Your top 5 pieces of business and economic news in February

Your top 5 pieces of business and economic news in February:

• The EGP reached new three-year highs against the greenback during the second week of February.
• The Egyptian Competition Authority raised questions about two of Egypt’s largest ever M&As, forcing Saudi Telecom to submit an MTO for 100% of Vodafone Egypt and is considering an intervention to block merger talks between Cleopatra Hospitals and Alameda Healthcare.
• Non-oil business activity sank to three-year lows in January amid falling demand and production.
• The Egyptian economy grew at a 5.6% clip in 1H2019-2020.
• Heliopolis for Housing and Development suspended plans to offer a 10% stake + management rights to private investors amid conflicting accounts of whether the expected bidders actually submitted offers.