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Anghami: A success built on localisation


Anghami: Success built on localisation
Eddy Maroun, co-founder of Anghami
When Eddy Maroun was skiing in a Lebanese mountain resort back in 2011, accessing music was a cumbersome affair. Music players like the iPod were already rife, but they required users to first download songs and install them onto the music player or convert them from CD to MP3 files. That was the main option available to those willing to pay for their music and avoid piracy, which was and still remains commonplace in the Middle East and North Africa (Mena). In the West, music streaming platforms had started to emerge and it was on this holiday that Maroun considered launching something similar in the Middle East.   ....

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Mideast Spotify Challenger Anghami Is Said to Near SPAC Merger


Mideast Spotify Challenger Anghami Is Said to Near SPAC Merger
Nicolas Parasie, Bloomberg News
(Bloomberg) Music streaming service Anghami is close to being listed on the Nasdaq stock exchange in New York by merging with a blank-check company, according to people familiar with the matter, setting the stage for one of the biggest investments into a Middle Eastern technology startup in years.
Anghami, Arabic for “my tunes,” has been holding talks with Vistas Media Acquisition Company Inc., a special purpose acquisition company set up last year, and a deal may be announced as early as Wednesday, the people said, asking not to be named because the information is private. It would mark the first listing on the Nasdaq in New York by a home-grown Middle Eastern tech company. ....

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