Month: March 2020

Reading time: 2 MinutesMohammed Al-Jadaan, Acting Minister of Finance, Economy and Planning, announced that the partial reduction resulting from the measures taken by the government to reduce the impact of the decline in oil prices amounted to approximately 50 billion riyals “representing less than 5% of the total approved expenditures in the 2020 budget,” with other additional measures to deal with the expected decline in prices, under the conditions ... Read more

Reading time: < 1 MinuteThe Netherlands plans to inject 20 billion euros, equivalent to 22 billion dollars, in emergency financial assistance to companies facing difficulties due to the Corona epidemic, which confirms that the global economy is still paying the price of the spread of the new Corona virus with its heavy losses, which prompted governments to support the most affected companies, in an effort to avoid exacerbating the situation. Intends ... Read more

Reading time: < 1 MinuteBritain has announced loan guarantees worth 399 billion dollars, equivalent to 15% of its GDP, along with other measures to help affected companies, in an intensification of efforts to combat the economic consequences of the coronavirus. British Finance Minister Rishi Sunak said he is ready to increase the size of the loan guarantees to ensure that liquidity reaches all the companies that need it in ... Read more

Reading time: < 1 MinuteThe US Congress is moving to allocate 850 billion dollars to mitigate the effects of the Coronavirus, at the request of President Donald Trump's administration, and will support the most affected companies, in an effort to avoid worsening the health and economic situation caused by the spread of the virus. (Global Real Estate) Two American sources stated that this support may be provided to companies in the form of liquidity, ... Read more

Reading time: < 1 MinuteSweden plans to support the local economy to face the new coronavirus with 28 billion euros, and the government attributed this to allow more companies to survive during this crisis. To minimize the repercussions of ”Corona“ on the economic movement in the country and the world. ( Global Real Estate ) ”This is a completely unique situation for the Swedish economy,“ Finance Minister Magdalena said. ... Read more