Climate, COVID-19, and diversity on the agenda for aviation leaders at IATA AGM in Doha

This will be the fourth time the International Air Transport Association's AGM is hosted in the Middle East (Shutterstock)
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Updated 17 June 2022
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Climate, COVID-19, and diversity on the agenda for aviation leaders at IATA AGM in Doha

RIYADH: Senior figures from the aviation industry are set to gather for a meeting of the International Air Transport Association in Qatar's Doha for three days starting June 19.

The 78th IATA Annual General Meeting and World Air Transport Summit will also attract leading government officials, strategic partners, equipment suppliers, and media.

Qatar Airways is the host airline of the event.

“This year’s AGM is another momentous occasion: Airlines are simultaneously recovering from the COVID-19 crisis, setting the path to achieving net zero carbon emissions by 2050, working to improve gender diversity, and adapting to a geopolitical environment that is undergoing its greatest shock in over three decades,” Willie Walsh, IATA’s director general said.

“It is an absolute privilege to be hosting our industry partners in Qatar Airways’ home city, particularly during our milestone 25th year of operations,” Qatar Airways Group CEO Akbar Al Baker said.

He added: “Coming together face-to-face provides us with the opportunity to discuss lessons learnt from our recent years during the pandemic, global issues affecting us all in the here and now, and to plan the best way forward for the industry.”

This will be the fourth time that the AGM is hosted in the Middle East, according to the statement.

World Air Transport Summit

The WATS opens immediately following the AGM. 

The event will host the third edition of the Diversity and Inclusion Awards, sponsored by Qatar Airways, to recognize organizations and individuals that are making a difference in helping to drive the industry’s ‘25by2025’ initiative to make the aviation industry more gender balanced.

The WATS will also include a CEO Insights Panel moderated by CNN’s Richard Quest and featuring Abkar Al Baker, Qatar Airways Group CEO, along with Avianca CEO Adrian Neuhauser, KLM CEO Pieter Elbers and Jayne Hrdlicka, CEO of Virgin Australia.

The event will discuss the updated industry economic outlook, the war in Ukraine and its implications for the globalized world and the challenges to achieving sustainability, including net zero carbon emissions by 2050.

Key topics to be discussed also include reducing the use of single use plastics, allocating scarce airport capacity, and ensuring safe carriage of lithium batteries.

A CFO Insights Panel will also take place for the first time this year.

Aviation in the region normally supports some 3.4 million jobs and $213 billion in economic activity, the statement said. 

“According to the most recent figures, the region’s airlines account for 6.5 percent of global international passenger traffic and 13.4 percent of freight movements. Much of this growth has occurred in the Gulf region, as is typified by our host airline,” said Walsh.


Closing Bell: Saudi Arabia’s main index closes in red at 10,364 

Updated 04 January 2026
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Closing Bell: Saudi Arabia’s main index closes in red at 10,364 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Sunday, shedding 185.05 points, or 1.75 percent, to end the session at 10,364.03. 

Total trading turnover on the benchmark index stood at SR2.55 billion ($680 million), with 20 stocks advancing and 237 declining. 

The Kingdom’s parallel market Nomu also retreated, falling 0.63 percent, or 147.19 points, to close at 23,371.82. 

The MSCI Tadawul Index slipped 1.71 percent to 1,369.56. 

Saudi Industrial Export Co. was the top gainer on the main market, with its share price jumping 9.87 percent to SR2.56. 

Shares of Naqi Water Co. rose 2.53 percent to SR58.80, while Shatirah House Restaurant Co. advanced 2.18 percent to SR9.39. 

On the downside, Gulf Union Alahlia Cooperative Insurance Co. posted the steepest decline, with its share price falling 4.61 percent to SR10.14. 

On the announcements front, Scientific & Medical Equipment House Co. said it had been awarded a contract valued at SR260.98 million by the Ministry of Human Resources and Social Development to supply uncooked food materials and catering items to beneficiaries at the ministry’s residential branches across the Kingdom.  

The project scope also includes providing cooked meals to selected anti-begging offices over a 24-month period, according to a Tadawul statement. The company added that the financial impact of the contract will begin in the fourth quarter of this year. 

It said further developments would be disclosed in due course after all relevant parties sign the final contract and a copy is received. 

Shares of Scientific & Medical Equipment House Co. edged up 0.31 percent to SR32.44. 

Separately, Dr. Soliman Abdel Kader Fakeeh Hospital Co. and its subsidiaries signed an agreement with Oloof Development Co., a wholly owned subsidiary of Jazan Municipality, to lease a strategic land plot in Jazan City for SR217.99 million. 

According to a Tadawul statement, the land, which spans 34,581 sq. meters, will be used to develop an integrated healthcare facility under a 50-year lease. 

The company said the financial impact of the agreement is expected to begin once the medical facility is completed and becomes operational. 

Shares of Dr. Soliman Abdel Kader Fakeeh Hospital Co. fell 1.92 percent to SR33.74.