The Saudi business sector got a hard blow in 2020. Tens of thousands of employees lost their jobs in different sectors due to the lockdown and the oil price crash. The GDP declined by 4.1% last year…

President Joe Biden’s decision to donate 500 million COVID-19 vaccines to other countries by June 2022 is an important step toward restoring the United States’ global standing. Another, parallel…

What price will the United States pay for the end of dollar hegemony, if indeed dollar hegemony ends? Paul Krugman, New York Times columnist and Nobel Prize laureate, suggests that concern over the…

World Bank has rejected El Salvador’s decision to adopt Bitcoin as legal tender, noting that it would have dire economic consequences. It refused to provide any kind of assistance for the country’s…

No country has escaped the setbacks caused by the pandemic, but its impact on low-income countries is particularly devastating. The World Bank estimates that the pandemic and efforts to contain it…

As the Egyptian parliament has approved a sovereign sukuk law this month, Egypt is now officially entering the Islamic finance market for the first time, with the volume of sukuk issuances reaching …

Turkey has been forcing people for almost a year now to trade using its local currency in different Syrian regions that lie on its southern border and are under its army’s control. Likewise, these…

The United States and China are locked in a contest for influence over the rest of the world. The new great-power competition looks in this sense very much like the one that took place during the…

Iran has recently taken a decision to ban the mining of Bitcoin blocks on its territory for a period of 4 months. Iran had started mining Bitcoin at the beginning of 2019 with an official decision…

Despite the abundance of oil in the Kingdom of Saudi Arabia, the new leadership in Riyadh is totally convinced that selling oil and using the revenues to run the country will not continue forever. …