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Gulf central banks join Fed in slashing rates

Gulf central banks join Fed in slashing rates

The rate adjustments align with the Fed’s policy due to the Gulf currencies being pegged to the U.S. dollar

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Economy
Pakistan's power generation falls 20% short of target in August

Pakistan's power generation falls 20% short of target in August

August marks the second consecutive month of negative fuel charges adjustment

Research
What Pakistan's import and agri data reveals about its vicious debt loop

What Pakistan's import and agri data reveals about its vicious debt loop

Pakistan has been in the top 10 producers of various food and agricultural products but has now turned reliant on imports

Markets
Dollar and stocks gain, oil falls as Fed charts 'soft landing' path

Dollar and stocks gain, oil falls as Fed charts 'soft landing' path

The Fed's cut is expected to support spending and the US economy, and encourage other central banks to cut rates

Venture Capital
OpenAI in advanced talks to raise $6.5 billion at a massive $150 billion valuation

OpenAI in advanced talks to raise $6.5 billion at a massive $150 billion valuation

OpenAI aims for a $150 billion valuation as it enters talks to secure $6.5 billion in funding, with tech giants lining up to invest.

  • OpenAI's valuation jumps from $86 billion to a potential $150 billion, driven by investor interest.
  • OpenAI is negotiating to raise $6.5 billion from major players like Microsoft, Apple, and Nvidia.
20 Indian, 2 Pakistani startups on Forbes Asia 100 to Watch list

20 Indian, 2 Pakistani startups on Forbes Asia 100 to Watch list

The 100 companies featured on the list all share a "strong innovative streak" and have received over $2 billion in funding so far

This year's list features startups from 16 countries

India has the highest number of companies on the list

Singapore has 15 startups and China 10

Pakistani startups raise only around $1 million in 2024’s first half: report

Pakistani startups raise only around $1 million in 2024’s first half: report

Only one publicly disclosed deal was made from Jan-June

Pakistani startups could not raise any funding in 2024's first quarter

During 2023's second quarter, they raised $6 million via eight deals

Decline attributed to tricky economic environment, high interest rates

Money
Pakistan savings rates decline by up to 122bps

Pakistan savings rates decline by up to 122bps

This is mainly due to a decline in the cut-off yields of Pakistan Investment Bonds