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Anghami Lab Venue To Bridge Digital And Traditional Entertainment

The Dubai venue is scheduled to open in early 2022.

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anghami lab venue to bridge digital and traditional entertainment
Anghami

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.

Also Read: Anghami Review: The MENA’s Favorite Music Streaming Service

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).

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New Merger Creates Middle East’s Biggest Telecom Company

Saudi Arabia’s PIF and stc Group have combined resources, in a move that will significantly boost network coverage and customer experience.

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new merger creates middle east's biggest telecom company

Saudi Arabian wealth fund PIF has agreed to purchase a 51% stake in Tawal, the country’s biggest telecommunications infrastructure company, with an enterprise value of $5.85 billion. The stake was formerly owned by the Saudi Telecommunications Company (stc Group).

PIF and stc Group will now merge Tawal and Golden Lattice Investment Company (GLIC) into a new entity, forming the “largest regional company in the telecommunication infrastructure sector” with over 30,000 mobile tower sites and annual revenues surpassing $1.3 billion.

The new company will be owned 54% by PIF and 43.1% by stc Group, with GLIC minority shareholders owning the rest of the issued share capital.

Raid Ismail, Head of MENA Direct Investments at PIF said: “Today’s announcement is a significant milestone for the telecommunications industry in Saudi Arabia and the wider region. By bringing together the assets of GLIC and TAWAL, we will establish a consolidated platform on which the telecommunications sector can flourish and give people a better experience to best connect communities and businesses. It is also in line with PIF’s strategy and the Saudi Vision 2030”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Combining Tawal and GLIC is seen as a positive stepping-stone to consolidating Saudi Arabia’s tower market and increasing operating efficiencies and excellence to deliver a better experience for customers.

Once operational, network coverage should see a welcome boost, while general connectivity and internet speeds will also be improved.

The merger follows Tawal’s purchase of infrastructure in Bulgaria, Croatia, and Slovenia, making this “Saudi national champion” the region’s biggest independent tower company.

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