Up to 18 travel agents or sales intermediaries may go out of business because they lack bank guarantees, a requirement imposed by the International Air Transport Association (IATA). Travel agents that are accredited by IATA must provide a bank guarantee in order to sell airline tickets and complete these transactions through the Business and Settlement Plan (BSP).
Dr. Majdi Saberi said this requirement is not new, and BSP covers Bahrain, Oman, and Qatar as well as the UAE. Dr. Saberi is the regional vice-president for the Middle East and North Africa for IATA. He explained the level of financial security required is determined by airlines and agencies that sit on the Agency Programme Joint Council. “IATA has no part in it. IATA’s role is to apply the accreditation criteria in a neutral manner.” Dr. Saberi said the purpose of the accreditation criteria is to ensure that an agent has appropriate facilities, an adequate number of qualified staff, and is licensed by the relevant government department.
Marienplatz is the very heart of Munich and is always full of crowds who are being entertained by street performers and musicians. This square is dedicated to the patron of the city, whose golden statue stands on top of a huge column (the Mariensaule) in the center of the square. The city's most beautiful square, Odeonsplatz is located to the north. Travelling west from Odeonsplatz you will ...
Known as the Art Deco Central Market, this vibrant bazaar has been around since 1936 and has grown to hold over 130 arts and crafts shops along with regular cultural performances. Before such a cultural explosion, the Central Market was popular for being KL's top destination when buying fresh produce. In 1986 the market took a turn and became what it is today: a conglomeration of diverse items so...
The power of the Ottoman Empire was largely based on war and conquest. The military was its most important institution. The Istanbul Military Museum puts that on display. The museum originally opened in 1950 and housed in an old church. In 1993, it moved to its current location in the old Ottoman imperial military academy. As one would expect from a military museum, it...
Built around 160 A.D. this is a magnificent theatre. Tourists can get tickets to watch ballet performances, theatrical performances and comedies staged here. Timings: Only during performances Address: Dionyssiou Areopagitou Admission: 2 EUR [for entry into both the Odeon & theatre] Tel: 210-323-2771 ...