Days before kick-off, ambitious economic projections for the FIFA 2026 World Cup are colliding with weaker-than-expected demand in the hospitality sector
The world is at war. The climate crisis is an epidemic of economic enormities. A crisis that now — in this post-truth, polarised and populist world — still divides opinion and is driving economic…
Hundreds of millions of dollars have flowed through Egypt's interbank market since the central bank allowed the Egyptian pound to depreciate by 13% to a historic low, bankers said on Thursday.
The…
Oil rose about 1% on Thursday supported by optimism over China's demand outlook and hopes that upcoming inflation data from the United States will point to a slower increase in interest rates.
Top…
The dramatic, multidimensional implosion of Meta; the nuclear train wreck of Elon Musk’s Twitter; the momentous labor uprising against Amazon—it wasn’t just an unusually disastrous year for America’s…
“I worked in Byblos (West Lebanon) for over 20 years. I used to make USD 50 a day. After the 2019 Lebanese banking sector collapse, my employers did not have access to their money in the banks, and…
Pandemic-related disruptions to global supply chains and the knock-on effects of Russia's war in Ukraine have driven up prices of energy, commodities, and necessities.
Here's how governments are…
As part of the repercussions of the Russian-Ukrainian war, Europe is suffering from a severe energy crisis and has come to take strict measures to ration energy consumption.
This is what some…
Oil prices jumped by 3% on Tuesday on hopes for a relaxation of China's strict COVID-19 controls after rare protests in Chinese cities over the weekend.
Brent crude futures gained $2.50, or 3%, to…
Saudi Arabia, Egypt, and Algeria have emerged as strong candidates to join the "BRICS" group, which currently houses 40% of the world's population and whose gross domestic product (GDP) exceeds the…
World stocks and oil prices fell on Monday as fresh COVID-19 curbs in China fueled worries over the global economic outlook.
The safe-haven dollar rallied, while the U.S. Treasury yield curve…
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.