TSMC to begin construction of European chip factory in Q4 '24    German inflation up to 2.4% in April    Biden harshly hikes tariffs on Chinese imports to protect US businesses    Madinaty Open Air Mall Welcomes Boom Room: Egypt's First Social Entertainment Hub    Oil steady in early Tuesday trade    Indonesia kicks off 1st oil, gas auction    Cred entrusts Ever's clubhouse operations to Emirati firm Dex Squared    Mabany Edris boosts Koun Project investment to EGP 7bn    Sales of top 10 Egyptian real estate companies hit EGP 235bn in three months: The Board Consulting    Key suppliers of arms to Israel: Who halted weapon exports?    Trend Micro's 2023 Cybersecurity Report: Blocking 73 million threats in Egypt    Egypt and OECD representatives discuss green growth policies report    Egypt, Greece collaborate on healthcare development, medical tourism    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Intel eyes $11b investment for new Irish chip plant    Al-Sisi inaugurates restored Sayyida Zainab Mosque, reveals plan to develop historic mosques    Shell Egypt hosts discovery session for university students to fuel participation in Shell Eco-marathon 2025    President Al-Sisi hosts leader of Indian Bohra community    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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



Planning Minister discusses integrating financial leasing in comprehensive development
The upcoming conference will discuss the role of the financial leasing in developing the assets of business sector companies and national projects
Daily News Egypt Published in Daily News Egypt on 27 - 09 - 2016

Minister of Planning Ashraf El-Araby will participate in the second conference on financial leasing, A New Vision for Activating Financing Instruments, which is taking place on 11 October in Cairo and will see the participation of a large number of bankers, investors, and major government officials.
During the main session, El-Araby will confer about the financial leasing mechanism from which the government benefits in financing the projects it is currently working on, and the possibility of benefiting from that tool in restructuring its companies. He will also confer about integrating financial leasing in the comprehensive development.
The state seeks to rely on the non-conventional financing instruments, including financial leasing to finance programmes to develop the assets of public sector companies and national projects, without relying on the state's budget.
The conference will see the participation of more than 500 managers from the major companies operating in Egypt and representatives of financial leasing companies. The conference will focus on issues related to competitive and financial sustainability of the financial leasing sector across different economic sectors, such as real estate, transportation, software, tourism, and industry.
The Egyptian Financial Supervisory Authority (EFSA) announced earlier that the business of financial leasing grew by 12% in the first half of 2016 compared to the same period last year as the value of contracts reached EGP 11bn this year, compared to EGP 9.88bn in 2015. However, the number of contracts decreased from 1,367 to 1,239.

Clic here to read the story from its source.