Marsa Alam

Some 90% of the properties in Mursa, Alam, Hurghada, and Sharm will hold their rates as is.

Altaf Abdullatif of the Marsa Alam and South Sinai Investors Association told us that the freeze is deliberate and that operators want it that way.

And here's why.

Hotels actually swallowed August's electricity, water, and fuel increases without passing a pound of it on to guests.

Third, Beltone swung to a 47.8 million pound loss in the second quarter, as operating expenses grew faster than revenue.

Meanwhile, on the Red Sea, PIC Albatros is partnering with Emirati NG9 Holding to build three new hotels in Marsa Alam, with a combined investment of roughly $180 million.

And finally, work-from-home Sundays are extending for another month, according to a Cabinet statement, which means traffic at the beginning of the week will be a breeze for a while longer.

Control is the word tying together this morning's global stories.

And the Qataris just made an announcement, you know, of, um, of starting, you know, and, um, deploying capital in their own master plan.

And, um, um, Marsa, Marsa Alam room, um, not too far from where Ras El Hekma's gonna be.

Um, private developers are adding, you know, some, some hospitality, uh, products in addition to their residential compounds and their mixed uses, et cetera.

So it's just, it's, it's, it's very much all over the place.