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  • budget
The Saudi capital, Riyadh, on November 15, 2024. Reuters

Saudi Arabia’s 2025 budget balances spending with stability

Another deficit is likely, but it will be in line with EU standards, say Saudi ministers keen to keep investing in the Kingdom's economic diversification away from oil and towards Vision 2030

Maher Chmaytelli 11 December 2024
Algerian President Abdelmadjid Tebboune riding a military vehicle during the parade on the 70th anniversary of the Algerian Revolution on November 1 in Algeria. AP

Algeria’s ‘optimistic’ budget is the largest since independence

With subsidies still being paid, the budget deficit has ballooned from $45bn in 2024 to an expected $62bn next year. This largesse worries some, but apparently not the government

Rabia Abdul Salam 16 November 2024
Al Majalla

Syria’s 2025 budget is bigger but light on subsidies and detail

Damascus has artificially lowered prices for years, but Syrians today cannot afford basics like fuel without them, meaning its budget has become a delicate balancing act

Joseph Daher 14 November 2024
An employee piles up stacks of Syrian lira banknotes at the Commercial Bank of Syria in Damascus, on November 10, 2022. LOUAI BESHARA/AFP via Getty Images

Syria’s draft national budget for 2024 reflects the depth of its economic crisis

A big rise in spending in nominal terms says much more about the collapse of the pound than government spending power, as it continues to drop subsidies, including on fuel, deepening poverty rates

Joseph Daher 06 November 2023
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The "Unity of Position" conference, held by the Syrian Democratic Forces (SDF) in Hasakah on August 8, 2025. Social media
Politics

Heading for a showdown? SDF conference riles Damascus

13 August 2025

Syria's government needs to centralise decision-making and bring armed groups to heel, but Kurds in the north-east want to establish a 'coalition of the unwilling' with Druze and Alawites. What now?

Subhi Franjieh
Laura Salafia
Profiles

Tom Barrack: the businessman with a huge Middle East remit

08 August 2025

Donald Trump's ambassador to Türkiye and envoy to Syria has been having some critical conversations in regional capitals since April, from disarming Hezbollah to preventing another war with Israel

Omer Onhon
Demonstrators raise placards during an anti-government rally calling for action to secure the release of Israeli captives in Gaza near the defence ministry in Tel Aviv on August 12, 2025. Jack GUEZ / AFP
Politics

Israelis are finally fed up with Netanyahu's endless war on Gaza

14 August 2025

The gulf between the political and military establishments is widening. Politicians speak of a delayed victory, but military leaders warn of an inescapable quagmire.

Ziad Al Halabi
Al Majalla
Business & Economy

How Saudi Arabia harnessed its oil boom to foster development

14 August 2025

The first in a two-part series explains how the country capitalised on its black gold decades ago to expand its economy horizontally, a stunning success that paved the way for Vision 2030

Hussein al-Sharaa
US President Donald Trump (C), Azerbaijani President Ilham Aliyev (L) and Armenian Prime Minister Nikol Pashinyan display the agreement they signed in the State Dining Room of the White House in Washington, DC, on August 8, 2025. ANDREW CABALLERO-REYNOLDS / AFP
Politics

A new Trump-sponsored link in the South Caucasus causes a stir

11 August 2025

The Zangezur Corridor, a route through Armenia linking Azerbaijan and Türkiye, will be built and managed by Americans and will pass along the Iranian border, creating winners and losers

Omer Onhon

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