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Article Excerpt
Dubai, Oct 15, 2008 - (JCN Newswire) - JCB and JCB International announced today that, in collaboration with ORIX Corporation (ORIX) and Majid Al Futtaim Group (MAF Group), a joint venture credit card company Majid Al Futtaim JCB Finance LLC (MAF JCB), has been established in Dubai.
Based in the UAE, whose affluent tourist resources and stable growth in consumer spending promise a growing credit card market, MAF JCB will issue JCB credit cards and promote license partners throughout the Middle East and North Africa.
MAF Group is a close partner of ORIX, who is looking to enter into new business opportunities in the Middle East. MAF Group has invested in ORIX subsidiaries in Pakistan, Oman, Egypt, as well as the joint...
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