Day: February 24, 2026

Soma Bay, Red Sea, Egypt – 2026 – Sheraton Soma Bay Resort proudly announces the completion of an extensive transformation, ushering in a new chapter for this iconic five-star destination on Egypt’s Red Sea coast. Reimagined in full alignment with Sheraton Hotels & Resorts brand standards, the transformation reinforces the…

Cairo, Egypt – February 2026 – Waldorf Astoria Cairo Heliopolis is pleased to announce the appointment of Joseph Yohanna as Director of Operations, effective February 2026. With over 22 years of progressive hospitality experience, Joseph brings an exceptional track record of commercial excellence, strategic leadership, and operational performance across luxury…

Gold prices retreated from a three-week peak on Tuesday, pressured by a surging US dollar despite lingering uncertainty over US trade tariffs and ongoing geopolitical tensions.   Market performance Spot gold dropped 1.5 percent to US$5,150.38 per ounce, while US gold futures for April delivery fell 1.1 percent to $5,170.70.…

The US Dollar Index (DXY) rose above the 97.8 level on Tuesday, rebounding after coming under pressure in the previous session as investors continue to assess the uncertainty surrounding US trade policy.   Legal and trade developments In the latest development, global logistics giant FedEx filed a lawsuit seeking a full refund…