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Al Majalla

Revaluing US gold reserves comes with pros and cons

Fort Knox's undervalued bullion could help the nation with its debt if it is given a more up-to-date price tag, some say. Others think it could lead to a global monetary realignment.

Toufic Chanbour 07 November 2025
Ewan White

Why some Germans want to repatriate their gold from the US

Where one's gold sits is not just a matter of security, prestige, or practicality; it is a matter of trust and confidence, both of which seem to be in short supply as a result of Donald Trump's polici

Toufic Chanbour 04 July 2025
A billboard in the middle of a public street shows the size of the US debt, December 30, Washington, D.C., 2024. AFP

Why US ‘white swan’ debt can't be wished away by cuts

With an average monthly fiscal deficit of $150bn, there are no good options for Donald Trump, who boasts of defaulting on debt in corporate life. Will he do the same with America's $36tn I-O-U pile?

Toufic Chanbour 29 March 2025
The decision to cut interest rates not by 0.25% but by 0.5% lets industry and money markets breathe a sigh of relief after two years of stress and turmoil. Eduardo Ramon

What do US interest rate cuts mean for the economy and election?

Donald Trump will not be happy but Kamala Harris could benefit from this week's decision along with borrowers, consumers, and investors

Khaled Kassar 19 September 2024
 Shutterstock

The gleaming of gold in global markets suggests volatility ahead

A safe haven in turbulent times, there are deeper reasons why gold still shines, including a possible role in finding a dollar alternative, but drawing lessons from the past is increasingly difficult.

Toufic Chanbour 29 May 2024
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. REUTERS/Evelyn Hockstein

Fed's Powell Says Inflation Battle Not Won, More Rate Hikes Coming

The Federal Reserve will deliver more interest rate hikes next year even as the economy slips towards a possible recession, Fed Chair Jerome Powell said on Wednesday, arguing that a higher cost would…

14 December 2022
The Federal Reserve building is pictured on Tuesday August 6, 2019. (Getty)

The Twilight of America’s Financial Empire

When Iraqi lawmakers voted to expelU.S.forces from the country earlier this month, the Trump administration’s response was swift and forceful: it refused to withdraw and, for good measure, threatened…

Henry Farrell and Abraham Newman 31 January 2020
  • Popular
  • Editor's Pick
Mark Smith
Politics

Mojtaba Khamenei: Iran’s third Supreme Leader

12 March 2026

The appointment represents one of the most consequential political shifts in the Islamic Republic in more than three decades

Al Majalla - London
IRGC soldiers march during the annual military parade marking the anniversary of the outbreak of the devastating 1980-1988 war with Saddam Hussein's Iraq, in the capital Tehran on 22 September, 2018. AFP
Politics

The US-Iran war could empower the IRGC

09 March 2026

When states are attacked, authority gravitates towards institutions capable of mobilising resources, enforcing discipline, and coordinating a military response

Alex Vatanka
Demonstrators wave Iranian national flags as they gather for a rally in support of the new Supreme Leader at Enghelab Square in central Tehran on 9 March 2026. AFP
Politics

Why regime change in Iran is unlikely

10 March 2026

There are few examples of successful US regime-change operations in history. And without permanent ground troop presence, these wins can easily be reversed.

Christopher Phillips
Tugboats help an oil tanker dock at Qingdao port in Shandong province, eastern China, on 4 August 2019. AFP
Business & Economy

The US-Iran war could consolidate China’s energy dominance

10 March 2026

Crises often reorder energy geopolitics in unexpected ways. This one may ultimately strengthen, rather than weaken, China's strategic position.

Jason Bordoff and Erica Downs
Iran's President Masoud Pezeshkian is greeted by Egypt's President Abdel Fattah el-Sisi during the D-8 summit in Cairo, Egypt, on 19 December 2024. AFP
Politics

Egypt fears an unrestrained Israel if Iran collapses

06 March 2026

Cairo and Tehran have been at loggerheads since 1979, but the Iranian threat has always acted as a check on Israeli ambitions. If Iran is completely defeated, Israel will reign supreme.

Amr Emam

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OPINIONS

Trump's positive war spin falls on deaf ears

Con Coughlin
Con Coughlin

Seasons of light: Ramadan through ancient travellers' eyes

Yasmin Abdallah
Yasmin Abdallah

US-Iran war shakes Gulf markets

Amer Ziab Al-Tamimi
Amer Ziab Al-Tamimi

Mission creep: Trump's goal in Iran remains unclear

Ramzy Ezzeldin Ramzy
Ramzy Ezzeldin Ramzy
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