
Nasdaq Funds 6,500 Small Businesses Since Its Relaunch a Year Ago - Iqtissad Al Balad
Economy in disarray, Algeria's economy news, business news
Banks, financial services, lending, and fintech developments

Economy in disarray, Algeria's economy news, business news

The US dollar is heading towards its worst annual performance since more than two decades, with investors expecting the Federal Reserve to cut interest rates next year, while a number of other central banks are expected to raise them. The dollar remained under pressure from Asian trading, as a strong reading of the US GDP did not change expectations of interest rate cuts, making investors bet on...

Client operations must be in line with customer profiles and consistent with the information the bank holds about them. This is how the Bank of Algeria (BA) addresses banks in its latest note, inviting them to strengthen surveillance and vigilance in operations.

The Ministry of Finance and the Ministry of the Interior and National Trade Regulation signed a protocol agreement on Wednesday in Algiers to launch the stamp duty payment service for the commercial registry using a bank card or a gold card, according to a joint statement from the two ministries.

The National Bank of Algeria (BNA) has launched a range of Islamic banking products and services tailored for Algerian expatriates, including Islamic mortgage financing and savings accounts.

For Algeria, this means allowing businesses, particularly industrial and export-oriented ones, to access financing in ways other than exclusively through

Forcing deposits into commercial accounts through authenticated means - Cash deposits allowed... except in exceptional cases - Double scrutiny on clients who may pose a risk "Bank of Algeria" has introduced changes described as radical and historic related to cash deposits, through the adoption of authenticated payment means to be the norm for injecting funds into commercial bank accounts, and making "cash" an exception, as part of efforts to reduce the risks of money laundering and terrorist financing, especially in terms of the source of funds. These unprecedented measures were announced through a directive from Bank of Algeria addressed to banks and licensed financial institutions in the country, under number 02/ M.O.M...

Economy Disarray: Algeria's Economy in Shambles - Iqtissad Al Balad

The Algerian National Bank announced today, Tuesday, the launch of a new offer consisting of a package of financing under Islamic banking aimed at Algerians living abroad, consisting of accounts and real estate financing according to the forms of Murabaha, Ijara, and Istisna'a. This new formula, called "Bladi dz", aims to "facilitate remote financial management and encourage investment in Algeria",...

Particip App, developed by students from the University of Continuous Training Didous Mérad, has won second place in the challenge organized on the sidelines of the third annual conference of the Algerian Financial Market (COSOB), organized by the Committee for the Regulation and Supervision of Stock Market Operations, at the International Conference Center Abdelatif Rahal.

The Algerian National Bank announced on Tuesday, December 23, the launch of a range of Islamic finance products targeted at Algerians living abroad. According to the bank, this range includes current accounts and real estate financing based on murabaha, ijara, and istisnaa formulas. Watch the full content on El Watan Online

The National Bank of Algeria has launched a new offer consisting of a range of Islamic banking products and services targeted at Algerians living abroad.