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Two luxury homes in Dubai have sold for a combined Dh755 million over two months, reflecting strong demand in the high-end market. In February 2025, Palm Jumeirah recorded 111 transactions with an average price of Dh12.82 million, while Dubai Hills saw average deals around Dh3.42 million.
UAE digital bank Liv, launched by Emirates NBD, has introduced cryptocurrency trading within its Liv X mobile app, in partnership with Aquanow. This service enables users to buy, sell, and trade cryptocurrencies while managing their finances, supported by robust security measures and custody services from Zodia Custody. Marwan Hadi emphasized Liv's commitment to innovation, aiming to capitalize on the UAE's high crypto adoption rate.
In February 2025, MENA startups raised $494 million across 58 deals, a nearly fivefold increase from the previous year, with Saudi Arabia leading at $250.3 million. The fintech sector dominated with $274 million, while later-stage investments grew, highlighted by Tabby's $160 million Series E funding. Despite the surge, male-led startups secured 87% of the total funding, leaving only $200,000 for female-led ventures.
Talabat has acquired InstaShop from Delivery Hero for $32 million, marking a strategic move to enhance its grocery and retail delivery segment. InstaShop, a leading online grocery marketplace in the UAE and Egypt, will operate as a subsidiary while benefiting from Talabat's extensive network and operational expertise. The acquisition is expected to unlock synergies and significantly boost Talabat's pro forma GMV in this vertical, surpassing $2.5 billion for 2024.
Pakistani telco Jazz has partnered with Huawei to implement solar power at 1,000 mobile sites using iSolar technology, aiming to cut energy costs by up to 96%. This initiative supports Jazz's goal of achieving carbon neutrality by 2050 and is expected to serve as a scalable model for future expansions. With over 71 million subscribers, Jazz is the largest mobile carrier in Pakistan, having undergone several ownership changes since its founding in 1994.
An ex-UBS banker is set to launch a multi-strategy hedge fund in Abu Dhabi, marking a significant move in the financial landscape of the region. This initiative reflects the growing trend of financial professionals establishing investment firms in emerging markets.
Azura Partners has strengthened its Geneva presence by hiring Tarek Sidky and Samir El Nawawy, both former private bankers at Credit Suisse and UBS. Sidky, with nearly 40 years of experience, will serve as a partner, while El Nawawy joins as an Executive Director, focusing on ultra-high-net-worth clients. Their recruitment aligns with Azura's growth strategy in wealth management, managing $4.5 billion in assets across multiple global offices.
Emirates NBD's Liv has launched cryptocurrency trading through its Liv X app, allowing users to buy, hold, and sell digital assets seamlessly alongside traditional banking services. This initiative reflects the UAE's commitment to becoming a global hub for digital assets, supported by recent regulatory advancements. The move is expected to enhance consumer trust and encourage other banks to adopt similar services, tapping into the rapidly growing retail crypto market in the region.
Forty-one Egyptian companies have formed the Arab Alliance for Industrial Investment to enhance exports and engage in reconstruction projects across Arab markets, starting with Libya and expanding to Iraq and the UAE. The initiative aims to provide investor support services and capitalize on growing economic ties, particularly in Iraq, which seeks significant foreign investment for reconstruction efforts. Additionally, a proposed USD 27 billion development project in Gaza aims to improve living conditions and reduce tensions in the region.
Talabat has acquired 100% of Instashop from Delivery Hero SE for USD 32 million, effective February 25, 2025. Instashop will operate independently within Talabat’s grocery and retail vertical, enhancing service delivery and expanding partner networks across MENA. This partnership aims to leverage synergies for improved customer experience and operational efficiency.
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