Banks, financial services, lending, and fintech developments
Gold prices fell by more than $11 during trading on Monday, continuing the losses that have persisted since last week, while the prices of the precious metal stabilized in the Algerian market today.
The decentralized finance sector lost $13.21 billion from the total locked value in one month, a decline that far exceeds the quiet drop in Bitcoin markets.
The National Retirement Fund (CNR) is preparing to sign an agreement with a public bank to grant loans to all retirees at subsidized rates, with the provision of Islamic financing options under favorable conditions, in a step aimed at improving the living standards of this category, according to what was revealed by the Fund's Director General Hafiz Adrar. Adrar explained, during his appearance yesterday on the program 'Guest of the Day' on Algeria's third radio channel, that this initiative falls within a new approach adopted by the Fund that focuses on a more proactive strategy rather than merely periodic increases, by providing additional benefits for retirees. He also noted that the Fund's teams are currently working on preparing other agreements aimed at enhancing services and benefits for retirees.
An agreement will be signed this Sunday between the National Retirement Fund (CNR) and a public bank to grant
Financial disclosures published by the U.S. Office of Government Ethics yesterday, Saturday, revealed that U.S. President Donald Trump purchased bonds worth no less than $51 million during March, in transactions that included several diverse financial sectors. According to the published forms, Trump executed 175 financial transactions during the same month, without the disclosures including the exact values for each sale or purchase, but rather estimated ranges for the transaction values. Read the full content on الشروق أونلاين.
AL24 News - Union Bank of Algeria strengthens its regional presence through Expo Mauritanie 2026 - news
Gold prices fell today, Friday, as oil prices rose, raising inflation fears and prolonging high interest rates, amid stalled negotiations between the United States and Iran.
AL24 News - Dollar heads for weekly gains as US-Iran talks stall - news
Algeria - The Local Development Bank opened a new commercial agency in Ain M'lila (Oum El Bouaghi province) today, Thursday, as part of its efforts to expand its presence at the local level and bring its services closer to customers, according to a statement from the bank.
The Commission for Organizing and Monitoring Stock Exchange Operations (COSOB) and the Tunisian Financial Market Authority have signed a roadmap aimed at enhancing bilateral cooperation in the field of combating money laundering, according to a statement from the commission today, Thursday. The signed document focuses on activating the clause related to cooperation in combating money laundering, stemming from the cooperation memorandum signed in 2015 between the two sides, according to the statement.
The Local Development Bank inaugurated a new commercial agency in Ain M'lila 336 today, in the presence of the General Director and his accompanying delegation, alongside the Governor of Oum El Bouaghi and representatives of local authorities. This agency is located at 03 Batna Street, providing various banking products and services for customers, reflecting the bank's direction towards enhancing its field presence and supporting local economic activity.
Today, Wednesday, the Ministry of Religious Affairs and Endowments signed a framework agreement with Al Baraka Bank Algeria, aimed at enabling imams and sector affiliates to benefit from a comprehensive package of banking services, in a move that reflects a trend to enhance cooperation and develop social and professional services. The ministry's statement clarified that this agreement comes within the context of an initiative aimed at supporting the category of imams and sector employees, especially the mosque family, by improving their conditions and responding to their financial needs through integrated banking services compliant with Islamic law.