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UAE s Shuaa set to gain as Spotify s Mideast rival Anghami lists on Nasdaq
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
SG SPAC Vistas Media to merge with MENA music streaming platform Anghami
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Mideast Spotify Challenger Anghami Is Said to Near SPAC Merger
Nicolas Parasie, Bloomberg News
(Bloomberg) Music streaming service Anghami is close to being listed on the Nasdaq stock exchange in New York by merging with a blank-check company, according to people familiar with the matter, setting the stage for one of the biggest investments into a Middle Eastern technology startup in years.
Anghami, Arabic for âmy tunes,â has been holding talks with Vistas Media Acquisition Company Inc., a special purpose acquisition company set up last year, and a deal may be announced as early as Wednesday, the people said, asking not to be named because the information is private. It would mark the first listing on the Nasdaq in New York by a home-grown Middle Eastern tech company.
Also in today s EMEA regional roundup: Tesco Mobile boss slams sneaky price increases during a time of pandemic; EU antitrust boss issues recovery reminder; a data center for DRC.
Telecom Egypt has announced plans to launch a new subsea system that will outline the African continent, connecting coastal and landlocked African countries to Europe through the operator s infrastructure. The Hybrid African Ring Path (HARP), which Telecom Egypt hopes to get live by 2023, will connect Africa s eastern and western edges to Europe, from South Africa to Italy and France along the continent s east coast, and to Portugal along its west coast. HARP s planned routes will cross the Sinai Peninsula in Egypt, and will include premium routes on both banks of the Suez Canal.
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