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
Beijing would like the week to mark a historic turning point in which a unipolar world finally gave way to multipolarity. To others, it was just tub-thumping bravura. In reality, it was a bit of both.
The country now sits at an energy crossroads: will its recovery be anchored in oil and gas, or will it seize the chance to lean into renewables and build something more resilient?
After Israel dealt Iran and its regional axis a string of crippling blows last year, Lebanon now finds itself better-positioned to reclaim its eroded state sovereignty. Will it grab the chance?
Recent books from Yemen, Egypt, and Syria take a new look at the 10th-century philosopher's famed letter 'The Epistle of Forgiveness', which is said to have inspired Dante's 'Divine Comedy'
An earthquake in Afghanistan earlier this week levelled entire villages and left people trapped under rubble for days, but in the shadow of the Hindu Kush, saviours were thin on the ground