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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
A wounded girl lies on a hospital bed after an Israeli strike in the Syrian village of Beit Jin on 28 November 2025 killed 10 people, the deadliest Israeli attack since al-Assad's ouster in December 2024. LOUAI BESHARA / AFP
Politics

Israeli actions in southern Syria give Iran an opening

04 December 2025

Israeli raids and bombs have served as a powerful recruiting tool for those wishing to resist Israel

Subhi Franjieh
Al Majalla
Business & Economy

Saudi Arabia's 2026 budget carefully boosts spending

04 December 2025

Balanced fiscal management, targeted deficit reduction, and strategic growth initiatives underpin this year's budget, with a strong emphasis on citizen partnership

Omar Harkous
Jay Torres
Politics

The evolution of Latin America’s drug cartels

04 December 2025

What began as a locally rooted trade in coca leaves and opium evolved into a transnational system of cartels that challenged governments, corrupted institutions, and destabilised countries

Stefanie Butendieck Hijerra
Opinion

Ukraine peace talks: one step forward, two steps back

04 December 2025

The prospects of a breakthrough remain bleak as Putin blames Europe for sabotaging a 28-point peace plan agreed on with the US

Con Coughlin
A visitor stands next to a photograph of German-American philosopher Hannah Arendt at the German Historical Museum in Berlin on 6 May 2020. John MACDOUGALL / AFP
Culture & Social Affairs

50 years on, Hannah Arendt's works resonate more than ever

01 December 2025

The renowned German-American philosopher's analyses showed how governments deploy deceit for political gain and blur the lines between truth and lies

Abdel Salam Ben Abdelali

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OPINIONS

Spanish poet Miriam Reyes on escaping the prison of the page

Mohammed Al-Bittari
Mohammed Al-Bittari

Musk lifts the lid on X social media manipulators

Marco Mossad
Marco Mossad

China's approach to 'the new Syria' is one of cautious optimism

Xiaotong Yang
Xiaotong Yang

The GCC moves from ‘safe neutrality’ to ‘indivisible security’

Omar Harkous
Omar Harkous
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