Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
Sovereign Sukuk: Subscription Deadline Extended to April 30

Sovereign Sukuk: Subscription Deadline Extended to April 30

The Ministry of Finance announced this Thursday in a statement the extension of the subscription period for sovereign sukuk of the Ijara type until April 30, with the aim of expanding the participation base and enabling the largest number of investors, whether institutions or individuals, to contribute to this important financial initiative. The ministry clarified that these sukuk are investment products compliant with Islamic Sharia principles, aimed at financing projects of public economic benefit, and provide subscribers with periodic returns that are tax-exempt and secure.

Mar 26, 2026radioalgerie.dz
Banking & Finance
Gold prices drop by more than 3%

Gold prices drop by more than 3%

Gold prices fell by more than 3% this Monday, continuing their decline to the lowest level in nearly four months, with spot gold dropping 3.3% to $4340.09 per ounce, marking its ninth consecutive session of losses. The metal, which fell today, reached its lowest level since January 2, down more than 10% last week. U.S. gold futures for April delivery fell 5% to $4347.

Mar 23, 2026radioalgerie.dz
Regulatory & Legal
A new step to reduce the use of cash... and facilities for electronic payment owners!

A new step to reduce the use of cash... and facilities for electronic payment owners!

In the context of ongoing government efforts to reduce reliance on cash and push the national economy towards further digitization, authorities have established indirect incentive mechanisms to encourage the use of electronic payment methods, which do not target users directly but go through supporting commercial banks and Poste Algérienne. This approach is based on the principle of these entities bearing the commissions associated with electronic transactions, in exchange for benefiting from reductions in the taxable base for corporate profits, which alleviates the cost of these operations and opens the door for their gradual generalization among merchants and consumers. The tax directive will expand digitization in commercial banks and enhance financial solvency.

Mar 22, 2026echoroukonline.com
Energy & Hydrocarbons
APS | صناعة، طاقة ومناجم

Energy, Infrastructure, and Financial Sectors at the Core of the Preparatory Meeting of the High Joint Committee for Cooperation

Algeria - The joint cooperation committee meeting between Algeria and Niger at the expert level was held today, Sunday, in Niamey, which provided an opportunity to highlight the potential for deepening partnership and cooperation between the two brotherly countries in various fields such as energy, infrastructure, finance, and communications, in preparation for the second session of the high joint committee scheduled for tomorrow, Monday.

Mar 22, 2026aps.dz
Energy & Hydrocarbons
Algeria-Niger: Energy, Infrastructure, and Financial Sectors at the Core of the Preparatory Meeting of the High Joint Cooperation Committee

Algeria-Niger: Energy, Infrastructure, and Financial Sectors at the Core of the Preparatory Meeting of the High Joint Cooperation Committee

This Sunday in Niamey, the work of the Joint Cooperation Committee between Algeria and Niger at the expert level took place, which provided an opportunity to highlight the potential for deepening partnership and cooperation between the two brotherly countries in various fields such as energy, infrastructure, finance, and communications, in preparation for the second session of the High Joint Cooperation Committee scheduled for this Monday.

Mar 22, 2026radioalgerie.dz
Economic Policy
Gold Continues to Decline with Expectations of Tightening Monetary Policy

Gold Continues to Decline with Expectations of Tightening Monetary Policy

Gold prices plummeted by more than 5% yesterday, marking a decline for the seventh consecutive session, amid rising energy prices and increasing concerns about inflation, which bolstered expectations that major central banks will keep borrowing costs high. Gold fell in spot transactions by 5.5% to $4552.38 per ounce by 12:46 GMT, marking its lowest level since early ...

Mar 20, 2026al24news.dz
Banking & Finance
Precious Metals: Gold Drops to Lowest Level in Over a Month

Precious Metals: Gold Drops to Lowest Level in Over a Month

Gold prices fell yesterday, Wednesday, to their lowest levels in over a month. Gold in spot transactions dropped by 2.6 percent to $4874.19 per ounce, after hitting its lowest level on February 6. Additionally, U.S. gold futures for April delivery fell by 2.6 percent to $4878.20.

Mar 19, 2026radioalgerie.dz
Trade & Exports
اقتصاد البلد

Rising Tensions in the Middle East: Global Shipping Companies Impose 'Emergency Fuel Surcharge' on Maghreb Exports

The foreign trade movement in the North Africa region faces a new challenge added to a series of global logistical challenges, as major shipping companies, led by 'MSC', announced the imposition of additional fees for emergency fuel situations (Emergency Fuel Surcharge – EFS). This step comes as a direct backlash to the escalating geopolitical tensions in the Iran and Middle East region, placing economic actors under additional financial pressures that necessitate an immediate review of commercial contracts and 'localized invoices'. Direct impacts on shipping costs according to recent data, shipping companies began applying these fees starting from mid-March 2026. These increases vary...

Mar 17, 2026iqtissadalbalad.dz