Ritz-Carlton, DIFC Appoints New Sales, Marketing Head

 Soufiane El Allam
Soufiane El Allam
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Ritz-Carlton, DIFC Appoints New Sales, Marketing Head

 Soufiane El Allam
Soufiane El Allam

The Ritz-Carlton, Dubai International Financial Centre (DIFC) has recently appointed Soufiane El Allam as the new director of sales and marketing.

El Allam will concentrate on widening business opportunities for the hotel, strengthening existing ties with key partners, enhancing food and beverage marketing and creating breakthrough concepts to showcase the gastronomic excellence of the hotel’s dining. Under his guidance, The Ritz-Carlton, DIFC will strengthen its position as the place to be for culinary discoveries and entertainment for both the local community and beyond.

El Allam has more than 16 years of experience working in luxury hospitality and has recently returned to Dubai following five years as executive assistant manager, in charge of sales and marketing at The Ritz-Carlton, Bahrain. He is now responsible for directing and developing the overall commercial marketing and sales strategies of The Ritz- Carlton, DIFC.

El Allam brings a wealth of expertise and knowledge successfully leading multi-cultural teams. Soufiane’s experience in hospitality ranges from corporate business hotels to luxury destination resorts as well as golf hotels. He is working closely and strategically with international tourism operators, tourism boards, blue-chip companies, Mice and travel agencies. During his time with The Ritz-Carlton, Bahrain, the team under his leadership successfully sustained the hotel’s performance and position as Bahrain’s leading luxury city resort whilst reinforcing the positioning of the property as the hub for large events, conferences, and destination weddings.

El Allam commented on his appointment saying: “I am delighted to return to Dubai and to continue my career with the prestigious The Ritz-Carlton brand. I am pleased to join a very special team at The Ritz-Carlton, DIFC and to continue my journey with the very successful team of ladies and gentlemen in creating #RCMemories for all of our guests and crafting the exceptional and timeless service for which The Ritz-Carlton is globally recognized for. The DIFC is growing and we are very confident that our luxury travelers would always choose to stay with us as we pride to provide the finest and genuine service."



Egypt's Inflation Slows in July

A man walks in front of the new headquarters of Central Bank of Egypt, at the New Administrative Capital (NAC) east of Cairo, Egypt August 6, 2024. REUTERS/Amr Abdallah Dalsh
A man walks in front of the new headquarters of Central Bank of Egypt, at the New Administrative Capital (NAC) east of Cairo, Egypt August 6, 2024. REUTERS/Amr Abdallah Dalsh
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Egypt's Inflation Slows in July

A man walks in front of the new headquarters of Central Bank of Egypt, at the New Administrative Capital (NAC) east of Cairo, Egypt August 6, 2024. REUTERS/Amr Abdallah Dalsh
A man walks in front of the new headquarters of Central Bank of Egypt, at the New Administrative Capital (NAC) east of Cairo, Egypt August 6, 2024. REUTERS/Amr Abdallah Dalsh

Egypt's annual urban consumer price inflation slid to 25.7% in July from 27.5% in June, a rate of decline faster than analysts had forecast, the country's statistics agency CAPMAS showed on Thursday.
Month-on-month, prices fell by 0.4% in July, down from 1.6% in June. Food prices declined by 0.3% in July, though they were still 28.5% higher than a year ago.
A poll of 18 analysts had expected inflation to have slowed to a median of 26.6% in July, extending a deceleration that began in September, when inflation reached a peak of 38.0%, Reuters reported.
Egypt has tightened its monetary policy under an $8 billion International Monetary Fund financial support package it signed in March, although that program has also required it to increase many domestic prices and let its currency plunge.
The central bank hiked interest rates by 600 basis points (bps) on March 6, bringing total increases in 2024 to 800 bps.
The government raised the price of some subsidized products to battle a budget deficit that hit 505 billion Egyptian pounds ($10.27 billion) in a 3.016 trillion pound budget in the year that ended on June 30.
On June 1, the government raised the price of subsidized bread by 300% and on July 25 the price of fuel by up to 15%.