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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
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  • Editor's Pick
Forces that seized control of the Second Military Region Command on the outskirts of Al Mukalla, the capital of Hadramout, on 3 January 2026. AFP
Politics

Saudi Arabia's red line in Yemen explained

08 January 2026

Overcoming Yemen's fragmentation requires more support for the Riyadh-led path—one that rejects secession, all militias and institutionalises the state

Abdullah F. Alrebh
A Venezuelan oil tanker in the middle of the sea near Singapore, after being pursued by US authorities, on 18 March 2025. Reuters
Business & Economy

The problem with Venezuela's oil is technical, not political

04 January 2026

Tighter US control over Venezuelan exports won't necessarily redirect barrels, reshape trade flows, or alter global supply balances

Faisal Faeq
Al Majalla
Politics

5 unanswered questions about Trump’s Venezuela plan

06 January 2026

Maduro's exit doesn't mean the end of his government

Ravi Agrawal
Al Majalla
Documents & Memoirs

Putin foreshadowed the Ukraine war in 2008 meeting with Bush

06 January 2026

Recently declassified meeting minutes between the two leaders show how Washington was well aware of Moscow's grievances over NATO expansion, but went ahead anyway

Samer Elias
People ride in an old electric tram in Alexandria, Egypt, on 3 August 2017. REUTERS/Amr Abdallah Dalsh
Culture & Social Affairs

Alexandria bids farewell to its historic tram

07 January 2026

More than 160 years after the first tram was inaugurated in the Egyptian city, the pace of life has forced change, replacing the much-loved old carriages holding memories of a bygone age

Yasmin Abdallah

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OPINIONS

Change is coming in Iran

Arash Azizi
Arash Azizi

2025 global health achievements and 2026 priorities

Tedros Adhanom Ghebreyesus
Tedros Adhanom Ghebreyesus

With protests at home and threats abroad, Iran looks rattled

The Economist
The Economist

Saudi Arabia's red line in Yemen explained

Abdullah F. Alrebh
Abdullah F. Alrebh
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