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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.

Cyprus Women Face A 29% Pension Gap As Gender Inequality Persists In Retirement

Overview

New Eurostat data show that women aged 65 and older in Cyprus receive pensions that are, on average, 29% lower than those of men in 2024. The gap is wider than the EU average of 24.5%, highlighting persistent structural differences in retirement income.

EU Comparison And Data Insights

Across the European Union, the average pension gap between women and men stands at 24.5%. In Cyprus, the difference reaches 29%, placing the country above several peers, including Greece, where the gap is 23.8%.

Eurostat data also shows significant variation across member states. Malta (40.3%), the Netherlands (36.3%), and Austria (35.6%) record the largest average gaps, while Estonia (5.6%), Slovakia (8.4%), and Hungary (9.6%) report the smallest disparities.

Median Versus Average Figures

Alongside average data, Eurostat published pension gap figures based on median pension values, which reduce the impact of extreme outliers. At the EU level, the median gap reaches 24.9% in 2024, slightly above the average figure.

In Cyprus, the median gap stands at 26.7%. While lower than the country’s average gap, it remains above the overall EU level. Across the euro area, the median gap reaches 28.1%, with Greece recording 29.8%.

Luxembourg (43.3%), Spain (41.1%), and the Netherlands (39.6%) show the largest median disparities, while Estonia, Hungary, and Denmark report comparatively smaller gaps.

Diverging Patterns And Structural Implications

The data also reveals notable differences between average and median measurements. In Denmark, the average pension gap exceeds the median by 12.9 percentage points, with similar patterns seen in Belgium (11.0 points) and Hungary (9.2 points).

In contrast, Spain, Luxembourg, and Portugal show the opposite trend, where the median gap is higher than the average by 11.9, 10.6, and 6.5 percentage points respectively.

These differences suggest that pension inequality is shaped not only by overall income levels but also by how pension distributions are structured across populations, reflecting long-term employment and earnings patterns.

Conclusion

The latest data confirms that Cyprus remains above the EU average in terms of the gender pension gap. Differences in lifetime earnings, career interruptions, and employment structures continue to translate into unequal retirement outcomes.

For policymakers, understanding both average and median indicators will be essential when designing reforms aimed at reducing pension inequality and improving long-term financial security for retirees.

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