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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The rate adjustments align with the Fed’s policy due to the Gulf currencies being pegged to the U.S. dollar
August marks the second consecutive month of negative fuel charges adjustment
Pakistan has been in the top 10 producers of various food and agricultural products but has now turned reliant on imports
The Fed's cut is expected to support spending and the US economy, and encourage other central banks to cut rates
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.
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
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
This is mainly due to a decline in the cut-off yields of Pakistan Investment Bonds