Leasing Company Ansar Leasing is planning for this year to increase its own portfolio to $ 20 million - by $5 million or 25% compared to the end of last year.
According to CEO Jeyhun Nagiyev, in the first six months of this year, the company increased its portfolio by $ 2 million or 13.3% to $ 17 million during the reporting period were concluded 75 contracts for a total of $ 4.4 million in total the number of active contracts reached 436-ti.
In the treaty, the share of construction equipment, vehicles, real estate and cars, respectively, was 25 percent.
The authorized capital of the company remains unchanged, and on July 1 of this year, it was 5 million manat.
Ansar Leasing was established by the Islamic Corporation for Private Sector (ICD) in mid-2009. This is the only leasing company in Azerbaijan working on Sharia principles (Islamic banking). It is also the most capitalized company in this segment of the economy. - 15B -
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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