Leasing News
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Egypt’s Beltone Leasing and Factoring Signs 1st USD29.8M Syndicated Factoring Deal for Redcon Properties
Beltone Leasing and Factoring achieved a milestone by securing Egypt’s first syndicated factoring deal valued at USD 29.8 million for Redcon.
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Top 10 leasing companies in Egypt
Leasing instead of buying assets can offer several advantages for a company, mainly regarding financial flexibility.
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Egypt’s financial leasing sector hit by inflation and high-interest rates
To curb inflation, which hit record levels, reaching about 40.3% last May, the Central Bank of Egypt raised the interest rate by 10%.
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Talaat Moustafa Group opens the door for leasing in “East Hub'
The offering came at an Iftar party organized by the Talaat Moustafa Group, on Thursday, April 13, at the “East Hub” project in Madinaty.
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Egypt's finance ministry introduces new facilities for financial leasing providers
The new facilities include deducting interests of loans and cash advances from companies’ net profits.
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Egypt's Arab Investment Bank and IDB unit launch leasing firm
Arab Investment Bank offers Islamic banking products in two of its 18 branches and is also planning to expand that range of products.
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EFG Hermes eyes Egypt renewables investments, leasing business -CEO
Egypt is shifting attention to renewables to face the energy crisis.