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
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
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
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
In a world where events unfold at lightning speed and political and social landscapes shift rapidly, Al Majalla has remained a steadfast beacon of reliable and credible journalism. For over four…
JOMANA RASHED AL-RASHID, Chief Executive Officer at SRMG
From titanium and lithium to natural gas, Ukraine has an abundance of supplies needed by a range of industries, which Russia wants to control, while the US sees an opportunity
In the final of a three-part series, Syria's late former Vice President Abdul Halim Khaddam reveals that Bashar al-Assad's brother Maher misled Rafic Hariri before his assassination.
Smell has always been the poor cousin of the senses, overawed and diminished by the others. Hearing loss or blindness get all our attention, anosmia less so. What do the philosophers think?