The dollar dominance has been a matter of controversy since the last decades of the 1900s. IMF reports show that the Dollar's share in the global foreign exchange reserve fell from 70% in 1999 to 59%…
Ever since Bitcoin exploded onto markets, governments around the world have been exploring how to digitize their currencies. A total of 87 countries representing over 90 percent of global GDP are…
In mid-April, the MENA growth forecast of the World Bank anticipated that the economies of Arab oil exporter countries “are expected to grow by 5.2% in 2022, the fastest rate since 2016, on the back…
The photo accompanying this text reflects the times when Tunisia, strong in its achievements and its financial reputation, held the vice presidency of the annual meetings of the IMF and the World…
In the early 1980’s, Saudi King Fahad bin Abdul Aziz, who ruled between 1982 and 2005, believed in agriculture as a pillar of self-dependence. He worked hard to achieve wheat self-sufficiency relying…
Egyptians are bearing the brunt of the Russian-Ukrainian war which broke out in February as food and other commodity prices are soaring.
According to the Central Agency for Public Mobilization and…
Since the beginning of the Russian invasion of Ukraine, in February, the Egyptian economy has been weathering a significant amount of pressure, that poses a serious threat to the hard-earned gains of…
A rapidly growing economy usually brings rounds of cheers. Business is booming, innovation reaches new heights, and buyers can't get enough. But when that growth accelerates too fast, inflation isn't…
Wars or military confrontations always come with dramatic, impactful changes. The economy is the most fragile or the weakest link that can be shaken with the first sign of instability. Unprecedented…
“From time to time, my wife surprises me with a shopping list a few minutes before I leave the office. It’s hassling to drop by the supermarket in the rush hour. I resort to grocery and supermarket…
Disruption in the Hormuz can have major implications for global trade, but it also creates opportunities for smaller nations like Iran to become global political players
The Iraq war was viewed as disastrous in retrospect, while the Iran war was unpopular from the get-go. Al Majalla highlights the similarities and differences between the two.
Pipelines have a chequered history in the Middle East, but the closure of the Strait of Hormuz has led US Tom Barrack to conclude that a new route through Syria could solve some problems.