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
It will be the largest gathering since the inception of the Future Investment Initiative in 2017, with 600 speakers set to address the four-day event and an impressive lineup of attendees
Presented as post-war stabilisation, an experiment in controlled fragmentation appears to be underway, with diplomacy, security, and commerce converging to cement a new geopolitical order
While the world discusses Beijing's ascendancy and the rivalry among great powers, Tokyo forges its own path—one dotted with patience, discipline, and strength
A string of recent statements from US President Donald Trump, coupled with American naval deployments this month, makes for a compelling case. But could this just be psychological warfare?