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Frugal Empire

President Barack Obama sent two of his top aides to Capitol Hill to inform leaders of Congress that Washington was …

Toxic Assets

As mass protests and violence continue to take place throughout the Middle East, US and European policy makers have been …

The Falafel Index

As popular protests across the Arab world continue, several analytical frameworks have lent themselves to making sense of why such …

Back to the Drawing Board

In a November 2008 interview, Mahmoud Mohieldin, a senior economic adviser to Egyptian President Hosni Mubarak, was weary but hopeful …

Making Up the Numbers

The world’s oil market is in a precarious state. Surging global demand and a dwindling US dollar have pushed prices …

Reluctant Markets

The DME is still a long way from achieving its stated goals because it has not been able to convince …

Cappuccino in Tripoli

The revolt in Libya may be the world’s top international story today but little is known about this impenetrable desert kingdom on the doorstep of the European Union. Iason Athanasiadis visited a hermit republic on the eve of its modernity in 2009 and stumbled upon a 21st century mission civilisatrice going badly awry.

Changing Times Call for Desperate Measures

The global financial crisis, coupled with popular uprisings across the MENA region, has forced many western actors to rethink the nature of their engagement with the Arab world. One such actor is the World Bank, which for decades has been the target of heavy criticism for its one size fits all neo-liberal policies that have largely failed to accomplish their goals. Can the bank’s new direction save it from irrelevance as the western world faces the rise of other powers vying to take its place?

Relative Optimism

Speculation is rife over economic prospects in the Middle East during a period of transition and apparent instability. The Majalla met with Shir Hever to discuss potential shifts, particularly in Egypt, and future possibilities for prosperity. The economist proved refreshingly optimistic, stressing the potential of alternative systems and the power of human capital.