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
In a bid to strike a balance between local requirements and the rights of foreign investors, the amendments put foreign investors on an equal footing with Saudis
The central theme of Riyadh Expo 2030, "Together we look forward to the future," reflects the depth of the Kingdom's aspirations and its readiness to play a leading role on the global stage
Robust national capacities, the strength of institutions, and education and skills development should be at the top of the agenda in 2024 as the Kingdom pushes forward with Vision 2030
The progress made in diversifying the Saudi economy is evident from one number: 32%. Incredibly, Vision 2030 has taken non-oil revenue to a third of national income in 2022. Al Majalla explains.
Speaking to Al Majalla, Saudi artist Ghada Al-Hassan describes art as a living entity: "Its birth alone does not guarantee its survival. It needs continuous care to grow and thrive."
Al Majalla outlines the main factors behind Saudi Arabia and Russia's decision to cut oil production and how this could impact the upcoming US elections
The CEO of Telfaz11 talks to Al Majalla about how his media studio revolutionised content creation in Saudi Arabia. Two of its films are currently screening at the Toronto International Film Festival.
Artificial Intelligence is changing the world. In Saudi Arabia, there is a dedicated agency to harness its power. Al Majalla talks to one of its leading figures about what's next.
Without prompt and united action, Syria's transition risks veering off course, with devastating consequences for the country and the region. Time is of the essence.
Russia's claim of being a steadfast guarantor of security for allies has been dented, which could affect its expansion into Africa and Latin America and strain its ties with Central Asian countries
Regime change brings an opportunity to raise living standards, which have collapsed along with the national currency and years of war. The transition of power will be key.
Speaking to Al Majalla, they explain how art functions as a lens through which to examine events and their aftermath and helps them explore connections between the personal and the collective