March 14- The aviation industry body IATA cut its net loss forecast for Middle East carriers to $400 million (Dh1.46bn) a substantial reduction from its initial forecast in 2009 of a $1.5 billion loss. Giovanni Bisignani said demand is causing recovery in the region but low yields on hub traffic will limit profitability.
Bisignani, who is IATA’s director-general and chief executive, explained in a teleconference yesterday, that “We can clearly see from the numbers that the industry situation is improving.” He said the improvement is driven by a recovery in demand as evidenced by year-end gains that have continued into the first months of 2010. Globally, passenger demand has increased 6.4 percent and cargo growth increased 28.3 percent in 2009. However, IATA said demand is still 2-3 percent lower than before the international economic crisis. Bisignani projects Middle East carriers demand will grow 15.2 percent in 2010.
Rainbow Street was transformed in 2007 to make it a heritage attraction point. It's a great place to get a feel for the culture of modern Amman. The street is named for the old Rainbow Cinema (which is no longer open). It was repaved in cobblestone to slow traffic, making it safer for pedestrians and enhancing the atmosphere. Rainbow Street is lined with boutiques, art galle...
Tashkent TV Tower: The TV Tower has an observation deck offering spectacular views of the city, and was built in 1981 is the highest building in Central Asia. It is 375 m high. It is the 10th highest building in the world and has a revolving restaurant 110 meters above the ground. ...
This attraction is a thirty minute drive west of Riyadh. It features a traditional country club layout with superb grassy greens; the last nine holes are even floodlit for night golf. The club also offers tennis, swimming, and horse-back riding activities as well. ...
The largest cemetery in Paris is spread out over nearly 120 acres and attracts hundreds of thousands of visitors annually. Known as the City of the Dead, the cemetery has thousands of elaborately decorated tombstones and mausoleums. Numerous narrow paths wind through them. More than 300,000 people are buried here, with the cremated remains of thousands more in the columbarium. The property...