Banks, financial services, lending, and fintech developments
Crude oil prices rose by nearly five percent at settlement on Wednesday. Brent crude futures increased by $3.86 or 5.2 percent to $78.02 per barrel at settlement, the highest level since June 19.
Algeria - The International Monetary Fund praised the progress made by Algeria in diversifying the economy and combating money laundering, emphasizing the robustness of the economic outlook for the national economy in the short term.
The International Monetary Fund concludes Article IV consultations for 2026 with Algeria.
Gold prices fell today from the highest level in two weeks recorded yesterday, as investors await the results of the US Federal Reserve meeting on monetary policy.
Gold prices in futures trading rose by nearly $38 during trading on Monday, continuing to reap gains from last week, amid anticipation of the Federal Reserve's minutes.
Gold prices stabilized this Monday near their highest level in two weeks, after last week's US jobs report, which came in lower than expected, led to a slight decline in expectations for the Federal Reserve (the US central bank) to raise interest rates. The price of gold in spot transactions remained at $4175.02 per ounce, after recording weekly gains of over 2 percent on Friday, following four consecutive weeks of decline.
The Professional Association of Banks and Financial Institutions has issued a directive to the general managers of banks, informing them of the new procedures for monitoring import files aimed at meeting the needs of institutions for management and equipment materials during the first half of 2026, based on a letter issued by the Ministry of Foreign Trade and Export Promotion dated June 30, 2026. The association clarified, in its letter dated July 1, 2026, which was reviewed by 'Echorouk', that the validity period of the estimated import programs for management materials for the first half of 2026 officially ended on June 30, 2026, except for the customs items that had previously undergone the bank localization procedure, which remain valid...
The US dollar declined on Friday, heading towards recording its largest weekly loss since April, after a weak jobs report prompted investors to reduce their bets on an imminent rate hike by the Federal Reserve, which provided some support for the struggling Japanese yen.
Gold prices rose in trading on Thursday, while oil prices continued their noticeable decline and losses in global markets, as the dollar remained stable with investors closely monitoring official U.S. job data, which could clearly outline the upcoming monetary policy directions of the U.S. Federal Reserve. Gold in spot transactions rose to about $4068.61 per ounce, up by 0.92% at the time of writing, after touching its highest recorded levels since June 23 in the previous session, while U.S. futures contracts for gold for August delivery rose to $4082.70 per ounce. View the full content on the...
Gold prices increased by more than $7 during trading today, continuing to gain for the second consecutive session, while the precious metal saw a rise in the Algerian market today.
The national insurance market achieved a turnover of 57.3 billion DZD in the first quarter of 2026, a figure that is almost stable compared to the same period in 2025 (+
Periodic review of withdrawal ceilings based on usage indicators and needs. Training and awareness for merchants and citizens to expand the use of electronic payment. Algerians conducted more than 8.8 million online purchases in just thirty days, compared to over one million payments via electronic payment devices (TPE), reflecting the significant acceleration in the shift towards electronic payment and the gradual decline in reliance on cash liquidity in daily transactions. Meanwhile, authorities are moving to enhance this path by generalizing the 'Cashless' service and the cash card exclusively for merchants, and encouraging the use of checks, transfers, and electronic clearing when needed.