Final answer:
Starting a new business in Israel and Saudi Arabia is generally easier than the world average. Both countries offer favorable conditions for entrepreneurs, including no special taxes, a talent-rich environment, and a cultural inclination towards self-employment in Israel, and significant economic reforms in Saudi Arabia.
Step-by-step explanation:
When considering the ease of starting a small business, it's important to look at factors such as the ability to attract financial capital, ease of management, and tax considerations. Generally, starting a new business in Israel and Saudi Arabia may be easier than the world average due to favorable business conditions like no special taxes in certain economic zones and a supportive environment for entrepreneurship. In Israel, there's a cultural inclination towards self-employment, which is reflected in the high rate of self-employment among Israeli men. For Saudi Arabia, the recently implemented economic reforms under the Vision 2030 have simplified the process for starting businesses.
Saudi Arabia, renowned for its oil production, has an absolute advantage in producing oil - requiring less time compared to other countries like the United States. This economic foundation supports the country's ability to foster a business-friendly environment. Similarly, Israel's diverse and advanced economy, which includes a strong focus on technology and innovation, creates a backdrop that can be attractive to entrepreneurs. Professionals are readily available to help new businesses thrive, and organizations can more easily raise financial capital, attracting top talent in the process.