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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
US President Donald Trump speaks during a reception with business leaders on the sidelines of the World Economic Forum (WEF) annual meeting in Davos on 21 January 2026. Photo by MANDEL NGAN / AFP
Politics

In Davos, a tale of two speeches

22 January 2026

Trump follows Greenland threats by announcing a "future deal," while Canada's prime minister describes it all as a "rupture in the world order"

Ravi Agrawal
Syrians celebrate in Raqqa on 19 January 2026, after Syria and the SDF struck a wide-ranging deal to bring Kurdish civilian and military authorities under central government control on Sunday. REUTERS / Karam al-Masri
Politics

Why Syrian army gains against the SDF unnerve Israel

20 January 2026

Israeli media have painted the "defeat of the Kurds" as a win for Türkiye, while Israel's military worries that this may carry negative implications for its presence in the Golan

Michael Harari
Opinion

The battle for the state is reshaping regional alliances

18 January 2026

From Yemen and Syria to Sudan and Libya, there is a concerted effort to reassert state authority and thwart moves toward the proliferation of quasi-states and fragmentation

Ibrahim Hamidi
A general view of a concrete block marking the "Yellow Line" drawn by the Israeli military in Bureij, central Gaza Strip, on 4 November 2025. BASHAR TALEB / AFP / Al Majalla
Politics

Is Israel annexing more than half of Gaza?

20 January 2026

The ambiguous meaning of Israel's new yellow line

Giovanni Legorano
Egyptian President Abdel Fattah al-Sisi (R) shakes hands with Sudan's army chief General Abdel Fattah al-Burhan in Cairo on 18 December 2025. AFP
Politics

Egypt stiffens its resolve to stop Sudan fragmentation

18 January 2026

For Cairo, stability in its southern neighbour is a national security issue. After almost three years of seeking a diplomatic solution, there are signs that it is now turning to firepower.

Amr Emam

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OPINIONS

Emerging Kurdish divisions threaten Syria’s peace

Omer Onhon
Omer Onhon

Somali foreign minister eyes Saudi-Egypt alliance

Ahmed Maher
Ahmed Maher

Nobel winner Jon Fosse: my language is my homeland

Jaber Muhammad Madkhali
Jaber Muhammad Madkhali

US-NATO crisis averted after Greenland issue 'resolved'

Con Coughlin
Con Coughlin
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