Banking & Finance

Banks, financial services, lending, and fintech developments

Showing 49–60 of 665 articles
Regulatory & Legal
New Relief for Importers and Extension of Shipping Invoice Validity

New Relief for Importers and Extension of Shipping Invoice Validity

Banks are required to send the results of shipping fees for the second semester and periodic reports on shipping expenses to foreign trade services. Authorities decided to extend the exceptional license granted to banks, which allows the settlement of import invoices that include shipping expenses, until December 31, 2026, instead of ending on June 30 of this year, in a move aimed at ensuring the smoothness of import operations and avoiding any administrative obstacles that may delay the processing of files for economic operators. In detail, an official correspondence sent by the Professional ...

Jun 29, 2026echoroukonline.com
Banking & Finance
132,000 new car insurance contracts in just 90 days!

132,000 new car insurance contracts in just 90 days!

In just 90 days of 2026, the insurance sector in Algeria achieved a turnover exceeding 57 billion dinars, while the value of compensations and pending claims to be settled exceeded 127 billion dinars, indicating the massive financial volume managed by insurance companies. Concurrently, the car insurance branch experienced a notable recovery, driven by the conclusion of more than 132,000 new contracts during the first quarter, capturing over half of the damage insurance market, confirming its position as a growth engine for the sector amid rising compensations and the ongoing challenge of settl...

Jun 29, 2026echoroukonline.com
Economic Policy
Iran announces the release of $6 billion of its frozen assets in Qatar

Iran announces the release of $6 billion of its frozen assets in Qatar

Iranian state media reported, citing President Masoud Bezhakian, that Iran will recover $6 billion of its frozen assets in Qatar, out of a total of $12 billion, following an agreement reached with the United States that resulted in the lifting of sanctions on the oil and petrochemical sectors. Bezhakian explained today, Monday, that the release of these funds comes as part of the implementation of the temporary agreement reached between Tehran and Washington during the current month of June, paving the way for a comprehensive settlement of the ongoing conflict between the two countries.

Jun 29, 2026echoroukonline.com
Banking & Finance
Algeria Stock Exchange Offers 300,000 Shares at 425 Dinar - Iqtissad Al Balad

Algeria Stock Exchange Offers 300,000 Shares at 425 Dinar - Iqtissad Al Balad

In a move that enhances the expansion of the Algerian financial market, the Commission for Organizing and Monitoring Stock Exchange Operations 'Cossob' granted its approval during its meeting held on June 24, 2026, on the information memorandum related to increasing the capital of the public institution 'EPE CSC Expertise Spa' by 15%, through public savings, thus raising the total number of companies listed on the Algeria Stock Exchange to 11 companies.

Jun 29, 2026iqtissadalbalad.dz
Energy & Hydrocarbons
Oil and gold prices experience sharp fluctuations in global markets

Oil and gold prices experience sharp fluctuations in global markets

Global markets witnessed a volatile and sharp start to the week, with oil prices rising significantly while gold prices fell, amid renewed direct military confrontations between the United States and Iran, raising increasing concerns about the security and safety of energy supplies through the Strait of Hormuz. This coincided with ongoing economic forecasts of an increase in U.S. interest rates, with Brent crude futures rising by 0.9 percent to reach $73.27 per barrel by 6:25 AM GMT, while West Texas Intermediate crude rose by 1.2 percent, recording $70.04 per barrel.

Jun 29, 2026echoroukonline.com
Investment & FDI
Issuance of 300,000 new shares on the stock exchange

Issuance of 300,000 new shares on the stock exchange

The Stock Exchange Operations and Monitoring Committee (COSOB) granted its approval during its meeting held on June 24, 2026, for the information memorandum related to the capital increase of the public economic institution “EPE CSC EXPERTISE Spa” by 15%, through public savings, in a move that raises the number of companies listed on the Algerian Stock Exchange to 11 companies. The operation includes the issuance of 300,000 new shares to be listed in the growth section of the capital market at the Algerian Stock Exchange, with an issuance price of 425 dinars per share, and a total issuance value...

Jun 29, 2026echoroukonline.com
Economic Policy
Mrs. Abdel Latif Receives a Delegation from the International Monetary Fund

Mrs. Abdel Latif Receives a Delegation from the International Monetary Fund

Algeria - The Minister of Internal Trade and Regulation of the National Market, Amal Abdel Latif, received today, Sunday, in Algiers, a delegation from the International Monetary Fund headed by the head of the Fund's mission to Algeria, Charalambos Tsongaridis. This is part of the regular consultations conducted by the International Monetary Fund with Algeria under Article IV of its Articles of Agreement, according to a statement from the ministry.

Jun 28, 2026aps.dz
Regulatory & Legal
The Kossoub Committee and the International Financial Reporting Standards Foundation Discuss Ways to Enhance Cooperation and Exchange Experiences in the Capital

The Kossoub Committee and the International Financial Reporting Standards Foundation Discuss Ways to Enhance Cooperation and Exchange Experiences in the Capital

Algeria - The President of the Kossoub Committee for Organizing and Monitoring Stock Exchange Operations, Youssef Bouzenada, received a delegation from the International Financial Reporting Standards Foundation on the sidelines of his participation in the Evact Connect Africa forum, organized in Algiers by the International Federation of Accountants in coordination with the National Council of Accounting Experts in Algeria, where cooperation and exchange of experiences between the two bodies were discussed, according to a statement issued by the committee today, Sunday.

Jun 28, 2026aps.dz
Economic Policy
Amal Abdel Latif Receives a Delegation from the International Monetary Fund

Amal Abdel Latif Receives a Delegation from the International Monetary Fund

The Minister of Internal Trade and Regulation of the National Market, Amal Abdel Latif, received this Sunday in Algiers a delegation from the International Monetary Fund headed by the head of the Fund's mission to Algeria, Aralambos Tsongaridis. This is part of the regular consultations conducted by the International Monetary Fund with Algeria under Article IV of its Articles of Agreement, according to a statement from the ministry.

Jun 28, 2026radioalgerie.dz
Regulatory & Legal
KOSOUB Committee and International Financial Reporting Standards Foundation Discuss Ways to Enhance Cooperation and Exchange Experiences in the Capital

KOSOUB Committee and International Financial Reporting Standards Foundation Discuss Ways to Enhance Cooperation and Exchange Experiences in the Capital

The President of the KOSOUB Committee for Organizing and Monitoring Stock Exchange Operations, Youssef Bouzenada, received a delegation from the International Financial Reporting Standards Foundation on the sidelines of his participation in the EFACT Connect Africa event, organized in Algiers by the International Federation of Accountants in coordination with the National Council of Accountants in Algeria, where cooperation and exchange of experiences between the two bodies were discussed, according to a statement from the committee this Sunday.

Jun 28, 2026radioalgerie.dz