The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5% on Oct. 27, according Refinitiv Data.
It was about 24…
A Lebanese prosecutor said on Thursday she had ordered security forces to bring in for questioning a Lebanese actress for whom central bank chief Riad Salameh was suspected of buying luxury property…
India's wholesale price inflation slowed in August helped by a fall in commodity prices, but double-digit price gains for the 17th month raise the chance for more rate hikes this month.
The…
The U.S dollar climbed to a 20-year high against other major currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down…
Two years ago, I predicted in Foreign Affairs that the COVID-19 recession, coming on top of the financial crisis of 2008, would lead rich democracies to redefine the outer limits of their monetary…
The Turkish lira continues to touch record lows, the first of its kind, at a time when the Central Bank is trying to control its exchange rate against foreign currencies.
The lira continues its…
When Israel considers its next move after Iran's retaliatory attack, it is not simply calculating the cost and benefits of a response but will also be creating a new equation for future exchanges.
From the Israeli attack on the Iranian consulate in Damascus to Iran's retaliation on Israel, the Syrian leader has been acting strangely normal. Al Majalla gives a breakdown of the past two weeks.
The unprecedented Iranian retaliation was an attempt to reestablish its deterrence and remind the region of its capabilities, which were seemingly eroded over the years.
The world remains distracted by other conflicts and crisis, but with this large African country on the brink of famine and no end in sight to the fighting, there are warnings that Sudan could splinter
Its direct military action on Israel showed how the strategic calculus in a turbulent region has changed. Will the US try to use Iran's strike on Israel to hit back at Tehran and weaken it regionally?