MENA startup funding ended the year on the rise, with $279 million raised in December, marking an 8 percent increase from November. The UAE attracted the most investment, followed by Saudi Arabia and Bahrain. Fintech emerged as the most funded sector, with $93.5 million raised, while food tech and education tech also saw significant funding. However, funding activity in Egypt and other markets was limited. The gender gap in funding persisted, with startups founded by men receiving the majority of funds.
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Original article source: https://www.arabnews.com/node/2586930/business-economy
Source Id: 2025-01-606635602