dollar

Central banks turn back to gold as uncertainty mounts

For the first time in nearly three decades, central banks’ combined gold reserves now exceed their US Treasury holdings—a symbolic shift reflecting diversification away from dollar assets.After the…

Al Majalla - London 28 October 2025

A model of the euro in front of the European Central Bank headquarters in Frankfurt, Germany.

Reuters

The euro’s global moment: real opportunity or historical trap?

As the euro strengthens amid a weakening dollar, analysts see it more as a rebalancing of the global financial order rather than an innate superiority of the European currency

Toufic Chanbour 06 August 2025

Diana Estefanía Rubio

The dollar still rules the global economy

Today, the US dollar is the most prominent currency in the world. This is tied to the fact that the US has the largest economy, along with the dollar’s use globally, as most countries worldwide rely…

Al Majalla - London 25 February 2025

As Egypt hopes to free itself from the pressure posed by the dollar, it looks to join BRICS, which some see as a potential counter-alliance and future rival of G7.

Ewan White

Egypt seeks BRICS membership to free itself from the dollar

As Egypt hopes to free itself from the pressure posed by the dollar, it looks to join BRICS, which some see as a potential counter-alliance and future rival of G7.

Marcelle Nasr 16 August 2023

The battle with the greenback for global supremacy will be long – even with the fight underway, rivals are not ready to replace it.

Nicola Ferrarese

Don’t expect currency wars to dethrone the dollar yet

The US currency has faced rivals before. Its reserve currency status looks safe while rivals like China's renminbi and the euro are without key advantages underpinning its international appeal.

Toufic Chanbour 28 May 2023

U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration

U.S. Dollar Holds Firm Ahead of U.S. Inflation Data

The U.S. dollar held its ground on Wednesday as traders waited for this week's U.S. consumer price data to see whether it will confirm that inflation is in retreat. The euro flattened against the…

11 January 2023

Coins of a one Egyptian pound are seen at the Mint Museum, in Cairo, Egypt January 25, 2021. REUTERS/Amr Abdallah Dalsh

Egypt's Currency Weakens to 26.49 to the Dollar

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…

04 January 2023

U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won

Dollar Steadies After Recent Falls, Gains on Pound and Yen

The pound and Japanese yen edged off multi-month highs against the dollar on Monday as traders, investors and analysts started to speculate whether the greenback's recent bout of weakness was coming…

05 December 2022

Dollar Faces Biggest Monthly Loss Since 2010 Ahead of Powell

The dollar fell on Wednesday ahead of a speech by Federal Reserve Chair Jerome Powell and a look at private-sector employment data for November, as it barrelled towards its biggest monthly loss since…

30 November 2022

Dollar Holds Losses as Fed Minutes Signal Slower Rate Hikes

The U.S. dollar held onto losses on Thursday after the minutes from the Federal Reserve's November meeting supported the view that the central bank would downshift and raise rates in smaller steps…

24 November 2022

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US President Donald Trump welcomes Saudi Crown Prince Mohammed bin Salman to the White House on 18 November 2025, in Washington, DC.

Win McNamee / Getty

Politics

Saudi Arabia and the US: renewing a long partnership

28 November 2025

Al Majalla's December cover story highlights the signficance of Saudi Crown Prince Mohammed bin Salman's visit to Washington in November

Al Majalla - London

Opinion

Events have shown that Israel's might has its limits

01 December 2025

Israel's aggression and territorial expansion have become a political, financial, and moral burden, as they have on its Western government allies, who find it increasingly difficult to defend

Majed Kayali

Russian President Vladimir Putin and Egypt's President Abdel Fattah el-Sisi attend a welcoming ceremony for participants of the BRICS summit in Kazan on 22 October 2024.

Maxim Shemetov / POOL / AFP

Politics

Egypt's multipolar balancing act is paying off

26 November 2025

With nuclear know-how from Russia, weapons from America, infrastructure from China, and money from the Gulf, Egypt is making the most out of a world with many powers.

Amr Emam

Lina Jaradat

Business & Economy

The Moroccan dirham emerges as an alternative currency in African markets

25 November 2025

As European banks retreat, debt balloons, and price volatility spooks central banks, Morocco's national currency is increasingly being used in continental trading.

Mohamed Sharki

A work from Syrian artist Shadi Abu Saada's latest exhibition, 'Migrants'.

Mark Hachem Gallery

Culture & Social Affairs

Shadi Abu Saada’s take on the migrant experience

13 November 2025

The Syrian artist's works on display in Beirut consider the hopes and dreams of migrants, the walls they face, and their eventual arrival in a safe harbour

Mimoza Al-Arrawi

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