Browsing: Global

EU Must Review EU ETS to Support Competitiveness as Aviation Decarbonizes 24 March 2026 (Geneva) – The International Air Transport Association (IATA) calls for the review of the European Union’s Emissions Trading System (EU ETS) to enhance European air connectivity and economic resilience by improving the competitiveness of Europe’s air transport industry. IATA calls for the review to: Ensure full implementation of CORSIA for all international flights, including flights within the European Economic Area (EEA) routes. To prevent market fragmentations, the EU should avoid regional derogations, additional eligibility hurd

17 March 2026 (Geneva) — The International Air Transport Association (IATA) released its Long‑Term Demand Projections (LTDP) for air travel, showing that global air passenger demand is expected to more than double by 2050. Under the mid‑range scenario, demand is forecast to reach 20.8 trillion revenue passenger kilometers (RPKs), based on a compound annual growth rate (CAGR) of 3.1% (2024-2050) from the 9 trillion RPKs seen in 2024. A higher growth scenario would see a 3.3% CAGR with passenger demand reaching 21.9 trillion RPKs in 2050. A lower growth scenario would see 2.9% CAGR with passenger demand reaching 19.5 trilli

11 March 2026 (Lima, Peru) – The International Air Transport Association (IATA) today released a report, showing air cargo’s vital role in sustaining global trade and supporting economic growth in 2025 amid severe trade policy uncertainty. Two key report findings are that: Air cargo enabled the frontloading of $157 billion US imports in the first quarter of 2025. Air cargo transported more than two thirds of global AI-related goods in 2025. These activities supported global trade growth of 2.4% in 2025—well above initial forecasts by the World Trade Organization. Global GDP also expanded by 3.2% despite significant po

12 March 2026 (Lima) – The International Air Transport Association (IATA) is advancing the use of artificial intelligence (AI) in air cargo with three initiatives to improve operational efficiency, strengthen safety and compliance, and accelerate innovation across the global air cargo value chain: Making publications more efficient: IATA is launching an AI Subject Matter Expert (AI SME), a mobile and web-based application that helps operational teams quickly find information in IATA cargo and safety publications by asking questions in plain language. The tool provides accurate answers within seconds. This supports faster operational dec

11 March 2026 (Lima) – The International Air Transport Association (IATA) highlighted three priorities for the global air cargo industry: Accelerating digitalization Strengthening global standards Enhancing safety and security “Air cargo plays a critical role in connecting businesses to global markets and keeping supply chains moving, even as the operating environment becomes more complex. With so many external events impacting global supply chains—including the tariff and geopolitical shocks—it is important that we work on building resilience in areas we can control or influence. Working together to strengthen

0 March 2026 (Geneva) – The International Air Transport Association (IATA) released its 2025 Annual Safety Report demonstrating a solid year of safety performance with the following highlights: The all-accident rate of 1.32 per million flights (one accident per 759,646 flights) was better than the 1.42 recorded in 2024 but slightly above the 2021-2025 five-year average of 1.27. There were 51 accidents in 2025 among 38.7 million flights. That is fewer than the 54 accidents among 37.9 million flights in 2024, but above the 2021-2025 five-year average of 44 accidents. There were eight fatal accidents in 2025. That is more than the seve

KUWAIT, 22 FEBRUARY 2026: Waldorf Astoria Kuwait and its spa have reinforced their standing among the world’s foremost luxury hospitality destinations by retaining the prestigious Five Star rating in the 2026 Forbes Travel Guide Star Awards for the third consecutive year, reflecting consistent operational excellence and an unwavering commitment to the highest international standards of luxury service. This renewed global acknowledgment reflects the maturity of the hotel’s operating model, built on refined personalized service, meticulous attention to detail, and continuous investment in elevating guest experiences in line with

17 February 2026- The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), with the United Nations Development Programme (UNDP), organized KnowTalks 2026 sessions at the United Nations House in Kuwait on February 16, 2026. This reflects KnowTalks’ expansion at regional and global levels and its commitment to year-round events in the UAE and beyond. Building on the Knowledge Summit’s vision, KnowTalks provides a global platform for intellectual discussion and future development. The initiative aims to maintain knowledge dialogue and transform data into practical tools with tangible societal impact. His Excellency Jamal

In-depth perspectives on global and regional developments shaping capital markets and investment decision-making Kuwait, 27 January 2026: Burgan Bank and Kamco Invest confirmed their readiness to host the third edition of their annual Investment Conference, scheduled to take place on Monday 2 February 2026 at The St. Regis Kuwait under the theme “Insights & Strategies Shaping Opportunities”. Building on the previous editions’ success, which firmly established the event as a leading investment forum in Kuwait and the region, the conference is set to convene thought leaders, global asset managers, and regional industry

VFS Global, the global leader in trusted technology services, empowering secure mobility for governments and citizens, in association with the Embassies of Czech Republic and the Federal Republic of Germany in Kuwait, has opened a state-of-the-art Visa Application Centre, to provide an enhanced visa application experience to residents in the State of Kuwait. The new premises feature an increased number of biometric enrolment counters to ensure a faster application process, alongside a refreshed look and feel that provides a comfortable, safe, secure, and privacy-enabled environment for all visitors. The renewed Visa Application Centre was