Michael Gunn

Jan 9, 2025 | bloomberg.com | Michael Gunn

Egypt’s inflation rate slowed to its lowest level in two years, easing the path for the North African nation’s first interest-rate cut since 2020. Annual consumer prices in urban areas rose 24.1% in December versus 25.5% the month before, marking a second consecutive month of slowing, the state statistics agency CAPMAS said Thursday. It was its lowest level since December 2022, according to data compiled by Bloomberg. The monthly inflation rate eased to 0.2% from 0.5% in November.

Jan 8, 2025 | bnnbloomberg.ca | Michael Gunn

(Bloomberg) -- Egypt’s inflation rate slowed to its lowest level in two years, easing the path for the North African nation’s first interest-rate cut since 2020. Annual consumer prices in urban areas rose 24.1% in December versus 25.5% the month before, marking a second consecutive month of slowing, the state statistics agency CAPMAS said Thursday. It was its lowest level since December 2022, according to data compiled by Bloomberg. The monthly inflation rate eased to 0.2% from 0.5% in November.

Jun 5, 2024 | bloomberglinea.com | Souhail Karam |Michael Gunn

Bloomberg — Marruecos tiene previsto iniciar este año el comercio de derivados, al tiempo que el reino expande los mercados de capitales para contribuir a financiar un incremento en el gasto en infraestructuras y prepararse para coorganizar la Copa del Mundo de la FIFA en 2030.

Jun 4, 2024 | bloomberg.com | Michael Gunn

A key index of activity in Egypt’s non-oil economy climbed to its highest level in almost three years, finally approaching growth territory as inflation cooled and foreign currency became more available after a steep devaluation. The Purchasing Managers’ Index compiled by S&P Global, which measures the performance of the private sector, rose to 49.6 in May from 47.4 the month before.

Jun 4, 2024 | yahoo.com | Michael Gunn

Michael GunnJune 4, 2024 at 1:25 AM·2 min read(Bloomberg) -- A key index of activity in Egypt’s non-oil economy climbed to its highest level in almost three years, finally approaching growth territory as inflation cooled and foreign currency became more available after a steep devaluation.