DOHA: Arab Petroleum Investments Corporation (Apicorp), the Multilateral Development Bank owned by the 10 member nations of the Organisation of Arab Petroleum Exporting Countries (OAPEC), in which Qatar owns a 10 percent stakes, has signed a Documentary Credit Insurance Policy (DCIP) with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank (IDB) Group. The DCIP will help APICORP effectively manage risks affecting its Letter of Credit (LC) transactions and LCs of petroleum products exports in ICIEC member countries. The DCIP is an effective tool to mitigate risk of non-payment of LC arising from a variety of factors. The Peninsula
