Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
Algeria and Saudi Arabia Discuss Developing Financial Technology and Sukuk Market

Algeria and Saudi Arabia Discuss Developing Financial Technology and Sukuk Market

Algeria and Saudi Arabia explored ways to develop financial markets and enhance innovation and financial services during meetings that brought together stakeholders in the Algerian financial market and representatives from the Saudi Financial Market Authority, as part of the work of the Trade and Economy Committee stemming from the Algerian-Saudi High Coordination Council. The meetings were held at the headquarters of the Commission for Organizing and Monitoring Stock Exchange Operations (COSOB) and via videoconferencing, providing an opportunity to exchange experiences and practices in several areas related to the development of financial markets. Read the full content on Echourouk Online.

Sep 13, 2026echoroukonline.com
Economic Policy
BRICS Finance Ministers Call for Reform of Global Financial Institutions

BRICS Finance Ministers Call for Reform of Global Financial Institutions

Finance ministers and central bank governors from BRICS countries have called for reform of global financial institutions, primarily the International Monetary Fund and the World Bank, to give emerging and developing economies a greater role in the global economic governance system. The financial officials stated in a joint statement that reforming global economic governance remains a 'constant priority' for BRICS, amid the growing share of emerging and developing economies in global output and growth. Read the full content on الشروق أونلاين.

Sep 13, 2026echoroukonline.com
Banking & Finance
Processing a car purchase financing request in 5 days.. The National Bank clarifies the reality of the offer

Processing a car purchase financing request in 5 days.. The National Bank clarifies the reality of the offer

The Algerian National Bank issued a clarification regarding the publication related to financing the purchase of new cars through the Murabaha system, which sparked widespread interaction on social media platforms after media circulation. The bank stated in a clarification statement published on Wednesday evening that the publication related to the Murabaha product for cars falls within the framework of introducing the product and the conditions for benefiting from it, emphasizing that the announcement does not mean that cars are available at the bank or that there is a ready stock for immediate delivery. Watch the full content on Echourouk Online.

Sep 10, 2026echoroukonline.com
SMEs & Local Business
These are the conditions of a new program to expand the activities of micro-enterprises

These are the conditions of a new program to expand the activities of micro-enterprises

The National Agency for Support and Development of Entrepreneurship (NESDA) has launched a special program for expanding the activities of micro-enterprises called 'NESDA EXTENSION', aimed at supporting them in developing and diversifying their activities and enhancing their growth opportunities, with financing of up to 10 million DZD. According to information published on the agency's website, the program allows for the development of the main activity or the launch of a subsidiary activity, through the acquisition of equipment and machines or the introduction of a new production line and complementary products to the activity, in addition to the possibility of launching a new activity as part of diversification. The program targets micro-enterprises that have previously benefited or not from support from 'NESDA', as well as beneficiaries of the National Agency for Microcredit Management and...

Sep 9, 2026echoroukonline.com
SMEs & Local Business
إقتصاد - الشعب

New Program for Financing the Expansion of Micro-Enterprise Activities

The National Agency for Support and Development of Entrepreneurship 'NESDA' has launched a special program for the expansion of micro-enterprise activities 'NESDA EXTENSION', aimed at supporting them in developing and diversifying their activities and enhancing their growth opportunities, with financing of up to 10 million DZD. According to information published on the agency's website, the program allows financing for the development of the main activity or the launch of a subsidiary activity, through the acquisition of equipment and machines or […]

Sep 9, 2026echaab.dz
Regulatory & Legal
Ministry of Finance reassures international airlines.. Revenue transfer within 24 hours!

Ministry of Finance reassures international airlines.. Revenue transfer within 24 hours!

The Ministry of Finance has reassured international airlines operating in Algeria regarding the availability and speed of procedures for transferring revenues generated from their activities in the Algerian market abroad, confirming that requests meeting the required conditions are processed within a maximum of 24 hours. The ministry explained in a press statement reviewed by 'Echorouk' that any request for revenue transfer, once it meets the required conditions and is submitted to the relevant banking institution, is processed within a maximum period of twenty-four hours, in a step aimed at ensuring the smoothness of these financial operations and handling them in a short timeframe. Watch the full content on Echorouk Online.

Sep 9, 2026echoroukonline.com
Banking & Finance
Local Development Bank Exceeds 2514 Billion DZD in Granted Loans

Local Development Bank Exceeds 2514 Billion DZD in Granted Loans

The total loans granted by the Local Development Bank to its clients exceeded 2514 billion DZD as of June 30, 2026, of which 1019 billion DZD was directed towards investment, while the bank's budget surpassed 2397 billion DZD, according to the bank's CEO, Mustafa Farfara. Farfara explained during the bank's ordinary general assembly that these indicators reflect the 'dynamics of the bank's commercial activity and its ability to mobilize resources and direct them towards financing investments and supporting institutions, professionals, and individuals.' Read the full content on Echourouk Online.

Sep 8, 2026echoroukonline.com
Regulatory & Legal
International Airlines Operating in Algeria: Ministry of Finance Assures on Revenue Transfer

International Airlines Operating in Algeria: Ministry of Finance Assures on Revenue Transfer

The Ministry of Finance assured today, Tuesday in a statement, all international airlines operating in Algeria regarding the 'availability and speed' of the procedures adopted for transferring revenues generated by their activities in Algeria abroad. The ministry confirmed that 'any request for revenue transfer that meets the conditions and is submitted to the relevant banking institution is processed within a maximum of 24 hours.'

Sep 8, 2026radioalgerie.dz