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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
  • Popular
  • Editor's Pick
US Republican presidential hopeful Donald Trump speaks during the American Israel Public Affairs Committee (AIPAC) 2016 Policy Conference at the Verizon Centre in Washington, DC, on 21 March 2016. SAUL LOEB / AFP
Politics

The Israel lobby’s responsibility for the Iran war

17 March 2026

Advocates for the US-Israeli special relationship have played a special role

Stephen M. Walt
Lina Jaradat
Business & Economy

Strait of Hormuz: the waterway critical to global trade 

18 March 2026

Any disruption in the Hormuz has cascading knock-on effects that extend far beyond energy markets, impacting international trade. Al Majalla explores all this and more.

Al Majalla - London
AFP/ Al Majalla
Politics

Iran after Larijani: a war without an exit

18 March 2026

Israel's assassination of the pragmatic and highly influential National Security Chief closes the path to de-escalation

Futoshi Matsumoto
Pete Reynolds
Business & Economy

Energy infrastructure attacks and the new security imperative

17 March 2026

By attacking Gulf energy infrastructure, Iran aims to apply economic and geopolitical pressure as a way to avoid large-scale conflict

Jessica Obeid
US Navy sailors send signals to an E-2D Hawkeye aircraft, 124th Airborne Command and Control Squadron, as it walks on the deck of the aircraft carrier USS Gerald R. Ford, on 28 February 2026.
 Reuters
Documents & Memoirs

Could the US-Iran war spark World War III?

16 March 2026

The current conflict is unlikely to go global for now, but the speed at which it has spread regionally is alarming. A look at history shows the geopolitical factors that led to world wars.

Christopher Phillips

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OPINIONS

Strait of Hormuz: the waterway critical to global trade 

Al Majalla - London
Al Majalla - London

Energy infrastructure attacks and the new security imperative

Jessica Obeid
Jessica Obeid

The US-Iran war confirms China’s four worst fears

Shirley Ze Yu
Shirley Ze Yu

Iran after Larijani: a war without an exit

Futoshi Matsumoto
Futoshi Matsumoto
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