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M&A WATCH-
That’s a wrap on the country’s first SPAC acquisition: Catalyst Partners’ SPAC Catalyst Partners Middle East (CPME) has completed its acquisition of Qardy and Catalyst Partners through share swaps, the SPAC said in an EGX disclosure (pdf).
(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)
REMEMBER- Catalyst Partners Middle East became Egypt’s first SPAC after receiving the green light from the FRA in September 2024, before listing on the EGX two months later. The SPAC is currently getting ready for its trading debut on the EGX.
DIPLOMACY-
No regional stability without a Palestinian state -Madbouly: Prime Minister Moustafa Madbouly told a high-level UN conference on Palestine yesterday that a Palestinian state is a must for the region’s stability. “There can be no stability in the Middle East without a just and comprehensive solution that fulfills the Palestinian people’s legitimate aspirations for an independent state,” said Madbouly. Madbouly condemned Israel’s ongoing attacks on Palestine and “the dangerous precedent of bombing the State of Qatar,” stressing that Egypt rejects any attempt to forcibly displace Palestinians. He urged all partners to contribute to the Arab-Islamic plan for rebuilding Gaza, framing it as integral to turning the two-state solution into reality. Egypt will host an international conference on the reconstruction of Gaza once a ceasefire agreement is reached, he added.
TELECOMS-
The government is moving ahead with a plan to vacate extra frequency bands for Egypt’s four mobile operators through the National Telecom Regulatory Authority, Al Mal reports, citing unnamed sources in the sector. Talks with the operators have reached the final stage and focus on the 2.6 GHz band.
Once cleared, the frequencies will be auctioned to Vodafone, Orange, e&, and Telecom Egypt, with allocations rolled out gradually until late 2026. The aim is to expand 5G services, improve network quality, and attract fresh infrastructure investment.
