From time to time, we hear about victims of financial fraud in the Saudi mainstream media. Fraudsters use different techniques to lure victims who are stripped of their money in conventional and…
The time for digital transformation is now. Not tomorrow, not next year, but right now. Of course, this will come as no surprise to most business leaders, as Covid-19 has sped up the digitization of…
The World Bank has recently warned that economies of the Middle East and North Africa (MENA) region are suffering a sudden accumulation of public debt owing to challenges caused by the coronavirus …
The COVID-19 pandemic has thrown the debate over U.S. economic “decoupling” from China into stark relief. Former President Donald Trump made the curtailment of economic ties with China a cornerstone…
The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.
The 193…
The pandemic produced the kind of fallout that gives economists nightmares. An initial drop in economic output that exceeded the Great Depression. Sudden job losses that outpaced modern records.
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In the quarter century preceding the global COVID-19 pandemic, the world achieved something astonishing: worldwide poverty fell by more than 60 percent. Foreign aid played an important role in…
As the current economic crisis mounts in Turkey, Syrian lands in the northern east and west territories controlled by Ankara are making up for the Turkish fiscal deficit. Additionally, these areas…
After activating the new tourist visa regime in 2019, Saudi Arabia has become a new destination for tourists who love to explore the Kingdom and experience unique adventures that do not exist…
The oil giants ExxonMobil and Chevron each have assets valued in the hundreds of billions of dollars. Last year, The Wall Street Journal recently revealed, the two companies considered what would…
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.