Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
AL24 | الاقتصاد

Rise in Gold Prices Amid Increasing Bets on Interest Rate Cuts

Gold prices rose today, Tuesday, reaching their highest level in a week after statements from officials at the Federal Reserve (the U.S. central bank) bolstered bets on interest rate cuts, amid rising geopolitical tensions and increased demand for safe-haven assets. The price of gold in spot transactions increased by 0.4 percent to $4465.32 per ounce, while U.S. gold futures rose by 0.3 percent to $4465.70. For other precious metals, the price of silver in spot transactions rose by 2.9 percent to $78.72 per ounce, and the price of platinum in spot transactions increased by 2.5 percent to $2327.

Jan 6, 2026al24news.dz
Banking & Finance
AL24 | الاقتصاد

Gold prices rise amid increasing bets on interest rate cuts

Gold prices rose today, Tuesday, reaching their highest level in a week after statements from officials at the Federal Reserve (the U.S. central bank) bolstered bets on interest rate cuts, amid rising geopolitical tensions and increased demand for safe-haven assets. The price of gold in spot transactions increased by 0.4 percent to reach $4465.32 per ounce.

Jan 6, 2026al24news.dz
Banking & Finance
This is the new acting governor of the Bank of Algeria

This is the new acting governor of the Bank of Algeria

Moatasem Boudeyf took over his duties as acting governor of the Bank of Algeria yesterday evening, following his appointment by President Abdelmadjid Tebboune. A statement issued by the banking institution clarified that the handover ceremony between Boudeyf and his predecessor Salah Eddine Taleb was attended by senior officials from the Bank of Algeria, where the organizational procedures related to the transfer of responsibility at the head of the institution were completed. View the full content on Echourouk Online.

Jan 6, 2026echoroukonline.com
Banking & Finance
Mouatassim Boudeyf takes over as Acting Governor of the Bank of Algeria

Mouatassim Boudeyf takes over as Acting Governor of the Bank of Algeria

Mouatassim Boudeyf officially took over as Acting Governor of the Bank of Algeria yesterday evening, following his appointment by President Abdelmadjid Tebboune. A statement from the banking institution clarified that the handover ceremony between Boudeyf and his predecessor Salah Eddine Taleb was attended by senior officials from the Bank of Algeria, where the organizational procedures related to the transfer of responsibility at the head of the institution were completed. Read the full content on Echourouk Online.

Jan 6, 2026echoroukonline.com
Regulatory & Legal
Exceptional facilities for importers of goods and raw materials for 6 months!

Exceptional facilities for importers of goods and raw materials for 6 months!

The exception granted to banks for transferring import invoices, including shipping fees, has been extended until June 30, 2026. This extension includes imports designated to cover self-needs such as management or equipment, according to the estimated import program or imports designated for resale in the current state. This extension facilitates banks in completing import transactions, which is expected to directly impact the operations of importers and economic operators. In this context, the Professional Association of Banks and Financial Institutions informed banks operating in Algeria, through an official correspondence dated January 4, about the extension of the exception granted to banks for transferring import invoices, including shipping.

Jan 5, 2026echoroukonline.com
SMEs & Local Business
New Services from the Loan Guarantee Fund for Small and Medium Enterprises

New Services from the Loan Guarantee Fund for Small and Medium Enterprises

The Loan Guarantee Fund for Small and Medium Enterprises continues to expand its services to include operating loans, by signing agreements with 15 partner banks, which are expected to be completed by the end of January. The aim is to enhance financial support for project holders. Since November, the Loan Guarantee Fund has signed agreements with three banks to include operating loans among the guarantees it provides, with the number expected to rise to 15 banks by January 2026, according to the Fund's Director General, El Hadi Tamam. These agreements set the loan ceiling at 50 million DZD with a maximum guarantee of 35 million DZD, representing a coverage rate of 70 percent, according to the same source.

Jan 5, 2026echoroukonline.com