All users of Anghami, the MENA region’s leading music and entertainment streaming platform, have a reason to celebrate because Rotana Music Holding, the largest record label and music repertoire holder in the Arab world, has just agreed to bring its large music library back to the platform.
We say “back” because Rotana was one of Anghami’s key partners when the service launched in 2012. The partnership ended when Rotana decided to move its copyrighted content to Deezer, which is partially owned by Rotana’s owner Al Waleed Bin Talal.
Anghami’s recent growth following its listing on the NASDAQ stock exchange on 4 February 2022, which caused its shares to grow by 80 percent and its market capitalization to exceed $500 million, might be a reason why the two companies are partners again.
Rotana’s music library includes some of the most popular Arab artists, such as Mohammad Abdo, Abdul Majeed Abdullah, Rashid Al Majid, Abdullah Al Ruwaished, Majed Al Mohandes, Rabeh Saqr, Nawal Al Kuwaitiya, and Ahlam.
The agreement for the partnership was signed Salem Al Hindi, CEO of Rotana Music Holding and Eddy Maroun, Anghami’s co-founder and CEO.
“We are thrilled to commence this partnership with Anghami, which will also strengthen the relationship between Rotana and its artists,” said Salem Al Hindi. “Rotana and its artists. We are confident that this collaboration will expand the business even further with the purpose of reaching Rotana music fans across the world.”
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Eddy Maroun said that he was delighted to welcome Rotana to Anghami. “There is no better way to celebrate Anghami’s tenth year and next chapter, than expanding our library of 72 million songs to include Rotana’s authentic Arabic content and rewarding fans with a wealth of original tracks,” he added.
The partnership with Rotana is expected to attract even more listeners to Anghami, which already has 75 million users from around the world.
World’s Largest Metaverse Developer Opens Dubai Office
LandVault, the largest metaverse creator, is expanding its presence into the MENA region.
LandVault, the world’s largest metaverse developer, will expand operations to Dubai later this month as part of an ongoing strategy to boost its presence in the MENA region. The company aims to help local businesses gain a foothold in the expanding web 3.0 universe and sees exciting opportunities to bolster its client portfolio.
So far, metaverse developer LandVault has lived up to its name, creating and curating over 100 square feet of virtual space for a diverse range of organizations, including the nearby Yas Marina Circuit, Aldar, Mastercard, Standard Chartered, World of Women, Hershey’s, and many more.
The Dubai government’s Metaverse Strategy is one of the key reasons LandVault has been inspired to move to the region, as leaders plan to transform the Emirate into one of the world’s top 10 metaverse economies by 2030. Eventually, it’s hoped that in excess of 1,000 companies in the blockchain and web 3.0 spaces will be inspired to set up entities in the region, creating around 40,000 new jobs in the process.
“We are excited to open our office in Dubai and to be a part of the vibrant tech community in the UAE. The MENA region is a key market for us, and we believe that our presence in Dubai will allow us to assist the region and explore new opportunities. We are also excited about the potential for the metaverse in the real estate industry in the UAE. We look forward to working with developers and real estate companies to showcase their properties in a new and innovative way,” says Sam Huber, CEO of LandVault.
Alongside developing the metaverse from its new Dubai office, LandVault will also deploy its technology to assist the UAE’s real estate sector. Developers will soon be able to showcase their projects in a way that was never previously possible, reaching a much wider audience with immersive and interactive property tours and even virtual showrooms.