Banking & Finance

Banks, financial services, lending, and fintech developments

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Economic Policy
The dollar heads for weekly gains amid doubts about the peace agreement with Iran

The dollar heads for weekly gains amid doubts about the peace agreement with Iran

The US dollar is on track to record weekly gains against major currencies during Friday's trading, supported by increasing doubts about the chances of reaching a peace agreement with Iran, which has boosted demand for the US currency as a safe haven in times of uncertainty. The dollar also received additional support from rising US Treasury yields, following a report published by the Financial Times.

Aug 7, 2026al24news.dz
Banking & Finance
Gold Heads for Best Weekly Gains Since Start of the Year

Gold Heads for Best Weekly Gains Since Start of the Year

Gold prices rose in trading on Friday, on track to achieve the largest weekly gains since January 2026, supported by a decline in oil prices. December gold futures rose by 1.02% to $4343.20 per ounce. Spot gold prices increased by 1.18% to $4289.62 per ounce, after reaching their highest level in seven weeks on Thursday, with prices rising by...

Aug 7, 2026echaab.dz
Regulatory & Legal
Golden and bank cards and transfers to pay taxes... and 17 reasons for rejection!

Golden and bank cards and transfers to pay taxes... and 17 reasons for rejection!

An instant electronic receipt equipped with a QR code to prove the validity of the payment process calls for regularly changing the password and avoiding pressure at the last deadlines for declaration. The General Directorate of Taxes, under the Ministry of Finance, has launched a new guide that explains, for the first time in detail, the mechanisms of electronic payment through the 'Jabaytik' platform, aimed at assisting taxpayers in using the new digital service. The guide, which 'Echorouk' has reviewed, reveals 17 reasons that may lead to the rejection of electronic payment operations, in addition to the conditions for benefiting from the service, payment methods, and how to monitor operations and avoid the most common mistakes. In this context, the General Directorate of Taxes has identified, in a new guide, 17 reasons for rejecting electronic payment operations.

Aug 5, 2026echoroukonline.com
Banking & Finance
Net profits exceeding 100 billion for the Algerian Insurance Company

Net profits exceeding 100 billion for the Algerian Insurance Company

The Algerian Insurance Company concluded the fiscal year 2025 with a net profit of 1.12 billion DZD and a total budget of 110 billion DZD, according to a statement. According to the social accounts of this public insurer approved by the ordinary general assembly held on June 17, the net profits were distributed with 450 million DZD for profits, 56 million DZD for legal reserves, and 613.3 million DZD for optional reserves, according to the same statement. On the commercial front, the company achieved a turnover of 30.54 billion DZD, marking an increase of 2 percent compared to 2024, according to the same report. This growth is mainly attributed to a branch outside the major accounts.

Aug 5, 2026echoroukonline.com
Regulatory & Legal
Bank Localization and Import Operations: Approval of Additional Deadlines for Completing Procedures

Bank Localization and Import Operations: Approval of Additional Deadlines for Completing Procedures

The Ministry of Foreign Trade and Export Promotion announced the granting of additional deadlines to operators active in the field of resale imports. This is for the purpose of completing bank localization procedures and fulfilling various procedures related to import operations. This came in a statement issued by Kamal Rezig's services today, Wednesday. The ministry noted the extension of the validity period of the estimated program visa directed towards the bank localization process from 45 days to ninety days.

Aug 5, 2026radioalgerie.dz
Banking & Finance
Official Move to End Cash Dominance and Annual Report on Cash Liquidity

Official Move to End Cash Dominance and Annual Report on Cash Liquidity

Preparation of the national strategy to develop written and electronic payment methods 'Algeria Post', banks, and monetary authorities, with experts included in the formation in a new step aimed at reducing the dominance of 'cash' in financial transactions. The Bank of Algeria has laid the regulatory foundation for the National Payment Committee, the body that will lead the plan to generalize electronic and written payment methods in Algeria. The authorities are betting on this step to accelerate the transition to a society less dependent on cash liquidity and more reliant on bank cards and modern payment methods, in line with the digitization of the economy and improving the transparency of financial transactions. In this context, the Bank of Algeria issued system number 26-01 dated May 31, 2026, which...

Aug 4, 2026echoroukonline.com