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uae ministry of finance and cbd sign agreement on electronic financial stickers

as part of its corporate aim to innovate while providing value-added services to clients and to the residents of the uae, commercial bank of dubai (cbd) announced that it has signed an agreement with the uae ministry of finance for the marketing and distribution of electronic financial stickers in denominations of dhs20 and dhs40 issued by the ministry.

gulf finance house profits up 41% in q2

kuwait-based gulf finance house has posted second quarter profits of $104m, up 41% from same quarter last year, the company said. half year 2008 profits stand at $220m, up 51% from the same time last year.

home credit and finance to raise 125-mln euro loan at euribor+3.25%

moscow. july 14 (interfax) - home credit & finance bank (rts: hcfb) plans to raise a one-year syndicated loan totaling 125 million euro, a source in banking circles told interfax. calyon, erste bank and ing bank have received the mandate to organize the loan.

ge finance unit gets mideast boost

hartford, conn. – general electric co. has agreed to a joint venture with an abu dhabi government investment company that will pump $4 billion of outside capital into its weakened commercial finance business, part of a new global partnership to expand on ge’s fast-growing sales in the mideast.

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