Banking & Finance

Banks, financial services, lending, and fintech developments

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Gold Rises Supported by Purchases After Sharp Decline

Gold Rises Supported by Purchases After Sharp Decline

Gold prices rose this Wednesday, supported by purchases after a decline of more than 2 percent in the previous session, as trading remained weak due to the Lunar New Year holiday in several Asian markets. Gold rose in spot transactions by 0.2 percent to $4886.69 per ounce, after hitting the lowest level in more than a week on Tuesday, while U.S. futures contracts for April settled at $4904.50.

Feb 18, 2026radioalgerie.dz
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Algerian Post Signs Agreement with Startup Financing Fund

Today, Tuesday, the Algerian Post signed a framework cooperation agreement at the headquarters of the General Directorate with the Algerian Fund for Startup Financing to support and develop the national entrepreneurship ecosystem. The agreement stipulates the innovation and development of financial, digital, and postal services for the benefit of startups, facilitating their support at various stages of growth, in addition to contributing to enhancing financial and digital inclusion and stimulating local economic activity. The cooperation framework also includes supporting projects by promoting and marketing them through the national postal network, thereby enhancing their presence in the national market and expanding their opportunities for dissemination and development.

Feb 17, 2026iqtissadalbalad.dz
New Document to Forecast the Development and Performance of the Algerian Economy

New Document to Forecast the Development and Performance of the Algerian Economy

The International Monetary Fund, in collaboration with the Bank of Algeria, has released a new technical working document addressing the adoption of a quarterly macroeconomic model to forecast developments in the Algerian economy, named the Algeria Macroeconomic Projection Model (AMPM). It is the central tool used within the Bank of Algeria for analyzing monetary policy and monitoring inflation, growth, and economic balances. The document, issued in February 2026, which 'Echorouk' has obtained a copy of, is part of the Fund's series of research working papers under reference number WP/26/25. It was prepared by experts from the Bank of Algeria alongside a technical team from the International Monetary Fund, as part of a technical support program that started in 2023 to develop the forecasting system...

Feb 17, 2026echoroukonline.com
Increasing Interest of Institutions in Entering the Algerian Stock Exchange

Increasing Interest of Institutions in Entering the Algerian Stock Exchange

Algeria - The Chairman of the Committee for Organizing and Monitoring Stock Exchange Operations (COSOB) highlighted today, Tuesday in the capital, the increasing interest that the national financial market is witnessing from institutions to enter the Algerian Stock Exchange, noting that out of five currently interested institutions, two companies will submit their official listing files at the beginning of March.

Feb 17, 2026aps.dz
Baraka Bank Algeria targets 50 commercial agencies by 2028

Baraka Bank Algeria targets 50 commercial agencies by 2028

Baraka Bank Algeria has inaugurated its 34th national agency located in Ain Mellila in the Oum El Bouaghi province, in a move aimed at strengthening the agency network and expanding the institution's banking services at the national level. The new agency, equipped with all the required standards, will provide services to various targeted markets, including the corporate, professional, and individual sectors, in accordance with the Islamic law provisions adopted in the bank's financing, according to Karim Saïd, the retail department head and official spokesperson for the banking institution, as reported to 'Echorouk'.

Feb 17, 2026echoroukonline.com
Halal Financing for Factory Owners to Acquire Raw Materials!

Halal Financing for Factory Owners to Acquire Raw Materials!

Mazari to 'Echorouk': The Algerian Popular Credit is preparing to finance raw materials with Islamic banking totaling 6500 billion and more than 100,000 accounts. The Algerian Popular Credit is preparing to launch a new product in Islamic banking under the 'Murabaha financing' format, aimed at financing the acquisition of raw materials, with a profit margin of less than 8 percent. This anticipated step during the month of Ramadan aims to support industrialists and stimulate the increase of national production with competitive financing conditions. In this regard, Soufiane Mazari, head of the Islamic banking department at the Algerian Popular Credit, stated in a statement to 'Echorouk' that preparations are underway to launch a new financing product represented by 'Murabaha financing' aimed at businessmen wishing to acquire materials...

Feb 14, 2026echoroukonline.com