements.

The signing at IsDB Group Day highlights the Group’s commitment to building partnerships that mobilize trade and unlock opportunities across Member States. ICIEC and Takaful Libya will begin implementing the agreement immediately, with a focus on high-impact export sectors aligned with Libya’s national priorities.

– on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Contact:
Email: ICIEC-Communication@isdb.org

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About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC):
As a member of the Islamic Development Bank (IsDB) Group, ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investment by providing credit enhancement and risk mitigation solutions. The Corporation is the only Islamic multilateral insurer in the world and has been at the forefront of delivering a comprehensive suite of de-risking solutions to support cross-border trade and investment for its 50 Member States. ICIEC has maintained its “Aa3” rating with a stable outlook from Moody’s for 17 consecutive years, positioning the Corporation among the leaders in the Credit and Political Risk Insurance (CPRI) industry. Additionally, S&P has reaffirmed ICIEC’s “AA-” rating for the second year with a stable outlook. ICIEC’s resilience is underpinned by its sound underwriting practices, global reinsurance network, and strong risk management framework. Since inception, ICIEC has cumulatively insured over USD 121 billion in trade and investment, supporting key sectors such as energy, manufacturing, infrastructure, healthcare, and agriculture in its member states.

For more information, Visit http://ICIEC.IsDB.org

About Takaful Insurance Company:
Takaful Insurance Company was established in 2007 with an initial capital of ten million Libyan Dinars. In 2023, the capital was increased to fifteen million Libyan Dinars, with subscriptions made by businessmen and investors. In 2012, the company was fully transformed into a Takaful insurance model, thus becoming the first Takaful insurance company in Libya. It operates strictly in accordance with the provisions of Islamic Sharia, offering all types of insurance coverage based on these principles. The company has a dedicated Sharia Supervisory Board that ensures full compliance with the rules and objectives of Islamic Sharia.

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