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  • Politics
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  • budget deficit
Stock markets are reacting to an uptick in US inflation, suggesting that President Donald Trump's tariffs are beginning to feed into the American economy. Angela Weiss/AFP

Trump still betting on tariffs to shrink America’s trade deficit

In his latest missive, the US President has threatened 100% duties on Russia and its trading partners, which includes some big American allies. It's 'stick-or-twist' time for the White House.

Mohamed Sharki 17 July 2025
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 March 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 February 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 January 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 December 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 December 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
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 July 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 September 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 April 2021
  • Popular
  • Editor's Pick
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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