Thai Airways faces more bad news with bigger losses in Q2

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Thai Airways faces more bad news with bigger losses in Q2 | The Thaiger
Thai Airways’ problems appear to be compounding with a perfect storm of an ageing fleet, a plateauing of tourist intake and increased competition from newer, more nimble budget airlines.

The country’s national pride and joy had a poor Q2 this year, compounding years of declining profit results. The  second quarter loss more than doubled losses for the same quarter last year as the global economic slowdown took a toll on the airline’s revenue.

Thai Airways reported a net loss of 6.88 billion baht in Q2, 2019. In the same quarter last year the loss was 3.1 billion baht.

Aviation analysts say the legacy airline struggles to operate with ageing aircraft, declining tourist arrivals and a strong Thai currency. In the past 12 months the Thai baht has appreciated 8% against the US dollar, and appreciated against many other world currencies affecting decisions of tourists to travel to Thailand.

The Airline has been criticised for resisting changes to its business culture and upper management – long accused of cronyism, nepotism and inefficiencies.

New Transport Minister Saksayam Chidchob has already thrown his supported behind Thai Airways’ plan to buy new aircraft. Last week Thai Airways executives inspected the new Airbus A220 during its tour of south east asia – a smaller single-aisle new generation jet.


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Seven people injured in clashes between two families in Iraq’s Duhok

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Erbil ( – Seven people were wounded Saturday in clashes between two families in Duhok governorate in Iraqi Kurdistan, a security source said.

Speaking to the Arabic-language Baghdad Today news website, the source said that two of the wounded are in critical condition, adding that the confrontation erupted over a plot of land.

Police forces were able to control the situation, added the source.

The Iraqi government and non-governmental organizations launched many initiatives over the past period to persuade rival tribesmen to sign petitions to stop their fighting, which claims the lives of several people daily.

Chieftains were also urged to intervene to put an end to tribal disputes in the country through forcing tribesmen to hand over their weapons to the Iraqi army.


Source : Iraqi News

King Salman arrives in Mina to oversee pilgrim services

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King Salman arrives in Mina to oversee pilgrim services. SPA

MINA — The Custodian of the two holy mosques King Salman Bin Abdulaziz arrived in Mina, in the holy city of Makkah on Saturday, to supervise the services provided during the Haj pilgrimage.

As Custodian of the Two Holy Mosques, King Salman is there to oversee the comfort of the pilgrims and “ensure the services provided by the relevant government and private sector bodies meet the needs of the pilgrims and allow them to complete their Haj rituals with ease, tranquility and safety,” according to Saudi Press Agency.

Almost 2.5 million Muslims from all over the world are participating in Haj, one of the largest annual global gatherings.

On Saturday, pilgrims ascended Mount Arafat, the most important aspect of the Haj rituals.

Muslims on Sunday will observe the first day of Eid Al-Adha, or Feast of Sacrifice, which marks the end of the Haj.

King Salman was accompanied by several senior officials, including Interior Minister Prince Abdulaziz bin Saud bin Naif. SPA

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Stations, roads packed as travelers leave for summer holidays

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Numerous ports of departure overflowed Saturday with people traveling for the summer holidays, as many shinkansen (bullet trains) reached over 100 percent occupancy for unreserved seating and highways saw traffic jams of more than 30 kilometers long.

According to railway operators, the rate for unreserved seating areas on the Tohoku shinkansen line from Tokyo to the northeastern city of Morioka reached 150 percent in the morning, while the shinkansen from Nagoya to Hakata saw an occupancy rate of 180 percent.

A section of the Sanyo Expressway in the western prefecture of Okayama was backed up for 40 km, while other areas on western, central and eastern Japan expressways saw traffic jams of over 20 km, according to the Japan Road Traffic Information Center.

On the Shin-Tomei Expressway in Shizuoka Prefecture, a truck rammed into a line of cars stuck in traffic at around 6 a.m., killing one and injuring six others, and causing the section of the expressway in Numazu to be closed for over four hours.

The holiday exodus also led to congestion at airports. Airlines said travelers’ departures on international flights would peak between Friday and Saturday, while those on domestic flights would continue through Monday.

The rush of people returning home by bullet train and on expressways is expected to peak on Thursday.



Source : Japan Today

Qatar prevails over UAE in trade dispute at WTO

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10 Aug 2019 – 9:19

Qatar prevails over UAE  in trade dispute at WTO

Qatar flag seen on the Corniche (File pic/Reuters)


The State of Qatar announced yesterday that its permanent mission to the World Trade Organization (WTO) has received a formal communication indicating that the United Arab Emirates (UAE) had withdrawn its WTO dispute concerning certain alleged measures adopted by Qatar.

