INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

IATA shifts Annual General Meeting from Covid-hit China to Qatar

A member of the medical staff prepares to administer a Covid-19 test to a hotel guest in their room at a hotel in the Yanqing district of Beijing. AFP file
  • China is experiencing its worst coronavirus outbreak since the start of the pandemic more than two years ago, with Shanghai posting record-high case counts.
  • The IATA comprises some 280 airlines and air companies, accounting for 83 percent of global air travel.

The International Air Transport Association (IATA) on Friday said its annual general meeting in June would be held in Qatar instead of Covid-hit China.

China is experiencing its worst coronavirus outbreak since the start of the pandemic more than two years ago, with Shanghai posting record-high case counts.

“It is deeply disappointing that we are not able to meet in Shanghai as planned” between June 19 and 21, IATA director general Willie Walsh said.

“The decision to change the venue reflects continuing Covid-19-related restrictions on travel to China,” the body said in a statement.

“We are pleased to be returning to the dynamic aviation hub of Doha,” Walsh said.

“This year’s AGM will be an important opportunity for aviation’s leaders to reflect on the shifting political, economic and technological realities facing air travel as the industry’s recovery from the Covid-19 pandemic gathers pace,” he added.

The IATA comprises some 280 airlines and air companies, accounting for 83 percent of global air travel.

At its last annual meeting in Boston in 2021, it adopted a target for members to become carbon neutral by 2050.