Source: The National
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
A Future Without Hezbollah
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Sports
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Real Madrid Launch Investigation into Racist Insults After El Clasico Defeat
Real Madrid has launched an investigation into racist insults directed at players during Saturday’s 4-0 home loss to Barcelona in LaLiga, it said on Sunday.
Monday, October 28, 2024
Friday 4 February 2022 10:45:16
ADGM-Based Anghami Lists on Nasdaq with a Bell-Ringing Ceremony
Abu Dhabi Global Market-headquartered Anghami, the music streaming rival of Spotify in the Arab world, successfully listed on New York’s Nasdaq with a bell-ringing ceremony on Thursday.
The listing followed Anghami’s deal with Vitas Media Acquisition Company (VMAC), a special purpose acquisition company, or Spac, set up in 2020.
Anghami has become the first Arab technology company to be listed on Nasdaq and the first Arab company to list on this market in more than 25 years, the firm said.We have carved out a place not only in the industry, but also in the hearts of music lovers in across the region, with a 58 per cent market share
Eddy Maroun, co-founder and chief executive of Anghami
Founded in 2012, the ADGM-registered public company listed with the trading name Anghami.
ADGM will continue to support Anghami in the next phase of its growth story, said Ahmed Jasim Al Zaabi, chairman of ADGM.
“Anghami is set to become the first Arab technology company to successfully list on Nasdaq, which is a remarkable achievement. The approval demonstrates the vast opportunity for ADGM-based companies to tap into global capital markets to raise funds to realise their full potential,” Mr Al Zaabi said.
Anghami established its global base and research and development centre in Abu Dhabi last year, as part of a partnership with the Abu Dhabi Investment Office under the $545 million innovation programme.
Adio has provided Anghami with financial and non-financial incentives to set up at ADGM, in addition to helping the platform access the advantages of Abu Dhabi, including its strategic location, access to a competitive talent pool and established infrastructure.
“We have carved out a place not only in the industry, but also in the hearts of music lovers in across the region, with a 58 per cent market share,” said Eddy Maroun, co-founder and chief executive of Anghami.
Welcome to the first Arab tech company on Wall Street - welcome to Anghami approved to list on NASDAQ… Yalla Bina!!#AnghamiCelebratesNASDAQ #FirstArabtechonNASDAQ pic.twitter.com/kHD3wLJ3l5
— Anghami (@anghami) February 3, 2022
“We look forward to continuing our mission to transform the music streaming industry worldwide by bringing fans and artists together to deliver a unique streaming experience with our focus on original, hyper-local content and an extensive catalogue of music and entertainment."
Dubai investment bank Shuaa Capital invested an undisclosed amount as part of a new funding round in Lebanon-born Anghami in January last year.
Commenting on Twitter on Thursday, Shuaa Capital's chief executive Jassim Alseddiqi wrote: “Anghami successfully lists on Nasdaq New York; the first Arab technology company to list on Nasdaq. Congratulations to the Anghami team and pleased for Shuaa Capital to be leading the listing and the round of funding."
Anghami’s music streaming platform has more than 75 million users in Europe, the US and the Middle East and North Africa region. It offers access to more than 72 million Arabic and international songs to stream and download, and about 200,000 Arabic and global podcasts.
Abu Dhabi is proud to celebrate Anghami's achievements “as it receives final approvals to list on Nasdaq … paving the way for it to become the first Arab technology company to achieve this monumental milestone”, said Mohammed Al Shorafa, chairman of the Abu Dhabi Department of Economic Development and vice chairman of ADGM.
“A true technology pioneer and regional success story, Anghami's drive for innovation and growth has enabled it to reach new heights, boosted by support from the emirate’s ecosystem … working as an integrated ecosystem, Abu Dhabi provides support and enables opportunities for fast-growing companies.”
Anghami has worked with several local label partners to build a comprehensive catalogue of songs from around the region and negotiate licences with major international labels.
“As we prepare for life as a public company, I would like to thank Abu Dhabi Global Market for its support in cultivating an environment that allows exciting home-grown Middle East technology companies such as Anghami to grow and thrive,” said Elie Habib, co-founder and chief technology officer of Anghami.
