Breaking news

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.

Meat Market Stability Tested As Foot-And-Mouth Disease Risks Emerge

Raising Alarm Over Afoot Disease Impact

Recent outbreaks of foot-and-mouth disease, which led to the culling of thousands of animals, have raised questions about possible effects on meat prices ahead of Easter. Authorities say the market remains stable for now, although supply constraints could emerge if the outbreak expands, particularly in goat and sheep meat.

Official Analysis And Market Operations

Constantinos Karagiorgis, Director of the Consumer Service, said the impact on prices will depend on the confirmed scale of the outbreak and how quickly the situation is contained. Speaking to local media, he noted that market outcomes will largely be shaped by supply availability and the pace of developments in the coming weeks. While price adjustments cannot be ruled out, consumer demand is expected to play a key role in determining pricing levels.

Industry Response And Supply Stability

Kostas Leivadotiotis, President of the Meat Retailers Association, said market operations remain stable despite isolated cases of consumer stockpiling. Cyprus currently has about one million production animals, including approximately 500,000 goats and sheep, 300,000 pigs, and 300,000 cattle. Industry representatives estimate that the number of animals culled so far represents around 1% of total livestock, limiting immediate pressure on supply. Cyprus’ position as a pork exporter also helps support overall market balance.

Anticipated Price Adjustments For Easter

Mario Drousiotis, President of the Consumers Association, said prices are expected to remain broadly stable in the short term, although limited lamb availability could lead to moderate increases ahead of Easter. He noted that if the culling of around 13,000 goats and sheep, roughly 1.5% of local production, requires replacement through animals originally intended for sale, supply could tighten. In that case, consumers may see price increases of around €1 to €2, particularly if imports are needed, as imported lamb generally carries higher costs.

Conclusion: Monitoring Market Resilience

While current observations indicate that the outbreak has not led to significant market disruption, industry and consumer leaders alike underscore the importance of monitoring the situation over the coming weeks. With no new cases reported beyond the initial 11, business operators and officials remain in close watch, ready to respond to any shifts that could influence market stability as Easter approaches.

The Future Forbes Realty Global Properties
Aretilaw firm
eCredo
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter