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  • Politics
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  • budget deficit
A billboard in the middle of a public street shows the size of the US debt, December 30, Washington, D.C., 2024. AFP

Why US ‘white swan’ debt can't be wished away by cuts

With an average monthly fiscal deficit of $150bn, there are no good options for Donald Trump, who boasts of defaulting on debt in corporate life. Will he do the same with America's $36tn I-O-U pile?

Toufic Chanbour 29, Mar 2025
Former Tunisian Minister of Finance, Siham Al-Boughdiri Namsia, presents the state’s general budget for 2022, Tunisia, December 28, 2021.
 AFP

Tunisia's 'IMF shadow' disappears with Nemsia's sacking

The unexplained dismissal of the finance minister leaves more questions than answers as the highly indebted country seeks to avoid a 2025 default

Kawthar Zantour 26, Feb 2025
Eduardo Ramon

Moving from crisis to hope: Egypt’s economy in 2025

After dramatic action from the central bank, an $8bn IMF loan and a $35bn development deal, Cairo aims to bounce back in the new year, but faces both familiar and new problems first

Marcelle Nasr 04, Jan 2025
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, Dec 2024
Morocco's 2025 Budget has impressed some, not others. Shutterstock

Only bold on paper? Morocco’s $73bn budget for 2025

Lots to shout about, say the government. Not enough for the ordinary Moroccan, say the opposition. Let's wait and see what happens on the world markets, say the economists

Mohamed Sharki 03, Dec 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, Nov 2024
Lina Jaradat

Depleting funds highlight Kuwait's oil dependency dilemma

Streamlining the public sector, enhancing the role of the private sector, and reviewing financial policies away from sovereign funds are just some of the reforms needed. Time is running out.

Amer Ziab Al-Tamimi 08, Jul 2024
Kuwait needs to shrink its public sector and use privatisation to cut its dependence on oil revenue. Reform will only become more difficult as the world moves to alternative energy. Shutterstock

After brief surplus, Kuwait's national budget back in the negative

Kuwait needs to shrink its public sector and use privatisation to cut its dependence on oil revenue. Reform will only become more difficult as the world moves to alternative energy.

Amer Ziab Al-Tamimi 07, Sep 2023
A picture taken on December 16, 2020 shows newly constructed towers in Riyadh, the Saudi Arabian capital and main financial hub. (Getty)

MENA Countries Must Diversify Income to Address Deficit

The World Bank has recently warned that economies of the Middle East and North Africa (MENA) region are suffering a sudden accumulation of public debt owing to challenges caused by the coronavirus …

Hatem Khedr 09, Apr 2021
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Saudi Crown Prince Mohammed bin Salman (R) watching as US President Donald Trump (C) shakes hands with Syria's interim president, Ahmed al-Sharaa, in Riyadh on May 14, 2025. Bandar AL-JALOUD / Saudi Royal Palace
Politics

Trump's lifting of Syria sanctions solidifies Iran's regional defeat

14 May 2025

It could very well boost Israel's security as well as that of everyone else in the region

James Jeffrey
US President Donald Trump and Saudi Crown Prince and Prime Minister Mohammed Bin Salman exchange a Memorandum of Understanding (MOU) during a ceremony at the Royal Court in Riyadh, Saudi Arabia on May 13, 2025. REUTERS / Brian Snyder
Business & Economy

US, Saudi Arabia enter 'golden era' in defence, AI partnership

14 May 2025

A string of deals ranging from defence to technology were signed in Riyadh worth at least $300bn, including the "largest military sales contract in history"

Maher Chmaytelli
Rahaf Ayyad, a 12-year-old Palestinian who is suffering from malnutrition due to an Israeli-imposed starvation campaign, sits at a school-turned-shelter in al-Rimal in central Gaza City on May 4, 2025. Omar AL-QATTAA / AFP
Politics

Sunken faces: kids in Gaza waste away as Israel blocks aid

15 May 2025

As experts warn of a looming famine due to Israel's blocking of all aid for over ten weeks, Al Majalla speaks to affected families on the ground whose children have become skin and bones

Salem Al Rayyes
Lina Jaradat
Profiles

Ahmed al-Sharaa: the Syrian president with much to prove

14 May 2025

Al-Sharaa met Trump today in Riyadh, after the US president lifted sanctions on Syria on Tuesday, offering it "a chance at greatness". But who is the Syrian leader thrust into the global spotlight?

Bilal Saab
American President Richard Nixon made an official visit to Damascus on June 15, 1974, and was welcomed by Syrian President Hafez al-Assad. Getty
Documents & Memoirs

From Nixon to Clinton: Syrian-American summits since 1945

14 May 2025

Syria's interim president, Ahmed al-Sharaa, will meet Donald Trump in Riyadh today, making him the first Syrian leader to meet with a US president since Clinton's meeting with Hafez al-Assad in 2000

Sami Moubayed

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OPINIONS

With his Syria gamble, Trump opens a door

Frederic C. Hof

This day in history: Israeli spy Eli Cohen executed in Damascus

Sami Moubayed
Sami Moubayed

Mohammed al-Dairi: Libyan state-building killed by corruption and division

Johaina Khaldieh
Johaina Khaldieh

Amira Ghenim on reimagining Tunisian history through fiction

Asmahan Al-Sha’abouni
Asmahan Al-Sha’abouni
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