Banking & Finance

Banks, financial services, lending, and fintech developments

Showing 337–348 of 665 articles
Banking & Finance
Insurance companies' debts approach 13 trillion!

Insurance companies' debts approach 13 trillion!

A member of the board of the Algerian Union of Insurance and Reinsurance Companies, Hassan Khalifati, warned of the dangers of low pricing for insurance premiums in Algeria, stressing that it is time to apply a strict rule: 'No payment... No coverage.' He explained that the volume of accumulated debts in the insurance market is currently estimated between 90 and 130 billion dinars, equivalent to about 80 to 90 percent of the annual turnover of the sector, a level that threatens the solvency of companies and the stability of the market as a whole. Khalifati stated in a written statement to 'Echorouk' that continuing to provide insurance coverage without collecting premiums creates a serious imbalance, as companies bear significant risks without ensuring financial resources to meet compensation claims.

Mar 16, 2026echoroukonline.com
Banking & Finance
Precious Metals: Slight Decline in Gold Prices

Precious Metals: Slight Decline in Gold Prices

Gold prices fell slightly today, Monday, affected by reduced hopes for a near-term cut in U.S. interest rates due to rising energy prices, while a weaker dollar helped limit losses. The price of gold in spot transactions decreased by 0.2 percent to $5007.58 per ounce. U.S. gold futures for April delivery fell by one percent to $5011.10. The dollar weakened slightly, making dollar-denominated commodities like gold less expensive for holders of other currencies.

Mar 16, 2026radioalgerie.dz
SMEs & Local Business
Waiving Late Fees and Rescheduling Debts for Up to 10 Years

Waiving Late Fees and Rescheduling Debts for Up to 10 Years

It is clear: judicial follow-ups are an exceptional measure against stubborn investors. The government is considering the possibility of partially or fully waiving late fees for the benefit of struggling micro-enterprises affiliated with the NESDA (formerly ANSEJ), along with launching procedures to reschedule debts and extend loan repayment periods for up to 10 years, aiming to alleviate the financial burdens on these project owners and support them. It emphasizes that resorting to judicial follow-ups remains an exceptional and necessary measure directed at a limited category of stubborn investors. In this context, the Minister of Knowledge Economy, Startups, and Institutions...

Mar 14, 2026echoroukonline.com
Banking & Finance
Gold prices rise as oil declines

Gold prices rise as oil declines

Gold prices recorded an increase this Wednesday morning, coinciding with a decline in oil prices, amid anticipation of U.S. economic data this week to assess Federal Reserve policy expectations. Gold prices in spot transactions rose by 0.4 percent, reaching $5213.99 per ounce. U.S. gold futures for April fell by 0.4 percent, reaching $5221.80 per ounce.

Mar 11, 2026radioalgerie.dz
Banking & Finance
Gold Rises by $84 as US Dollar Index Declines

Gold Rises by $84 as US Dollar Index Declines

Gold prices rose by about $84 during trading on Tuesday, March 10, surpassing losses from the previous session, as the US dollar index fell against a basket of major currencies, boosting demand for the precious metal. According to trading data, gold futures for April delivery, by 10:26 AM GMT, rose by 1.74% or $88.51 to reach $5183.94 per ounce, while spot contracts increased by 0.81% to $5180.13 per ounce. View the full content on Echourouk Online.

Mar 10, 2026echoroukonline.com
Economic Policy
Georgieva Calls for Preparedness for Unforeseen Scenarios

Georgieva Calls for Preparedness for Unforeseen Scenarios

The Managing Director of the International Monetary Fund, Kristalina Georgieva, warned today, Monday, of the inflation risks arising from the conflict in the Middle East. Georgieva stated during a seminar hosted by the Japanese Ministry of Finance that every 10% increase in oil prices, if sustained for most of the year, would be met with a global inflation increase of 40 basis points. The Managing Director of the International Monetary Fund ...

Mar 9, 2026al24news.dz
Regulatory & Legal
General Directorate of Taxes Warns

General Directorate of Taxes Warns

The General Directorate of Taxes has urged citizens to exercise the utmost caution when using electronic payment platforms, emphasizing that the protection of personal data and the security of financial transactions are among its priorities. The directorate clarified in a statement that ensuring access to official platforms is done by verifying that website links end with the official Algerian government domain (.gov.dz), pointing to the approved official sites which are: the official website of the Ministry of Finance (mf.gov.dz) and the official website of the General Directorate of Taxes (mfdgi.gov.dz). View the full content on Echourouk Online.

Mar 9, 2026echoroukonline.com