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.
Humayun's 16th-century Delhi had at its centre the fortress of Purana Qila, which reputedly stands on the site of Indraprastha, the city of the Pandavas in the Mahabharata. Of the buildings that survive today, the Qila-i-Kuhna Masjid, a successful fusion of the Islamic and Hindu styles, was constructed by Sher Shah in 1541. The Sher Mandal is an octagonal observatory and library. The north gat...
Phoenix Park is one of Europe's largest urban parks at more than 1700 acres. It was established in the 1650s as a deer park under the supervision of James Butler, a viceroy for English king Charles II. Because of the deer and other wildlife, it was enclosed by a wall. It opened to the public in 1745, which it has remained ever since. The park is immortalized in literature i...
This is a mosque located on the outskirts of Makkah. It serves as a Meeqat, or point where one can make the intention for Umrah. The mosque is named after the Prophet Muhammad’s (SAW) wife, Aisha (RA), who while accompanying the companions on the first Hajj prayed at this spot to make intention for Umrah. SAPTCO buses run to and fro from this architecturally scenic mosque charging SAR 2. Private c...
Located in Manurewa (South Auckland) containing numerous varieties of plants and exotic flowers. It also hosts the annual Ellerslie Flower Show. ...