Elissa will return to Anghami with a new podcast. Supplied
Elissa will return to Anghami with a new podcast. Supplied
Elissa will return to Anghami with a new podcast. Supplied
Elissa will return to Anghami with a new podcast. Supplied

Lebanese singer Elissa set to launch an exclusive new podcast on Anghami


Saeed Saeed
  • English
  • Arabic

Elissa is set to host her own podcast on Anghami.

The streaming platform confirmed on Wednesday that the Lebanese pop star will helm her own audio series, which will be available exclusively on the site.

While neither Elissa nor Anghami gave further details on the content of the podcast and its launch date, the platform did post a preview video on Instagram and Twitter showing Elissa walking into the company’s studios.

The move marks the singer's first collaboration with Anghami since the majority of her music catalogue was removed from the platform and streaming sites Spotify and Apple Music in favour of rivals Deezer, as part of a 2018 exclusive distribution deal.

Elissa decried the move, as a result of which about 500 million streams wiped away, in a social media post following the announcement of the agreement.

"It's true. My content is being blocked by Rotana because of their new agreement with Deezer," she tweeted. "I am devastated to see my efforts vanish after all these years."

With Elissa's latest Rotana-released album Sahbit Raey exclusively available on Deezer, it remains to be seen whether this new tie-up with Anghami is limited to the podcast series or is part of a wider distribution deal.

Anghami has big plans for Abu Dhabi

Elissa’s return to the platform comes after Anghami chief executive Elie Habib announced the relocation of the company's headquarters from the Lebanese capital Beirut to Abu Dhabi.

As part of a Dh2 billion ($545 million) partnership with Abu Dhabi Investment Office, Anghami will set up a research and development centre in the UAE capital.

Anghami's Lebanese co-founders Eddy Maroun, left, and Elie Habib at their headquarters in Beirut. Natalie Naccache for The National
Anghami's Lebanese co-founders Eddy Maroun, left, and Elie Habib at their headquarters in Beirut. Natalie Naccache for The National

Speaking to The National about the agreement, Habib says Anghami will take up offices in Abu Dhabi Global Market on Al Maryah Island later in the year.

He said the first batch of 50 engineers will relocate from the Beirut office to Abu Dhabi in February.

Habib says the partnership with ADIO reflects Anghami’s ambition to be the region’s leading tech company.

“We have been positioned as a Lebanese start-up company; now we are saying we are not that any more and we are something bigger,” he says.

“By moving to Abu Dhabi, we will have access to skills, talent and investors to take the company to the next level.”

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

The specs: 2018 Kia Picanto

Price: From Dh39,500

Engine: 1.2L inline four-cylinder

Transmission: Four-speed auto

Power: 86hp @ 6,000rpm

Torque: 122Nm @ 4,000rpm

Fuel economy, combined: 6.0L / 100km

SCORES IN BRIEF

New Zealand 153 and 56 for 1 in 22.4 overs at close
Pakistan 227
(Babar 62, Asad 43, Boult 4-54, De Grandhomme 2-30, Patel 2-64)

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Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

MATCH INFO

Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)

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