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Trade finance group CCH International, which specialises in Islamic finance, said 2006 was a year of "great success" as profits surged.

The group, which was the fourth best performing stock on AIM in 2006, saw pre-tax profit for the year to December surge to "3.8m from "690,000 last year. Turnover rose 293% to "19.1m from "4.8m for the 14-month period to December 2005.

It continues to offer innovative Sharia-compliant trade finance products, the demand of which remains unabated, said the group.

Fitch Ratings has today affirmed Dubai Islamic Bank's ('DIB') Support rating at '1'.

This reflects the extremely high probability that it would be supported by the UAE authorities, should the need arise, given the government of Dubai's 30% ownership of DIB, the UAE authorities' strong history of providing support to local banks, and the importance of Islamic banking in the UAE.

As salaamu alaikum brothers and sisters,

General Electric Co expects rapid growth in the Middle East in the coming years, thanks to soaring sales of aircraft engines and power generation equipment and a possible entry into the Islamic finance business, a senior executive said on Wednesday.

GE International's chief executive, Ferdinando Beccalli-Falco, said he expected sales to have grown 250 percent by 2010 to $10 billion in the Arab Middle East.