News

OSN-Anghami Merger Creates New MENA Media Giant

The combined entity will leverage Anghami’s advanced infrastructure to enhance the streaming experience, with OSN integrating 18,000 hours of premium content.

Published

11 months ago

April 5, 2024

Nour Nasir

Anghami

In a significant development, OSN has secured a controlling stake in Anghami, consolidating its position as the Middle East’s premier online media and streaming service provider. Initially announced in November 2023, the acquisition has now received all necessary regulatory approvals.

Anghami stands out as the leading music technology platform in the Middle East and North Africa, boasting a strong market presence and rapid growth. With OSN Group now owning 55.45% of Anghami’s shares (valued at $3.69 each, representing a 1.9x of the closing price on March 28), the combined entity emerges as a formidable media force.

This strategic move unites 120 million registered users and around 2.5 million paid subscribers, and will generate nearly $100 million in revenue upon completion. The merger integrates OSN+’s extensive library of premium video content, spanning 18,000 hours, with Anghami’s vast catalog of over 100 million songs and podcasts.

Moreover, the combined entity will leverage Anghami’s advanced technological infrastructure to enhance the streaming experience through AI-driven hyper-personalization and upcoming cutting-edge products.

Also Read: Talabat And Truecaller Enter Strategic Partnership

Elie Habib, co-founder and CTO of Anghami will assume the role of CEO in the merged company, underscoring a commitment to continuity and expertise. Meanwhile, Joe Kawkabani will remain at the helm as CEO of OSN Group.

Anghami’s journey has been marked by several transformative deals, including a SPAC buyout culminating in a listing on Nasdaq New York, reflecting its evolution and resilience in the market.

The Middle East’s media landscape continues to witness dynamic shifts, evident in notable events such as the high-profile IPO of Saudi MBC Group on Tadawul and the acquisition of Starzplay Arabia by e& Group’s E-Vision and ADQ. The developments highlight the region’s growing dominance of the global media industry.

News

Yabi Introduces AI Financial Coach For Smarter Money Moves

The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.

Published

7 hours ago

February 22, 2025

Nour Nasir

Yabi

Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.

Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.

Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.

Here are some of the updated app’s new features:

AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.

Also Read: A Guide To Digital Payment Methods In The Middle East

Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.

Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.