Oman Achieves 8th Place In Global Entrepreneurship Index 2024

by THEFUTURE.TEAM

February 19, 2025

Oman has earned an impressive eighth-place ranking in the Global Entrepreneurship Index 2024, achieving a score of 5.7, up from 5.4 last year. The Sultanate ranks highly across 13 key indicators, which highlight various aspects of national entrepreneurship.

Key Indicators Contributing To Oman’s Success

Oman’s strong position is due to its exceptional performance across 9 entrepreneurial axes, including:

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Entrepreneur Financing: Enhanced access to funding sources for entrepreneurs.
Government Policies: Tangible government support, prioritizing startups and small businesses.
Educational Integration: Inclusion of entrepreneurship education in schools, universities, and vocational training.
Infrastructure & Market Dynamics: Access to professional infrastructure and a dynamic internal market.
Cultural & Social Support: Strong community support for entrepreneurial ventures.

ASMED’s Role In Boosting Oman’s Entrepreneurial Landscape

Oman’s Authority for Small and Medium Enterprises Development (ASMED) has been instrumental in advancing this achievement. By implementing supportive policies, facilitating startup funding, and working with public and private sector partners, ASMED has contributed significantly to the country’s entrepreneurial growth. Initiatives like improved financing for SMEs and easy access to resources have fostered a thriving startup ecosystem.

Global Recognition Of Oman’s Efforts

The Global Entrepreneurship Monitor’s annual report, renowned for evaluating global economies and their entrepreneurship ecosystems, praised Oman for its efficiency in government policies, financing programs, and business incubators. Experts acknowledged that Oman’s initiatives have raised the competitiveness of its SMEs, enhancing their global standing.

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Cyprus Expected Working Life Reaches 39.5 Years, Above EU Average

by THEFUTURE.TEAM

July 20, 2026

People in Cyprus are expected to spend 39.5 years in the workforce, around two years longer than the European Union average of 37.5 years, according to the latest Eurostat data for 2025.

The figure places Cyprus among the EU countries with the longest expected working lives.

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Cyprus Ranks Above EU Average

Only a handful of member states recorded higher figures than Cyprus. The Netherlands topped the ranking at 44 years, followed by Sweden at 43.4 years, Denmark at 42.6 years, and Estonia at 41.5 years.

At the other end of the ranking were Romania with 32.7 years, Italy with 33.0 years, Bulgaria with 34.6 years and Greece with 35.3 years.

Gender Gap Remains Wider Than EU Average

Men in Cyprus are expected to remain in work for 42.1 years, compared with 36.7 years for women. The gap of 5.4 years exceeds the EU average gender gap of 4.1 years.

Across the bloc, Lithuania, Latvia and Estonia were the only countries where women were expected to spend longer in employment than men. Finland recorded the smallest positive gender gap at 0.7 years.

Italy posted the widest gap at 8.9 years, followed by Romania at 6.9 years, Greece at 6.7 years and Malta at 6.3 years.

Working Lives Continue To Lengthen

Between 2016 and 2025, expected working life in Cyprus increased by 3.5 years, placing the country among the strongest performers in the EU over the period. Men’s expected working life rose by 3.3 years, while women’s increased by 3.6 years.

Across the EU, every member state recorded an increase. Malta posted the largest gain at 4.9 years, followed by Hungary and Ireland at 4.2 years each, and the Netherlands at 4.1 years.

Malta’s increase was driven largely by women, whose expected working life rose by 7.8 years, the biggest increase recorded across the bloc.

By comparison, Romania, Spain, Italy, Germany and Austria recorded gains of two years or less over the same period.

Women’s Working Lives Increase Faster Across Europe

Women’s expected working life increased faster than men’s in most EU countries. Denmark, Romania, Sweden and Greece were the main exceptions.

In Cyprus, gains for men and women were broadly similar, alongside Bulgaria, Belgium and Slovenia.

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