Economic Policy

Government economic decisions, reforms, budgets, and fiscal policy

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Local Development Bank Announces 50% Reduction on Consumer Loans During Ramadan

Local Development Bank Announces 50% Reduction on Consumer Loans During Ramadan

The Local Development Bank announced today, Saturday, in a statement, an exceptional 50% reduction on the absolute profit margin on consumer loans according to Islamic banking, aimed at purchasing electrical and electronic appliances, during the month of Ramadan. These loans, which comply with the 'consumer Murabaha' formula, benefit from an 'exceptional reduction of 50% on the profit margin, which decreases from 8.5% to 4.25%, allowing citizens to finance their projects under more favorable conditions,' according to the public bank that is launching this initiative for the second consecutive year.

Feb 21, 2026radioalgerie.dz
Public Works: Djilawi Chairs Meeting to Follow Up on the Eastern Mining Line Project

Public Works: Djilawi Chairs Meeting to Follow Up on the Eastern Mining Line Project

The Minister of Public Works and Basic Infrastructure, Abdelkader Djilawi, chaired a working session dedicated to following up on the implementation of the Eastern Mining Line project Annaba-Belad El Hadba, particularly in the section linking the municipalities of Bouchakouf and Driâa over a distance of 121 km, according to a statement from the ministry. The meeting, which took place at the ministry's headquarters, was attended by a representative from the ministry and the director general of the National Agency for Studies and Monitoring of Investments in Railways (ANSERIF), along with its central staff and representatives of the Algerian-Chinese consortium responsible for the execution, who participated via video conferencing directly from the project site in Souk Ahras.

Feb 21, 2026radioalgerie.dz