Gulf central banks raise borrowing rates, Iraqi dinar dips – Trending



Trending Middle East brings you the latest social media and search trends from the region and around the world.

On today’s episode, the central banks of the UAE, Saudi Arabia, Bahrain, Kuwait and Qatar raise their benchmark borrowing rates after the US Federal Reserve pushes its key interest rate to a 22-year high to tame inflation and restore price stability.

The Iraqi dinar dips sharply against the dollar on Wednesday, a few days after the US placed sanctions on private Iraqi lenders for allegedly helping to transfer the greenback to Iran.

Maternity leave in Oman has been almost doubled in sweeping reforms announced by the country's government.

Acclaimed Irish singer Sinead O’Connor dies at the age of 56.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Updated: July 27, 2023, 5:23 AM

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