Qatar’s Ministry of Foreign Affairs pointed in a statement that the UAE Ministry of Foreign Affairs and International Cooperation released a statement confirming that the UAE formally backed down from their case.

The UAE’s failure in advancing this dispute against the State of Qatar demonstrates that the allegations made against Qatar were false and baseless, the statement said.

The Ministry of Foreign Affairs’ statement underlined that the UAE’s decision to withdraw its complaint so soon after initiating this dispute confirms that Qatar has, and continues to, uphold and comply with its obligations under the WTO, adding “Evidently, the UAE had no arguments or evidence to show otherwise, as such, the UAE has formally withdrawn their complaint prior to the initiation of any adjudication by a WTO Panel”.

The statement further said that the State of Qatar has previously asserted that the inability of UAE goods to enter the Qatari market is due solely to the trade restrictive measures imposed by the UAE, which has in turn – led to the suffering of the UAE companies. The continued export of gas to the UAE is a clear example of how Qatar upholds and respects its international obligations, the Ministry has stressed.

The statement asserted that the State of Qatar continues to pursue its own complaint against the UAE’s unlawful measures imposed on 5 June 2017, stressing that UAE must withdraw its illegal trade-restrictive measures.

It also pointed that a WTO panel is currently reviewing the claims brought by Qatar and will issue a binding report in due course.

The Ministry of Foreign Affairs stressed in its statement that the State of Qatar will spare no efforts in pursuing its legal rights, in all international fora, to ensure the withdrawal of the UAE’s unlawful measures against the State of Qatar, reiterating the State of Qatar’s commitment to comply fully with its WTO obligations and will continue to foster a stable and predictable trading environment for its economic partners around the world.

Shavkat Mirziyoyev signs decree reforming oil & gas sector

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On July 9, President Shavkat Mirziyoyev signed a decree “On measures for stable provision of the economy and households with energy resources, financial rehabilitation and improvement of the management system of the oil and gas industry.”

The document underscored the inefficiency of exploration, investment projects and pricing, as well as an outdated and non-transparent management system in the oil and gas sector, due to which the economy and the households are not being fully provided with energy resources.

The decree has approved the Uzbekistan’s Oil and Gas Sector Development Concept until 2030, prpeared jointly with foreign consulting companies and financial institutions, and the Republican Working Committee on the implementation of the concept headed by Prime Minister Abdulla Aripov.

A project office is to be created within the Ministry of Energy which will be in charge of coordinating the reforms in the oil and gas sector.

The decree approved proposals to improve the management system and organizational structure of Uzbekneftegaz, prepared with the technical assistance of the Asian Development Bank.

Uzburguneftegaz, Uzneftegazqazibchiqarsih, Uzneftmahsulot and Uzneftegazmash will be merged into Uzbekneftegaz, thus reducing redundant intermediaries in the holding’s management system. The oil and gas producing, as well as gas processing entities shall also be transformed into structural units (authority, plant) of Uzbekneftegaz.

Uztransgaz is being withdrawn from Uzbekneftegaz. Hududgastaminot JSC is to be established on the basis of Uztransgaz’s territorial gas supply branches to operate gas distribution networks and supply natural and liquefied gas to households and social facilities. Uztransgaz shall become the only operator for the purchase of natural gas from mining companies for further transportation, including export and import, as well as for sale to consumers connected to main gas pipelines, while Hududgastaminot – for consumers connected to gas distribution networks.

It is planned to transfer step-by-step the gas supply facilities to private operators for operating gas distribution networks, as well as the sale of natural gas to consumers under public-private partnership terms.

Until 2022, all categories of natural gas consumers should be covered by an automated meter reading system.

Non-core assets of Uzbekneftegaz and its member enterprises will be sold out. Their stakes in markets, trade and livestock complexes will be transferred to local authorities.

1381 gas stations owned by Uzneftemahsulot are to be sold through auctions. Until October 1, the government should submit proposals on hiring to executive positions at Uzbekneftegaz, Uztransgaz and Hududgaztaminot of managers with work experience in big foreign companies or international companies.

The decree provides for the attraction, before 2025, of investors to Uzbekneftegaz and Uztransgaz through the initial and secondary public offering on domestic and international stock markets, while maintaining the state’s share in authorized capital of at least 51%.

The implementation of the concept is expected to increase gas production up to 41.1 BCM in 2021 and to 42.3 billion in 2024, as well as attract investments for geological exploration and production of at least US$ 1.2 billion by 2020 and 1.8 billion – by 2024. The production of petroleum products is planned to increase by 2.1 times – up to 3.2 million tons per year by 2024, liquefied gas – up to 1.5 million tons.

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