With public and private liabilities worldwide estimated at a staggering $353tn and with many gearing up to borrow more, all agree that there is a problem, but few agree on how to solve it
Many of the big regional energy producers retain strong credit ratings as they boost their borrowing. How the money is spent will determine the wisdom of each approach.
As European banks retreat, debt balloons, and price volatility spooks central banks, Morocco's national currency is increasingly being used in continental trading.
Policymakers' main worry ahead of Rachel Reeves' announcements this week centred on the reaction of the bond markets. So far, they have received a cautious welcome.
Macron has spent a fortune, bond yields are going up, stocks are falling, Brussels is demanding reform, the IMF is preparing an emergency package, and populists are at the gate... Sacré bleu!
The Egyptian Pound is weak, and the country is losing income from Houthi missiles, causing ships to avoid the Suez Canal. The timing is bad, as Cairo asks the IMF for $750mn in loans.
The global debt burden decreased for the second year in a row, even though it remains above its already-high pre-pandemic level, according to the latest update of the International Monetary Fund’s…
Downgrade was prompted by declining foreign exchange inflows, continued restrictions to the Egyptian pound's exchange rate, as well as external pressures to the economy
Egypt has finalized a staff-level agreement with the international monetary fund (IMF) on the components of its program, and will issue an announcement "very soon," the country's finance minister…
Al Majalla reveals the structure of Syria's nuclear programme 19 years after Israel bombed the Al-Kibar reactor, detailing the involvement of other states and the assassinations that followed
A critical mineral found on Japan's seabed has caught US attention, and the two are teaming up to see whether it can yield future benefits and reduce their dependence on China
Thousands of Muslim volunteers flocked to Afghanistan in 1979 to fight the Soviets in response to a rallying cry, aided by the largest covert operation in CIA history
The renowned American actress tells Al Majalla about her gnawing drive for justice at the Venice Film Festival, where her new film 'Echo Chamber' premiered