Banking & Finance

Banks, financial services, lending, and fintech developments

Showing 181–192 of 665 articles
Technology & Digital
Boulzerd: Algeria Records 'Significant Progress' in Electronic Payment

Boulzerd: Algeria Records 'Significant Progress' in Electronic Payment

Various measures taken by public authorities in recent years as part of the digital transformation process have achieved 'significant progress' in the field of electronic payment in the country, alongside strengthening mechanisms aimed at ensuring the security of transactions and their compliance with the latest standards, according to what was highlighted today, Thursday, in Algiers, by the Minister of Finance, Abdel Karim Boulzerd.

May 14, 2026radioalgerie.dz
Economic Policy
The dollar continues to rise

The dollar continues to rise

The US dollar continued to rise today, Wednesday, after inflation in the United States recorded a larger-than-expected increase during last April. The price of the US currency rose by 0.36% against the euro, bringing the price of one euro to 1.1696 dollars, and it also rose by 0.20% against the British pound, reaching 1.3512 dollars during the morning. According to official data published on Tuesday, …

May 13, 2026al24news.dz
Investment & FDI
The African Energy Bank Launches Next Month with an Initial Capital of $5 Billion

The African Energy Bank Launches Next Month with an Initial Capital of $5 Billion

The African Petroleum Producers Organization confirmed that preparations for the launch of the African Energy Bank are progressing well, noting that the new financial institution, launched in partnership with the African Export-Import Bank, aims to support investments in the hydrocarbons sector on the African continent, amid a decline in funding from Western institutions for oil and gas projects.

May 13, 2026iqtissadalbalad.dz
Investment & FDI
With an initial capital of 5 billion dollars.. the African Energy Bank is nearing launch

With an initial capital of 5 billion dollars.. the African Energy Bank is nearing launch

The African Petroleum Producers Organization confirmed that preparations for the launch of the African Energy Bank are progressing well, noting that the new financial institution, launched in partnership with the African Export-Import Bank, aims to support investments in the hydrocarbons sector on the African continent, amid a decline in funding from Western institutions for oil and gas projects. The organization's statement indicated that the progress of the project was the focus of a meeting held on Monday in Cairo between a delegation from the organization led by its Secretary-General, Farid Ghazali, and the President of Afreximbank, George Elumelu.

May 13, 2026echoroukonline.com
Energy & Hydrocarbons
APS | مصارف ومالية

Preparations for the launch of the African Energy Bank are progressing at a 'good pace'

Algeria - The African Petroleum Producers Organization (APPO) confirmed today, Tuesday, that the preparations for the launch of the African Energy Bank (AEB) are 'progressing at a good pace', noting that this financial institution, launched in partnership with the African Export-Import Bank (Afreximbank), aims to support investments in the hydrocarbons sector on the African continent.

May 12, 2026aps.dz
Banking & Finance
Hotels and factories financed by 'halal' funding with terms up to 15 years!

Hotels and factories financed by 'halal' funding with terms up to 15 years!

70 billion dinars in deposits and 110,000 accounts in Islamic banking; real estate accounts for more than half of the bank financing portfolio. The Crédit Populaire Algérien is preparing to launch a new package of Islamic financing products starting next June, in a move that reflects a trend towards expanding halal banking and supporting investment dynamics in the country. These offers include financing directed towards the establishment of hotels, production facilities, administrative headquarters, and large factories, with repayment terms extending up to 15 years, providing investors with greater capacity to realize their strategic projects with financial stability and long-term sustainability. In this context, the head of the Islamic banking department at the Crédit Populaire Algérien, Soufiane Mezari, stated in a statement...

May 12, 2026echoroukonline.com
Banking & Finance
Rzig discusses with banks mechanisms for financing and localizing sales operations

Rzig discusses with banks mechanisms for financing and localizing sales operations

The Minister of Foreign Trade and Promotion of Exports, Kamal Rzig, chaired a coordination working meeting that brought together ministry officials with representatives of the professional association of banks and financial institutions, along with representatives of commercial banks authorized to conduct foreign trade operations, to discuss mechanisms for localizing and financing sales activities. According to a statement from the relevant ministry, the meeting was dedicated to presenting and clarifying the banking localization methods for the estimated program for companies active in the field of sales, in addition to determining the procedures related to financing and managing their operations in coordination with the concerned banks. View the full content on Echourouk Online.

May 12, 2026echoroukonline.com
Retail & Consumer
APS | تجارة وخدمات

Rzig chairs a coordination meeting with bank representatives on financing retail activity

Algeria - The Minister of Foreign Trade and Export Promotion, Kamel Rzig, chaired a coordination working meeting that included ministry officials and representatives of the Professional Association of Banks and Financial Institutions, along with representatives of commercial banks authorized to conduct foreign trade operations, according to a statement from the ministry today, Monday.

May 11, 2026aps.dz
Banking & Finance
Gold Prices Decline Amid Inflation Concerns

Gold Prices Decline Amid Inflation Concerns

Gold prices fell on Monday amid concerns over rising inflation and the possibility of high interest rates persisting for a longer period. Spot gold dropped 0.6 percent to $4684.32 an ounce. U.S. gold futures for June fell 0.8 percent to $4692.70. For other precious metals, silver rose 0.7 percent in spot transactions to $80.88 an ounce, platinum decreased 0.6 percent to $2042.71, and palladium fell 0.4 percent to $1484.99.

May 11, 2026radioalgerie.dz