Business News Wrap-up

EGX closes in mixed performance, cap gains over LE 3B

The Egyptian Exchange (EGX) ended its transactions Tuesday in mixed performance.

14 firms seek listing in EGX in 2018

The average trading value was LE 800 million, EGX Chairman Mohamed Farid said.

EGX attracts 22K new investors in 2017

The improvement in the EGX's performance in 2017 is an indication of the success of the economic reform program.

Foreign investors' purchases in EGX record LE 73B in 2017

“Six IPOs took place in 2017 with a total value of LE 4 billion," EGX chairman said.

Egypt to choose 4-5 banks to arrange next Eurobonds issuance

Egypt will conduct a short roadshow to promote the Eurobonds issuance in January.

China lifts yuan midpoint to three-and-a-half-month high

China's central bank on Tuesday lifted its official yuan midpoint CNY=PBOC to the highest level in 3-1/2 months at 6.5416 per dollar.

Bitcoin rises 10%, recovers from last week's brutal selloff

Bitcoin extended its recovery in holiday-thinned trading on Tuesday.

Up to 2,454 new companies established in October: CAPMAS

The number of companies established in October stood at 2,445, an increase of 1,519 companies compared to September.