Banking & Finance

Banks, financial services, lending, and fintech developments

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Gold prices drop by more than 1 percent

Gold prices drop by more than 1 percent

Gold prices fell yesterday, Tuesday, affected by profit-taking and the rise of the dollar, as investors await clarity on the outlines of U.S. tariff plans. The price of gold in spot transactions decreased by 1.4 percent to reach $5158.24 per ounce. U.S. gold futures for April delivery also dropped by 0.9 percent, settling at $5176.30. Regarding other precious metals, silver prices fell by 1.2 percent to reach $87.21 per ounce.

Feb 25, 2026radioalgerie.dz
Heavy Files on the Desk of the New Governor of the Bank of Algeria

Heavy Files on the Desk of the New Governor of the Bank of Algeria

Haïdoussi: Priorities include controlling inflation, stimulating growth, and maintaining foreign currency reserves. Bougadi: Recent reforms and financial inclusion to accelerate investment and support Islamic banking. Salami: Dismantling the parallel market and improving the tourism grant file while raising the value of the dinar. The new Governor of the Bank of Algeria faces complex and heavy files that intertwine monetary policy with the national economy, including managing major monetary balances, continuing to curb inflation while stimulating growth, maintaining foreign currency reserves, and supporting non-hydrocarbon exports. It also includes dismantling the parallel market for hard currency, organizing the relationship with the treasury regarding domestic borrowing, and improving the management of the tourism grant file.

Feb 24, 2026echoroukonline.com
This is how youth loan holders import equipment and obtain contracts

This is how youth loan holders import equipment and obtain contracts

The National Agency for Support and Development of Entrepreneurship 'NESDA' has issued a call to micro-enterprises benefiting from the entrepreneurship support system, especially those that have obtained loans under youth support programs, urging them to register on the digital platform designated for submitting the import forecast program for the first half of 2026. The agency clarified, in a post on its professional page on 'LinkedIn', that the deadline for submitting the forecast program is set for February 26, 2026, which is within 48 hours, calling on the concerned project owners to take ...

Feb 23, 2026echoroukonline.com
President Tebboune appoints Mohamed Lamine Lebbou as Governor of the Bank of Algeria

President Tebboune appoints Mohamed Lamine Lebbou as Governor of the Bank of Algeria

During a Cabinet meeting on Monday, President Abdelmadjid Tebboune announced the appointment of Mohamed Lamine Lebbou as Governor of the Bank of Algeria. On January 4, the president relieved Salah Eddine Taleb from his duties as Governor of the Bank of Algeria. He tasked Deputy Governor Moctar Boudeh with the responsibilities of Acting Governor of the Bank of Algeria.

Feb 23, 2026echoroukonline.com
Gold surpasses $5,150 per ounce amid increasing economic uncertainty

Gold surpasses $5,150 per ounce amid increasing economic uncertainty

Gold rose on Monday to its highest level in three weeks, driven by the uncertainty created by the U.S. Supreme Court's decision to overturn the comprehensive tariffs imposed by President Donald Trump, which pressured the dollar and drove investors to seek gold as a safe haven. As of 05:58 GMT, gold in spot transactions recorded an increase of 1.1% to $5,158.29 per ounce, after reaching its highest level since January 30, while U.S. futures contracts for April rose by 2% to $5,180.40 per ounce. View the full content on Echourouk Online.

Feb 23, 2026echoroukonline.com