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Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt, June 7, 2017. REUTERS/Mohamed Abd El Ghany

Egypt's Currency Slides as IMF Deal Triggers New FX Regime

Egypt's pound slid 13.5% to a record low against the dollar on Thursday as authorities announced a $3 billion International Monetary Fund deal with a commitment to a "durably flexible exchange rate…

27 October 2022
A street trader arranges fresh vegetables and fruit on a street in Pietermaritzburg, South Africa May 21, 2017. REUTERS/Rogan Ward

Global Inflation Causing 'Horrifying' Food Insecurity, Says IMF Africa Head

Africa's central banks are walking a tightrope trying to curb inflation that is mostly out of their control and causing "horrifying" food insecurity, the International Monetary Fund's Africa head…

14 October 2022
Representative Image Image Credit: ANI

Protesters Outside IMF, World Bank Meeting Venues Demand Urgent Climate Action

Dozens of protesters demonstrated outside the annual meetings of the International Monetary Fund and the World Bank in Washington D.C. on Thursday, expressing opposition to funding of fossil fuels…

13 October 2022
The International Monetary Fund Managing Director, Kristalina Georgieva, speaks at a conference in Riyadh, Saudi Arabia, October 3, 2022. REUTERS/Ahmed Yosri

Global Recession Can Be Avoided With Right Fiscal Policies -IMF's Georgieva

Global recession can be avoided if governments' fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the…

03 October 2022
A customer stands in front of empty shelves for some coffee products inside a supermarket in Tunis, Tunisia September 3, 2022. REUTERS/Jihed Abidellaoui/File Photo

Tunisian Labour Union Warns of Strikes As IMF Talks Loom

Tunisia's powerful UGTT labor union has no deal with the government on reforming subsidies and publicly owned companies and will lead street protests over any "painful" changes, it said on Monday,…

03 October 2022
Lebanese caretaker Minister of Economy and Trade Amin Salam speaks during a press conference after his meeting with a delegation from the International Monetary Fund, in Beirut, Lebanon, Tuesday, Sept. 20, 2022. Salam said crisis-hit Lebanon hopes to adopt key reforms demanded by the International Monetary Fund for a bailout including banking restructuring and banking secrecy laws before the end of next month if there is "political will." (AP Photo/Bilal Hussein)

Lebanon Aims To Adopt Long-Delayed IMF Reforms in October

Crisis-hit Lebanon hopes to adopt key reforms demanded by the International Monetary Fund for a long-delayed but urgently needed bailout before the end of next month if there is “political will”,…

AP 20 September 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
Palestinian novelist Basem Khandakji
Culture & Social Affairs

Basem Khandakji on exile, imprisonment, and purpose

26 November 2025

The Palestinian novelist who won the Arabic Booker Prize in 2023 from behind Israeli prison walls speaks to Al Majalla about his extraordinary life and literary journey

El-Sayed Hussein
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
Pope Leo XIV presides over the Holy Mass at the Volkswagen Arena, during his first apostolic journey, in Istanbul, Türkiye, on 29 November 2025. REUTERS/Umit Bektas
Politics

Why Pope Leo XIV chose Türkiye as his first foreign trip

29 November 2025

Anatolia's foundational role in early Christianity is why it is at heart of the Catholic Church's efforts to build closer ties with the Greek Orthodox Church in Istanbul

Omer Onhon

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OPINIONS

Netanyahu's idea of a reshaped Middle East

Fares Garabet
Fares Garabet

The Moroccan dirham emerges as an alternative currency in African markets

Mohamed Sharki
Mohamed Sharki

Saudi Arabia and the US: renewing a long partnership

Al Majalla - London
Al Majalla - London

No US-Saudi defence treaty yet, but a good first step

Abdullah F. Alrebh
Abdullah F. Alrebh
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