Although normalized, upon closer inspection, the corporation concept seems to be a strange development. Over the years, they have been given legislative rights of individuals, without a need to be…

Two years ago, I predicted in Foreign Affairs that the COVID-19 recession, coming on top of the financial crisis of 2008, would lead rich democracies to redefine the outer limits of their monetary…

Islamic finance encompasses Islamic securities (Sukuk), banking, leasing, Islamic insurance (takaful) and financing. Islamic financial markets have been a subject of talks for the past decade. This…

It is early morning in the Negev desert, a battalion of soldiers crawls across the desert sand with assault rifles cocked. It’s a routine military exercise, but these are no ordinary combatants -…

Over a year into U.S. President Joe Biden’s first term, the United States is still fighting former President Donald Trump’s economic wars. Biden’s rhetoric is less extreme and more polite, but his…

The recent rise intheinterest rateraisedseveral questions, especially after a long-term decline in interest rates. Some said it is the end of low-interest rates and cheap money; others state that…

Iranian state television reported that “thieves cut into the vault of a branch of Bank Melli (Persian for National Bank) from a neighboring building in Tehran.” As a result, hundreds of Iranians lost…

As trade officials gather on the calm shores of Lake Geneva for the World Trade Organization’s long-delayed 12th ministerial conference, a perfect storm is brewing in the multilateral trading system…

Recently, many editorials of leading American newspapers criticized President Joe Biden for his repeated claims that the Russian invasion of Ukraine was the main cause for the staggering inflation…

The Egyptian government has signaled its intention to press ahead with seismic plans to sell off huge stakes in key national enterprises, including those run by the country’s powerful military, in…