The UAE government signed a non-binding agreement with six other states and the European Commission outlining principles to liberalize the global airline industry. The International Air Transport Association (IATA) said the agreement is aimed at boosting the airline industry which has lost US$53 billion (Dh194.66bn) over the past eight years. It would change a 65 year old bilateral system that restricts the way airlines can do business. For example airlines are not allowed to merge across borders because of national ownership requirements.
Director General and chief executive of IATA explained “Sixty five years ago, when airlines were divisions of the state apparatus, the bilateral system and its restrictions made sense.” He said now these restrictions are holding airlines back. Other previously regulated industries became more open a long time ago. In September, IATA forecast the regions commercial airlines would lose $500 million, down from their previous forecast of $1.5 billion.
Casablanca Twin Center is a bold piece of architecture that represents a modern and enterprising Casablanca. Reaching a height of 100m, this building is a vibrant commercial center. The tower houses offices, dwellings and commercial establishments, the latter on the first five floors. Terraces, bars and restaurants occupy the top floor. Three basement car parks provide ample parking. Address: B...
Since the Liberdade is largely the immigrant district of Sao Paulo, it seems reasonable that it pay homage to one of its largest immigrant groups by establishing a museum in its honor. This two-story museum features Japanese contributions to Brazilian horticulture and farming and has countless Second World War memorials. Address : Rua São Joaquim 381, Liberdade Tel : 011/3209-5465 Timings :...
The economic hub of Germany and all of Europe, the European Central Bank is charge of administrating the monetary policy of the European Union. Tours for the bank have to be arranged via tourist agencies in Frankfurt. Address: Kaiserstraße 29 60311 Frankfurt, Deutschland Phone: 069 1344-0 URL: www.oma.eu ...
is also worthy of a visit. The beautiful mosque dates back to the 8th century AD. ...