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Deloitte Releases Fifth Edition Of Middle East And Cyprus Technology Fast 50

Regional Innovation Recognized

Deloitte has unveiled the fifth edition of its Middle East and Cyprus Technology Fast 50, a rigorous ranking that celebrates the fastest-growing technology startups across the region. The initiative, driven by the vision of regional founders and backed by significant revenue growth over the last four years, underscores the evolving innovation landscape amidst global uncertainty.

Comprehensive Methodology And Diverse Categories

This acclaimed programme not only assesses companies on their revenue performance but also serves as a broader platform for acknowledging growth, resilience, and ambition. The current edition categorizes firms into five distinct segments, highlighting the spectrum of the region’s technology sector. Alongside the main ranking, Deloitte recognizes Rising Stars for promising startups, Impact for companies integrating ESG principles, Women In Leadership for female-led enterprises, and Kiyadat for established businesses led predominantly by teams from GCC countries.

Market Leadership And Regional Milestones

This year’s report marks several milestones. Notably, the top five Fast 50 companies include three from the United Arab Emirates and two from Saudi Arabia, emphasizing the dominance of these markets. Similarly, the Rising Stars top ten are exclusively based in the UAE and Saudi Arabia, demonstrating robust startup ecosystems in these countries. Meanwhile, Cyprus maintains a strong presence, contributing 14% of the ranked companies, largely in the software and fintech sectors, along with commendable performances in the Rising Stars and Women In Leadership categories.

Insights From Industry Leaders

Mutasem Dajani, CEO of Deloitte Middle East, observed, “The fifth edition is more than just a snapshot of growth—it is a recognition of the stories that drive that growth. Founders in the region are building resilient, purpose-driven businesses that compete on the international stage.” These sentiments reflect the broader narrative of an innovation hub that continuously reinvents itself, both in scope and scale.

Global Perspective And Future Outlook

Beyond the rankings, Deloitte’s detailed report illuminates regional trends that are vital for investors, policymakers, and industry stakeholders. Projects gaining traction in this programme are also set to be recognized on a larger scale at the EMEA Technology Fast 500, further elevating their international profiles.

Celebrating A Half-Decade Of Excellence

Kyriakos Charalambides, Partner and Head of the Fast 50 DME programme, remarked, “This edition marks half a decade of acknowledging the dynamism and entrepreneurial spirit thriving across the region. With an expanding pool of applications and enhanced regional representation, the programme continues to set a benchmark for innovation and excellence.”

In conclusion, Deloitte’s fifth edition offers a compelling narrative of growth and diversification in the Middle East and Cyprus technology sectors, signaling robust opportunities in an ever-evolving global market.

Women Make Up A Majority Of The EU’s Science And Technology Workforce But The Real Gap Is Elsewhere

Women now make up the majority of the EU’s science and technology workforce. According to Eurostat, in 2025, more than 81.6 million people aged 15 to 74 were employed in science and technology occupations across the EU. Of those, 52.5% were women, equal to 42.8 million women. The number of women in these occupations rose by 27.9% compared with 2015, an increase of more than 9.3 million over a decade.

On the surface, the numbers resemble progress. However, Eurostat’s category requires context before that figure can be read accurately. The data refers to HRST, or Human Resources in Science and Technology, specifically people employed in science and technology occupations. These are roles where the main tasks require professional or technical knowledge in physical and life sciences, but also in social sciences and humanities. That definition is wider and broader than engineering, ICT, laboratory science, or high-tech research alone.

Zooming In

The gender picture changes once the data moves from a wider definition of the workforce to the narrower scientist-and-engineer (research and manufacturing) subgroup.

Scientists and engineers represented almost a quarter of all people employed in science and technology in the EU in 2025. Eurostat describes scientists and engineers as often being the innovators at the centre of technology-led development, making them an important subgroup to focus on separately.

Women accounted for only 40.8% of scientists and engineers in 2025, despite making up more than half of the wider category. That share has increased by a mere 0.5 percentage points over the past decade. The absolute number of women working as scientists and engineers rose from 5.3 million in 2015 to 8.2 million in 2025, despite the push from national and international organisations to increase the number of women in the field. Europe has expanded the number of women in science and technology occupations over ten years. However, that expansion has not extended equally into the scientist-and-engineer subgroup, where much of Europe’s research and innovation work is conducted.

In 2025, of the 39.4 million women aged 25 to 64 working in science and technology occupations in the EU, 35.5 million worked in service activities. Only 2.7 million worked in manufacturing. Women accounted for 57.5% of science and technology employment in services, but only 31.3% in manufacturing.

In 2025, the highest shares of women employed in science and technology occupations were recorded in Latvia at 62.4%, followed by Hungary’s Great Plain and North region at 61.1%, Estonia at 60.5%, Poland’s Central macroregion at 60.4%, and Lithuania at 60.3%. No EU country recorded a majority of women among science and technology workers in manufacturing.

Break-down

Eurostat’s figures measure employment in broad science and technology occupations. They do not show job security, pay levels, management roles, promotion rates, research leadership, or whether women are concentrated in junior or senior workplace positions.

The classification of “senior” also requires additional explanation. Eurostat reports that 45.9% of science and technology workers aged 25 to 64 in the EU were classified as “senior” HRST in 2025. In this dataset, “senior” refers to workers aged 45 to 64. It does not mean senior manager, senior researcher, team lead, or decision-maker.

A high female share in the wider Human Resource Science and Technology (HRST) category does not parallel equal representation across scientists, engineers, manufacturing roles, senior posts, pay, research funding, or decision-making. These figures also reflect the occupational mix inside each country or region, not only structural progress across all areas of science and technology.

The Case Of Cyprus

Eurostat data places Cyprus’s overall science and technology employment at 37.2% of the labour force in 2025, slightly above the EU-27 figure of 36.9%, and above Greece at 26.8%, Malta at 33.9%, and Turkey at 18.2%. This figure covers the total share of the labour force employed in science and technology across all genders.

Progress Or Work-in-Progress?

52.5% in the broad category. 40.8% among scientists and engineers. 31.3% in manufacturing. Europe’s gender gap in science and technology hasn’t closed yet, and there is still work to be done to encourage and support more women to enter the field, especially in research and manufacturing.

Let’s not wait another decade for another couple of percentage points of hope.

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