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Explosive Growth In MENA’s Startup Ecosystem

February marked a groundbreaking month for MENA’s startup landscape, with an impressive $494 million raised across 58 deals—almost five times more than last year’s total for the same month. While Saudi Arabia dominated with $250.3 million accrued over 25 deals, the UAE and Egypt followed suit with $203.5 million and $27.5 million respectively.

Debt Financing Dips In February

Unlike January, where debt financing took the bulk of investments, February saw it drop to just 15% of total funding. The exclusion of debt reveals a staggering 371% increase in investment activity, highlighting a promising shift in financial dynamics.

Industry Leaders And Rising Sectors

Fintech emerged as the leading sector, delivering $274 million over 15 deals. Insurtech and logistics took the next spots, with $55 million and $28.5 million respectively. This upswing showcases both sustained interest and escalating financial backing for key tech industries.

Regional Contributions and Gender Disparities

B2B models attracted the most attention in February, garnering $191.6 million through 33 transactions. However, gender disparities remain, as startups led by male founders bagged 87% of the total investment. Despite the progress, this underlines the need for more equitable funding allocations.

For further insights into startup ecosystems, explore how Cyprus is setting new records in global startup growth.

Eiffel Tower Reopens After Staff Protest Over Treatment Of Female Workers

The Eiffel Tower reopened Tuesday after staff walked out to protest the reported sidelining of female employees during a visit by a Hindu religious delegation that later apologized.

Management Says Conditions Should Not Have Been Accepted

Its operating company, SETE, said the delegation had requested arrangements that limited “interactions with women.” Management acknowledged that such conditions “should not have been accepted” and said the tower would reopen after talks with employees.

Staff Say Female Workers Were Sidelined

Eiffel Tower employees condemned “professional instructions that led to female employees being sidelined, replaced and made invisible because of their sex” during the delegation’s visit.

Female employees and contractors were reportedly told to remain out of sight while the group was present. Some were asked to leave their posts and move to other areas, while men replaced some workers. Staff also said all female employees were instructed not to pass through certain areas during the visit.

Religious Organization Apologizes

The Bochasanwasi Akshar Purushottam Swaminarayan Sanstha, or BAPS, apologized for “any pain or inconvenience caused” by the incident. In a post on X, the organization said that, to its knowledge, “at no point was anyone prevented access to the Eiffel Tower.”

Given the delegation’s size, BAPS said organizers scheduled the visit with the Eiffel Tower team at the start of normal operating hours to avoid disrupting other visitors.

Political Backlash In Paris

The incident prompted a political response in France. Paris Mayor Emmanuel Grégoire said an investigation would be launched “as soon as possible,” while National Assembly President Yaël Braun-Pivet criticized the reported treatment of female workers.

“I refuse to accept that women should be told to step aside to meet the demands of foreign visitors,” Braun-Pivet said. “Welcoming others never means giving up our values. In France, women are fully present in public life. No one tells them to become invisible there.”

Eiffel Tower Closed On Monday

A notice on the Eiffel Tower website said the landmark was closed Monday because of “exceptional circumstances.” Visitors with tickets were advised to check their email, while the operating company apologized for the disruption.

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