Middle East carriers face more turbulence according to the International Air Transport Association’s (IATA) revised annual forecast. IATA said airline industry losses will reach $1.5 billion (Dh5.5 billion) by the end of the year. Previously IATA forecast losses of $200 million (Dh734 million). IATA explains that the region’s geographic location is the centerpoint for several international hubs which means it is severely impacted by the recession in Europe and Asian, which are source markets.
IATA Director-General said “There is no modern precedent for today’s economic meltdown. The ground has shifted. Our industry has been shaken.” Giovanni Bisignani addressed top industry leaders about the economic slowdown at the IATA annual general meeting and world air transport summit yesterday. He said the current economic meltdown is the worst situation the airline industry has ever faced.
This huge market was given the name ‘Russian’ after it turned into a major tourist stop. The market has shops for everything from electronics to fabrics and souvenirs. There are several vendors’ stalls and barrows selling inexpensive silk and other fabrics that can be given to the tailor with specifications suggested. The south of Russian Market is packed with stalls of traditional Khmer handicraf...
Singapore is a place which offers equal advantages to adults and children alike. Some of the major attractions for children in Singapore are: Singapore Duck Tours It's a boat, a bus, a truck, it's the splashing duck! This Tourism Award winning DUCKtours offers a combined City and Harbor tour including some of the major sites for entertaining children along with a duck which will...
One of Prague’s original town fortifications, you can recognize it by its blackened appearance. It also has an observation tower. Opening Times: 10am – 10pm June to September 10am – 7pm April, May, October 10am – 6pm March 10am – 5pm November to February Admission Prices: adult/concession 50/40 Kč {loadposi...
For centuries, the only crossing of the Thames was the London Bridge. By the nineteenth century, several other crossings had been built, but they were all in the wealthier west London neighborhoods. The densely packed East End had no bridges, and a simple journey across the river could take hours. By 1876 the problem could no longer be ignored. A committee was formed and th...