Banks, financial services, lending, and fintech developments
The Algerian Post warned, in a statement today, Saturday, of an increase in attempts of electronic fraud targeting users of the 'Baridi Mob' application, urging not to share banking information or verification codes (OTP) with any party when receiving suspicious calls or messages, and to terminate the call immediately and not continue interaction.
Morocco's budget deficit widened by 12.6% year-on-year during the first five months of 2026, reaching 30 billion dirhams ($3.2 billion) by the end of May, driven by an increase in spending outpacing revenue growth, according to data from the Moroccan Ministry of Economy and Finance. The monthly budget execution report showed that expenditures rose by 9% to 201.5 billion dirhams by the end of May, while revenues increased by 8.4% to 171.4 billion dirhams. Read the full content on Echourouk Online.
Prohibition of conditional fees and banning economic dependency on a single client, extending the conflict of interest reporting period by 15 days for reporting convictions and any defamatory or provocative behavior that may lead to disciplinary action. The extraordinary general assembly of the National Chamber of Auditors will convene on July 9 at the 'Marker' hotel in Algiers to approve the draft code of ethics and professional conduct for auditors - 2026 edition, which is the first official ethical code for the profession since the enactment of law 10-01 in 2010. According to data obtained ...
Gold is heading towards a loss for the fourth consecutive week as it remains below the $4000 per ounce level amid a rising dollar and expectations of an increase in U.S. interest rates.
Global gold prices continue to sharply decline, approaching their lowest levels in over seven months, amid strong pressures from the rise of the US dollar and increasing market expectations regarding tightening monetary policy in the United States.
Gold prices fell today, Thursday, to near their lowest levels in more than seven months, affected by the pressures of the rising US dollar and growing market bets on interest rate hikes in the United States. Investors are awaiting key inflation data that could determine the course of monetary policy in the coming period. By 7:27 GMT, the price of gold in spot transactions decreased by 0.4% to reach $3983.20 per ounce, while US gold futures for August delivery fell by 0.31% to record $3996.30.
"Bank Al-Salam Algeria" participates in the International Exhibition of Algeria 2026, showcasing a range of financing solutions and banking services aimed at economic institutions of various sizes, with a special focus on productive and strategic sectors that contribute to wealth creation and support national economic development. The bank clarified, in a statement issued on the occasion of its participation in the economic event organized at the Palais des Expositions in El-Madania from June 22 to 27, that it places the support of micro, small, medium, and large enterprises at the heart of its strategy, by providing financing mechanisms that align with the needs of various economic operators. The bank emphasized that its priority lies in supporting and financing...
Gold prices fell by more than $43 during trading on Wednesday, continuing the loss streak for the fifth consecutive session, while the decline of the 'precious metal' continues in the Algerian market today.
The decline in gold prices continued for the fifth consecutive session, amid expectations of an increase in key interest rates in the United States this year, leading to a rise in the value of the dollar against other major currencies, despite falling oil prices. The price of the yellow metal fell by $47.90, or 1.14%, to $4154.80 per ounce, while the price of silver dropped by $3.589, or 5.45%, to $62.245 per ounce.
Stock Exchange of June 24, 2026 n1456 the Algerian economy - Stock Exchange - PDF
Algeria - Today, Tuesday, the Minister of State, Minister of Energy, Mohamed Arqab, received a delegation from the International Monetary Fund, led by the head of the Fund's mission to Algeria, Charalambos Tsongaridis, as part of the regular consultations conducted by the Fund with Algeria under Article IV of its establishment agreement, according to a statement from the ministry.
Today, Tuesday, Algerian Minister of State and Minister of Hydrocarbons, Mohamed Arkab, held bilateral talks with a delegation from the International Monetary Fund, led by the head of the Fund's mission to Algeria, Charalambos Tsangaridis, as part of the regular consultations conducted by the Fund with Algeria under Article IV of its establishment agreement, with the presence of the head of the National Agency for the Valorization of Hydrocarbon Resources, Samir Bakhti, and officials from the ministry.