During the last year and a half, we’ve seen more concerts canceled than performed. Unable to entertain their fans in person, many artists have embraced modern digital alternatives, taking full advantage of social media and music streaming platforms. But it seems that the entertainment industry is finally ready for reopening because Anghami, the leading digital distribution company in the Arab world, has announced its plan to bridge digital and traditional entertainment with its innovative entertainment venue named Anghami Lab.
The new venue will open in the heart of Dubai, and it will feature a studio where artists can work on their music and a venue where they can perform it. The resulting music will then be available for streaming on the Anghami app (available on Windows, Symbian, Windows Phone, Linux, BlackBerry OS, Android, iOS, Chrome OS, OS X, MeeGo, and even PlayStation 4).
To give visitors one more reason to come in, Anghami has partnered with Addmind, the region’s market leader in hospitality, to serve a fusion of Arabic and International recipes that represent the different flavors of music available on the Anghami app.
“We are excited to partner with Addmind to create this unique, transformational experience for our users,” said Eddy Maroun, co-founder and CEO of Anghami. “Anghami Lab is an amazing and unique concept that embodies our rich Arab culture with an international twist, which we are thrilled to bring to fruition and scale,” added Tony Habre, CEO of Addmind.
The Dubai venue is scheduled to open in early 2022, and more venues are planned to open not long after in Riyadh, Jeddah, Cairo, Beirut, London, New York, Los Angeles, and other global cities.
The announcement of Anghami Lab comes ahead of the proposed merger with Vistas Media Acquisition Company, a special purpose acquisition company. The goal of the merger is to list Anghami on the New York Stock Exchange (NYSE).
Abu Dhabi’s Hub71 To Help Climate Technology Startups
The initiative was announced at the COP28 summit and will help selected startups with a $200,000 cash injection and further incentives.
Hub71, Abu Dhabi’s global technology system, has launched a new initiative to support climate technology startups backed by several of the UAE’s largest public and private sector organizations.
A total of 342 startups have submitted applications so far, with the top companies being added to a shortlist that will be revealed shortly. Selected startups will receive Dh250,000 ($68,000) in incentives and an upfront cash support package of Dh250,000. In addition, the top performers of Hub71’s new initiative will also receive a top-up of up to Dh250,000 in exchange for additional equity.
Ahmad Alwan, deputy chief executive of Hub71, said: “This initiative aims to bring in different entities that have a shared mission towards climate tech […] Throughout the journey, we will support these companies, not only from being startups to becoming mature companies but also to facilitate their engagement with entities that would support them with access to capital, market, and talent”.
The Hub71+ ClimateTech ecosystem is backed by the Abu Dhabi National Energy Company and the National Central Cooling Company, who have each pledged Dh500,000 to the initiative as anchor partners.
They are joined by corporate partners, including Abu Dhabi holding company ADQ, Aldar Properties, sovereign wealth fund Mubadala, First Abu Dhabi Bank, Masdar City, and Dubai’s Emirates NBD. In addition, Siemens Energy is also onboard as an anchor partner.
So far, Hub71 has helped 260 member startups and created over 1,000 jobs, according to the organization’s website. In addition, it has collectively raised around Dh5 billion since its foundation in 2019.