News

Spotify Rumored To Be Taking Over Rival Anghami

The Abu Dhabi-based music streaming service was listed on the Nasdaq back in February of this year.

Published

2 years ago

November 4, 2022

spotify rumored to be taking over rival anghami

Music streaming giant Spotify is believed to be gearing up for a potential takeover of Abu Dhabi-based Anghami, which went public on the Nasdaq stock market in February, according to undisclosed sources.

Rumor has it that Anghami went public knowing that Spotify had shown interest in acquiring them. However, a Spotify spokesperson insisted there was no news to report on the matter, and Anghami representatives have also been tight-lipped.

Anghami, was the first Arab tech company to list on the Nasdaq, and recently moved its headquarters from Beirut to Abu Dhabi, after entering into the Abu Dhabi Investment Office’s Innovation Programme, to the tune of $545 million.

Also Read: The Technology Powering Qatar’s FIFA World Cup 2022

So why would a takeover make sense for Spotify? Well, for one, Anghami has a vast library of Arabic music and has signed deals with Egyptian star Amr Diab, and Saudi Arabia’s Rotana record label, the largest in the Middle East. The Abu Dhabi-based streaming service also has nearly 60% of the Middle Eastern market share, with 1.28 million paying subscribers and almost 20 million active users.

As Anghami continues to expand its reach, including a recent acquisition of Spotlight Events, a company that specializes in live events and concerts in the MENA region, interest from tech giants like Spotify will surely continue over the coming years.

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

5 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.