An estimated 60% of all US banknotes in circulation are held outside the United States. In many parts of the world, the dollar is effectively the unofficial local currency. Al Majalla explains why.
Israel's war on Gaza is the most dangerous threat to the stability of the region and the wider world. Most observers agree that it is likely to be a long-term conflict.
Robust national capacities, the strength of institutions, and education and skills development should be at the top of the agenda in 2024 as the Kingdom pushes forward with Vision 2030
A big rise in spending in nominal terms says much more about the collapse of the pound than government spending power, as it continues to drop subsidies, including on fuel, deepening poverty rates
At COP28, we can help transform the entire climate finance infrastructure for impact. We are calling on international financial institutions and multilateral development banks to help.
Unstable geopolitics traps money in defence spending and away from economic development to this day, in a pattern that goes back to 1948. Change is needed, with big challenges ahead.
Economic reform is key to the future of a region which needs to diversify away from dependency on oil, or a reliance on international funding. There has been both resistance and progress so far.
The grain deal between Russia and China is part of a growing trade portfolio and has important implications for both countries and the rest of the world.
Memories of death and destruction during the 2006 war between Hezbollah and Israel are still ripe among Lebanese people who have yet to recover. Meanwhile, it's in a deep economic crisis.
From a devalued currency to a disproportionate impact on the tech sector and a collapse in foreign investment, the problems caused by Netanyahu's political crisis will be worse during open conflict
The impact of the crisis in the Middle East may pull millions more people into poverty. It will also complicate the reform process of the IMF and the World Bank to better reflect a changing globe.
The decision to dismantle the Peace Brigades may herald a new stage in the Iraqi state's trajectory, or it could just be a shrewd recalibration to disorient friend and foe alike
An estimated 60% of all US banknotes in circulation are held outside the United States. In many parts of the world, the dollar is effectively the unofficial local currency. Al Majalla explains why.
A new American legal ruling turns the screw on the Caribbean island nation by increasing the risks companies face by continuing to make money there. This is all part of the plan.