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Singapore s VMC plans Mena expansion with $150m ADGM media investment fund

Dubai s Arrow Capital co-sponsors $240m SPAC with US venture firm

Dubai s Arrow Capital sponsors $240m acquisition vehicle with US venture firm

Middle East music streaming service Anghami set to list on Nasdaq

SHARE Anghami, the music streaming rival of Spotify in the Arab world, is set to become the first technology firm from the region to list on the Nasdaq in New York, following a merger with a blank-cheque company. The deal with Vitas Media Acquisition Company (VMAC), a special purpose acquisition firm, or SPAC, set up last year will be one of the biggest investments in a technology start-ups this year, valuing the company at $220 million, or about 2.5 times its 2022 estimated revenue. The company will raise about $100m in funding through the deal and about 70 per cent of proceeds will be reinvested to spur growth, Anghami co-founders Eddy Maroun and Elie Habib told

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