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Al Majalla

When the international debt mountain threatens to collapse

With public and private liabilities worldwide estimated at a staggering $353tn and with many gearing up to borrow more, all agree that there is a problem, but few agree on how to solve it

Mohamed Sharki 14 September 2026
US Secretary of the Treasury Scott Bessent speaks during a press conference in Washington, DC on 24 August 2026. KENT NISHIMURA / AFP

The US bond crisis highlights a deeper fiscal rot

Scott Bessent is breaking the glass to check rising bond yields, but the fix is flawed

Keith Johnson 25 August 2026
Stock markets reacted to an uptick in US inflation, suggesting that President Donald Trump's tariffs were impacting the American economy. Angela Weiss/AFP

Why bond markets are unnerving rich-world politicians

As stocks rise ever higher, yields have been climbing ominously

The Economist 21 August 2026
The state's refusal to engage with bondholders risks keeping Lebanon out of the funding markets, draining its remaining reserves as creditors seek redress. Nash Weerasekera

A huge legal battle between Lebanon and its creditors looms

The state's refusal to engage with bondholders risks keeping Lebanon out of the funding markets, draining its remaining reserves as creditors seek redress

Salwa Baalbaki 21 April 2024
Egypt's Minister of Finance Mohamed Maait at the 2019 Russia-Africa Summit and Economic Forum, at the Sirius Park of Science and Art. (Getty)

For the First Time — Egypt Debuts Islamic Finance Market

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 …

Menna A. Farouk 18 June 2021
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Turkish Foreign Minister Hakan Fidan, Pakistan's Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, and Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al Saud in Riyadh, Saudi Arabia, on 5 October 2026. Turkish Foreign Ministry/Handout via REUTERS
Politics

The Mecca Defence Alliance faces its first practical test

07, Oct 2026

Türkiye and Pakistan have stepped up to help Saudi Arabia after it came under attack from the Houthis. The trio's coordination comes at a crucial time

Kaswar Klasra
Nash
Politics

After October 7: new faces, changing maps

08, Oct 2026

Al Majalla examines this changed landscape—from Israel's domestic political scene to its external ambitions, where it occupies large swathes of new territory in the West Bank, Lebanon and Syria

Al Majalla - London
The leaders of Egypt, Somalia, Sudan and Eritrea met in Alamein Egypt on 4 October to discuss regional tensions. Eritrea Ministry of Information via X
Politics

Have Ethiopia's neighbours formed an alliance against it?

06, Oct 2026

The leaders of Egypt, Somalia, Sudan, and Eritrea met in Alamein on Sunday, which some interpret as a formation of a loose security alliance aimed at influencing the geopolitics of the Horn of Africa

Amr Emam
Al Majalla
Business & Economy

Why Europe’s gold is on the move

07, Oct 2026

Headlines have centred on the flight of bullion while commentators have speculated about the prompts. The reality is a little more nuanced

Abdulfattah Khattab
Culture & Social Affairs

The seven Arab films vying for an Oscar

08, Oct 2026

From Gaza to Egypt, Lebanon, Morocco, Jordan, Iraq, and Algeria, this year's Arab Oscar submissions explore stories of conflict, displacement, memory, and survival

Wael Said

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OPINIONS

After October 7: new faces, changing maps

Al Majalla - London
Al Majalla - London

The seven Arab films vying for an Oscar

Wael Said
Wael Said

Will Israel rethink Lebanon?

Frederic C. Hof
Frederic C. Hof

Life in southern Syria under Israeli expansion

Gisella Ligios
Gisella Ligios
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