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.
The ill-fated coup of October 2021 cost Sudan and its people nearly $9bn. Meanwhile, experts estimate that the direct and indirect costs of the Sudanese war hover around $100mn per day.
Politics were played down when Russia brought former Soviet states into a trading bloc to counter the EU. But suspicions over deeper motives were there from the start. Sanctions are a major test.
Saudi Arabia continues to strengthen its financial and economic position in 2024 with increased spending in its public budget despite global economic uncertainty
Changes to Tunisia's Central Bank and banking laws are expected to boost accountability and end the influence of corrupt business families. But fears of politicisation still linger.
A stuttering post-pandemic economy in Morocco has led to high unemployment, especially among graduates leaving an education system which needs to better equip them for an evolving labour market
Adopting people-centric AI with responsible and ethical regulation will unlock its positive potential, leading to a future that strengthens human capabilities and elevates the economy.
The progress made in diversifying the Saudi economy is evident from one number: 32%. Incredibly, Vision 2030 has taken non-oil revenue to a third of national income in 2022. Al Majalla explains.
From Mesopotamia, credited with inventing cuneiform writing and having a thriving economy, to today's burdened Iraq, there is still an opportunity for economic reform and societal development.
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.