Egypt's gold prices recover despite global losses: Sabayek Misr    Oil falls as stocks awaits news on trade talks, oversupply concerns weigh    Asian markets mixed amid U.S.-China trade jitters, unrest in Hong Kong    Sisi: development is the best means to fight terrorism, extremism    France, Germany, Britain urge Iran to reverse nuclear deal breaches    Egypt's Sisi says development is the best means to fight terrorism and extremism    Two Egyptian short films to screen at Nigeria's 4th Africa International Film Festival    Alibaba's Singles' Day sales hit $30 billion, on track for record    Africa must quadruple power investment to supply electricity for all, IEA says    Zidane making sure entire Real Madrid squad stays motivated    Lebanese bank employee union calls strike over safety concerns    In Photos: Asasif coffins arrive at Grand Egyptian Museum for display    LIVE: Ghana v Egypt (U23 Africa Cup of Nations)    Turkey should scrap Russian missile system or face U.S. sanctions    Liverpool win over City suggests long wait may come to an end    Even a little running might help you live longer    Blood supplies inadequate in many countries: Study    During deep sleep, the brain does housekeeping    Hong Kong spirals into rare working-hour violence as police shoot protester    Egypt's parliamentary affairs minister heads to Geneva for UNHRC meetings    In Photos: Omar Khairat stars at Cairo's Arab Music Festival    10 tips to have your 30s starting a lifelong success    Nike to investigate its Oregon Project following Mary Cain's NYT op-ed    ‘Shining' sequel ‘Doctor Sleep' targets $25 mln opening, has Stephen King's blessing    Iraqi forces push protesters back to main square, kill five    Egypt, Ethiopia, Sudan to work to resolve Nile dam feud by January 15    Sisi: Egypt believes in comprehensive approach to human rights    Egypt's FM Shoukry : GERD talks in Washington yielded positive results    UK University of Hertfordshire to open campus in Egypt new capital    Egypt's bourse, banks to close Sunday to mark Prophet Muhammad's birth    Egypt rejects politicised reports on human rights conditions – parliament    Egypt to vote on 3-month extension of state of emergency Monday    Jurgen Klopp gives injury update on Egypt's Mohamed Salah    Al Pacino says follows this mantra on every acting job    Remembering Mustafa Mahmoud, philosopher of his time    Egypt's Ahly Ramadan Sobhi on Serie A clubs' radar: agent    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

NBE leasing arm receives EGP1bln loans from 5 banks
Published in Amwal Al Ghad on 22 - 10 - 2019

Al Ahly Leasing Company has received total loans of one billion Egyptian pounds from five banks, its CEO Tarek Selim said.
He made these comments on the side line of the Non-banking financing tools fourth conference started in Cairo on Tuesday shedding the light on the Innovative financial tools as a new vision to support investments
The conference was inaugurated the Financial Regulatory Authority's Chairman Mohamed Omran and attended by those who are working field of non-traditional financing tools, experts in the non-banking financial sector and leaders of the business sector.
Selim added that his company has directed these loans to the real estate sector.
He pointed out that the company is currently considering entering into a syndicated loan agreement with two companies worth 300 million pounds in the construction and real estate sectors
Al Ahly Leasing Company (ALC) is a fully owned subsidiary of the National Bank of Egypt (NBE) and is its leasing arm. Operational since June 2012, ALC is dedicated to providing flexible lease financing solutions to companies for all types of assets required to help develop and expand their businesses.
The Partnership for Development Initiative is the first of its kind in Egypt aiming to bolster a sustainable partnership between the private sector, the state, the civil society, and mass media. This initiative holds a number of conferences and workshops annually to devise a position paper that plays a prominent role in identifying the government's policies related to economy, legislation, laws, and measures to reform business climate in Egypt. It aims to reach a strategic vision for the shape of partnership between the government and the private sector in order to achieve comprehensive development goals.
The Partnership for Development Initiative held its first series of conferences on April 19th, 2015; it aimed to reveal the details of the Egyptian Economic Development Conference's real estate agreements.

Clic here to read the story from its source.