Banking & Finance

Banks, financial services, lending, and fintech developments

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Gold is on track for its biggest annual gain since 1979

Gold stabilized today, Wednesday, but remains on track to record its strongest annual gains since 1979, while other precious metals declined as investors sought to take profits after record highs. Gold held steady in spot transactions at $4,345.75 per ounce, after hitting a record level of $4,549.71 on Friday. U.S. gold futures for February delivery fell by 0.5%

Dec 31, 2025al24news.dz
Millions of Algerians Deny Insurance Companies 13 Thousand Billion

Millions of Algerians Deny Insurance Companies 13 Thousand Billion

By 7.5 percent... Insurance business reaches a record high. The automotive branch records 47,000 new contracts. The insurance sector recorded approximately 47,000 new insurance contracts during the first nine months of 2025, despite this number, some optional guarantees such as comprehensive insurance and assistance saw a decline due to a loss of 1.2 million contracts as a result of the price hike. On the other hand, the total business of the insurance sector as a whole reached 142.9 billion dinars, recording a 7.5 percent growth compared to the previous year, but the paradox lies in the fact that approximately one million Algerians are still waiting for their files to be settled, with a total value of approximately 133.8 billion dinars, reflecting the ongoing challenges in addressing claims ...

Dec 30, 2025echoroukonline.com
BNA Launches Digital Platform for Trading Securities Remotely

BNA Launches Digital Platform for Trading Securities Remotely

The National Bank of Algeria (BNA) announced the launch of its digital platform for conducting securities trading on the Algerian Stock Exchange remotely, as part of efforts to facilitate investment procedures and enhance secure and flexible access to the financial market. The new platform, dubbed 'Bourse Connect', enables the facilitation of requests for buying and selling listed securities within the framework of the bank's classical and Islamic financial activities, providing greater flexibility for various categories of investors.

Dec 30, 2025echoroukonline.com
Inflation: Generalized Price Drop in 2025, According to ONS

Inflation: Generalized Price Drop in 2025, According to ONS

While the Algerian economy has long been marked by relatively high inflation, particularly after the global increases in food and energy prices in previous years, in 2025, the trend reversed, as the country recorded a generalized drop in prices, according to the National Office of Statistics (ONS). In October last year, and compared to the same period in 2024, the prices of various goods and services decreased by an average of 5.2%, with the exception of a few sectors.

Dec 29, 2025elwatan.dz
Precious Metals: Gold Retreats, Silver Hits Record High

Precious Metals: Gold Retreats, Silver Hits Record High

Gold prices experienced a slight decline at the beginning of the week's trading on Monday, as investors sought to book profits after recent gains. Meanwhile, silver continued to rise, reaching new record highs. During morning trading, gold fell by 1.0% to $1,794.527 per ounce, after reaching a record high in previous transactions of $1,745.49. Silver rose by 8.3% to $15.82 per ounce, after touching a record high of $62.83 at the beginning of the morning.

Dec 29, 2025radioalgerie.dz
9 Files Sent to Justice, 1060 Decisions Against Those Who Ordered Diversion

9 Files Sent to Justice, 1060 Decisions Against Those Who Ordered Diversion

Fines of six million dinars and 782 million dinars in financial liability for issuing 1100 judicial decisions and a file under the microscope. The Board of Auditors in its annual report for 2025 referred to the deputies nine detailed reports containing facts that can be described as administrative penalties, as the council issued 1125 judicial decisions, including 1060 decisions against those who ordered diversion and public accountants due to delay or failure to submit accounts at the time of audit, which included 30 decisions placing officials in a state of debt totaling 782,621,427.4 dinars. In addition, financial fines were issued against violators totaling 6,083,000 dinars, as the council prepared 734 audit reports, including review of accounts and qualitative control of management, reflecting a tightening of oversight and control.

Dec 28, 2025echoroukonline.com