Social Development Bank provides 9 billion Riyals in Pandemic Relief to Small Businesses and Self-employed Entrepreneurs
On May 2nd, Saudi Arabia’s state news agency announced that Social Development Bank introduced an initiative package that would provide small businesses and sole proprietorships with 9 billion Riyals ($2.4 billion USD) in Coronavirus relief funds.
Attracting new Companies to India requires improved Contract Enforcement and Infrastructure Upgrades
Despite its negative implications, many experts feel that the outbreak of the Coronavirus has created a unique opportunity to bring new business investments to India. They also contend that the country needs to put forth a concerted effort to attract new companies and investments that would create new jobs and generate economic wealth.
Singapore Businesses and Workers to receive $33 Billion Stimulus
With the recent rise to 3.3% of the resident unemployment rate, Singapore’s Deputy Prime Minister announced on May 23rd that another $33 billion SGD ($23.2 USD) will be allocated to business and workers in order to support the country’s economy.
Dubai Airport Free Zone Authority launches Economic Incentives to support Free Zone based Companies
In order to overcome the challenges of the COVID-19 pandemic, the Dubai Airport Free Zone Authority or DAFZA launched a series of economic incentives aimed at helping companies that have suffered losses during this event.
Dubai’s Quest to Create An $870 Million e-Commerce Friendly Trade Zone
As part of the United Arab Emirates (UAE) collective effort to diversify the economies of the seven-member nation-states, Dubai’s government recently announced its plans to engage in a major company formation in Dubai project.
India looking to attract US Companies away from China
As the US continues blaming Beijing for the role it played in creating the COVID-19 virus and the Coronavirus pandemic, India is now looking to attract US companies away from China and promoting India company incorporation.