Banking & Finance

Banks, financial services, lending, and fintech developments

Showing 157–168 of 665 articles
Banking & Finance
AL24 | الاقتصاد

Dollar Stabilizes Near Highest Level in 6 Weeks

The dollar stabilized today, Wednesday, near its highest level in six weeks, as investors began to accept the possibility of interest rate hikes to combat inflation resulting from the war with Iran, which pushed the yen back into the area where authorities intervene to support it. The uncertainty regarding when the war in the Middle East will end negatively affected sentiment, raised concerns about inflation, and led to a global sell-off of bonds as the yield on 30-year U.S. Treasury bonds reached its highest level since 2007. President Donald Trump stated that the United States may have to attack Iran again, but he indicated that it wants an agreement to end the war that has caused disruptions in the region.

May 20, 2026al24news.dz
Economic Policy
The dollar stabilizes near a six-week high

The dollar stabilizes near a six-week high

The dollar stabilized today, Wednesday, near its highest level in six weeks, as investors began to accept the possibility of interest rate hikes to combat inflation caused by the war with Iran, pushing the yen back into the area where authorities intervene to support it. The uncertainty regarding when the war in the Middle East will end has negatively affected sentiment and raised concerns...

May 20, 2026al24news.dz
Banking & Finance
90-Day Report... Algerians Gradually Move Away from Cash!

90-Day Report... Algerians Gradually Move Away from Cash!

Half a million contactless payment cards and 29,000 deferred payment cards in the banking market, 4,713 ATMs across the national territory, and 104,000 electronic payment terminals. Algeria recorded an unprecedented leap in electronic payment activity during the first months of 2026, after the value of online transactions exceeded 107 billion dinars in January alone, primarily driven by payments related to the 'Aadl 3' program, alongside the expansion of digital services for paying pilgrimage costs, administrative service fees, and electronic commercial transactions. These figures reflect the rapid shift towards the use of modern payment methods and the gradual decline in reliance on cash liquidity.

May 19, 2026echoroukonline.com
Regulatory & Legal
Boulzerd calls on banks to clarify how to implement new procedures regarding 'Know Your Customer'

Boulzerd calls on banks to clarify how to implement new procedures regarding 'Know Your Customer'

Finance Minister Abdel Karim Boulzerd urged banks and financial institutions to enhance communication by organizing regular meetings to clarify the new procedures recently established by the Bank of Algeria regarding 'Know Your Customer'. The minister noted in a speech today, Monday, May 18, on the occasion of a study day organized by the Bank of Algeria on the instruction related to Know Your Customer, that 'banks and financial institutions are required today to organize numerous meetings to explain the new procedures related to Know Your Customer and clarify how to implement this instruction for employees, as bank agencies are the ones that deal directly with citizens and economic operators, especially traders,' according to the Algerian News Agency.

May 18, 2026echoroukonline.com
Regulatory & Legal
APS | مصارف ومالية

Bank of Algeria Organizes a Study Day in the Capital on the Instruction Related to Know Your Customer (KYC) Procedure

Algeria - The Bank of Algeria organized today, Monday in Algiers, a study day on the instruction recently issued 04-2026 related to the Know Your Customer (KYC) procedure applicable to banks, financial institutions, and the financial services of Algeria Post, with the participation of several government members, aimed at explaining, exchanging views, and discussing the provisions contained therein, aimed at enhancing transparency in transactions and various financial procedures.

May 18, 2026aps.dz
Banking & Finance
APS | مصارف ومالية

Mr. Boualzerd Highlights the Role of the Banking Network in Implementing Customer Due Diligence Procedures

Algeria - The Minister of Finance, Abdel Karim Boualzerd, highlighted today in Algiers the role of banks and financial institutions in implementing the new procedures recently established by the Bank of Algeria regarding 'customer due diligence', calling for enhanced communication through organizing regular meetings to clarify and explain these measures for the benefit of employees and workers in the banking and financial sector.

May 18, 2026aps.dz
Economic Policy
Finance Ministers of the G7 Discuss Economic Implications of the War in the Middle East

Finance Ministers of the G7 Discuss Economic Implications of the War in the Middle East

Today, Monday, the finance ministers of the Group of Seven major industrialized nations are meeting in Paris, in an attempt to find common ground to alleviate the severity of global economic tensions and coordinate supplies of vital raw materials. French Finance Minister, Bruno Le Maire, stated that the agenda for the Paris meeting will focus on what he described as entrenched imbalances in the global economy that fuel trade disputes and threaten potential disruptions...

May 18, 2026al24news.dz
Banking & Finance
Finance: Mr. Boualzerd Highlights the Role of the Banking Network in Implementing Customer Due Diligence Procedures

Finance: Mr. Boualzerd Highlights the Role of the Banking Network in Implementing Customer Due Diligence Procedures

The Minister of Finance, Abdel Karim Boualzerd, highlighted today in Algiers the role of banks and financial institutions in implementing the new measures recently established by the Bank of Algeria regarding 'customer due diligence', calling for enhanced communication through organizing regular meetings to clarify and explain these measures for the benefit of employees and workers in the banking and financial sector.

May 18, 2026radioalgerie.dz
Investment & FDI
13 companies in the stock market by the end of 2026.. and the market opens its doors strongly!

13 companies in the stock market by the end of 2026.. and the market opens its doors strongly!

“Air Algérie” raises its capital by 100 billion and “Krapsi” enters the stock market with 62 billion. The “single window” mechanism to expedite file studies and digital platforms for order processing have recorded remarkable indicators in the Algerian stock market recently, with a significant jump in trading volume, value, number of investors, and transactions, coinciding with new movements indicating that the financial market is entering an unprecedented expansion phase. After having only five companies in 2024, the number is expected to rise to 10 companies with the ambition of reaching 13 companies by the end of 2026, as new companies like “Air Algérie” and “Krapsi” are nearing entry into the market, along with other files under study, notably “Insagh”. The bond market has also started to record growth indicators...

May 17, 2026echoroukonline.com