Last month, the Saudi Central Bank – previously known as Saudi Arabian Monetary Authority (SAMA) – announced that it was increasing key interest rates by 0.75%. The move was in response to growing inflationary pressures as a result of rising global oil prices. With this hike, Saudi Arabia effectively joined the ranks of most other industrialized nations in raising key interest rates from their historic lows from prior to the 2008 financial crisis.
The startup world is a world of extremes. It's one where failure is not only an option but often times it's expected. There are many reasons for this, but the most prevalent reason is simple: there's a race to burn cash.