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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
  • Popular
  • Editor's Pick
Pep Boatella
Politics

Al-Jawf: the key to defeating the Houthis

05, Nov 2026

The battle for this strategically important and resource-rich province tests the Yemeni army's ability to tilt the military balance in its favour

Al Majalla - London
Saudi Arabia's Defence Minister Prince Khalid bin Salman Al-Saud, Pakistan's army chief General Syed Asim Munir, and Turkey's intelligence chief Ibrahim Kalin in Tehran on 26 October 2026. IRANIAN PRESIDENCY / AFP
Politics

Pakistan’s balancing act in a fragmenting world

07, Nov 2026

Staying friends with the Turks, Chinese, Russians, Americans, Europeans, Iranians and Saudis simultaneously is a big ask for Islamabad's diplomats, but somehow they are managing it

Kaswar Klasra
Politics

Can the Democrats prevent a new round of war with Iran?

05, Nov 2026

Despite the war's unpopularity, Trump seems determined to press on until he can claim a decisive victory, whether by diplomacy, force, or a combination of the two

Aqeel Abbas
Eduardo Ramon
Profiles

Abdul El-Sayed: the progressive Michigander who beat the pro-Israel lobby

07, Aug 2026

The Egyptian-American epidemiologist became the first Muslim senator in US history, despite $70mn spent to defeat him in the Democratic primary

Tarek Rashed
French author Philippe Djianada looks out from a window at the Drouant restaurant in Paris, following his win of the French Goncourt literary prize for his novel "The Unknown Woman of Quai de Javel," on 3 November 2026. REUTERS/Christian Hartmann
Culture & Social Affairs

A novel about a murder in Paris wins the 2026 Goncourt

06, Nov 2026

French novelist Philippe Jaenada's novel 'The Unknown Woman of Quai de Javel' wins big, while the Prix Renaudot goes to François-Henri Désérable for his novel about an unlikely wine expert

Najeeb Mubarak

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OPINIONS

Is Israel ready for its first non-Ashkenazi prime minister?

Kamal Alam
Kamal Alam

Pakistan’s balancing act in a fragmenting world

Kaswar Klasra
Kaswar Klasra

Americans care about foreign policy. Now Democrats must listen to them.

Howard W. French
Howard W. French

New Black Sea attacks raise threat of global food crisis

Abdel-Rahman Ayas
Abdel-Rahman Ayas
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