Dubai Airshow to Take Place under Capacity Restrictions, Organizer Says

The Dubai Airshow will be held under capacity restrictions in November due to the coronavirus pandemic, its organizer said. (Reuters file photo)
The Dubai Airshow will be held under capacity restrictions in November due to the coronavirus pandemic, its organizer said. (Reuters file photo)
TT

Dubai Airshow to Take Place under Capacity Restrictions, Organizer Says

The Dubai Airshow will be held under capacity restrictions in November due to the coronavirus pandemic, its organizer said. (Reuters file photo)
The Dubai Airshow will be held under capacity restrictions in November due to the coronavirus pandemic, its organizer said. (Reuters file photo)

The Dubai Airshow, this year’s biggest aerospace trade show and a spectacle for business deals worth billions of dollars, will be held under capacity restrictions in November due to the coronavirus pandemic, its organizer said.

Even though few deals are expected as the industry seeks to preserve cash, the show is seen as a psychological boost for airlines and planemakers to reset an industry battered by the health crisis.

The Dubai Airshow, scheduled for Nov. 14-18, will be the largest aerospace trade event to be held since the pandemic forced the cancellation of European shows Farnborough and Le Bourget in 2020 and 2021, respectively.

It is a magnet for tens of thousands of visitors including planemakers, their suppliers, airlines, arms firms and military officials from around the world. Over the years it became a key industry summit as state carriers like host Emirates reshaped international travel through their Gulf hubs.

Timothy Hawes, managing director of organizer Tarsus F&E, said the number of exhibitors who had signed up for this year’s show was so far the same as when it was last held in 2019.

“We are confident as we stand at the moment that the interest is there,” Hawes told Reuters in an online interview.

The five-day show in 2019 welcomed over 84,000 visitors and 1,200 exhibitors, according to the organizer.

Exhibition stands are to be spread further apart from each other this year than in previous shows to maintain distancing between attendees, Hawes said.

Stands and the show as a whole will also have limits on how many visitors can be in attendance at any single moment, he said. However, those limits fall within previous attendance levels.

Wearing of masks is expected to be compulsory.

“We are very much ready to showcase and bring people together again. It’s been a long time of people (not) meeting face-to-face,” Hawes said.

A decision had yet to be made on whether attendance would be limited to those vaccinated against the novel coronavirus or those who had recently tested negative for CVOID-19, he said.

“We expect that as it stands there is an opportunity to run a show without it looking too different to previous years.”

The show will also feature Israeli companies after the UAE and Israel last year established ties which has since led to a number of business deals including in the aerospace sector.

The UAE, with a population of about 9 million people, has one of the world’s highest rates of COVID-19 vaccinations. It is currently reporting around 2,000 new infections each day, down from a peak of almost 4,000 in February.



Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
TT

Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

OPEC+ members Iraq, Saudi Arabia and Russia agreed in a meeting in Iraq on Tuesday on the importance of maintaining stable oil markets and fair prices, Iraq's Prime Minister Office said on Tuesday.

The talks come ahead of Sunday's meeting of OPEC+, which comprises the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, where OPEC+ sources say it will weigh a possible further delay to plans to raise oil output.

Iraqi Prime Minister Mohammed Shia al-Sudani, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, and Russian Deputy Prime Minister Alexander Novak attended the meeting.

They discussed "the conditions of global energy markets and matters related to the production of crude oil, its flow to markets, and meeting demand," the prime minister's office said, Reuters reported.

"The importance of maintaining stability, balance, and fair prices was emphasised, while stressing the vital role played by the OPEC+ group in this regard," the office added.

Russian energy minister Sergei Tsivilev and deputy energy minister Pavel Sorokin were also present, according to a photo posted on the X account of the Iraqi prime minister's media office.

OPEC+, which pumps around half the world's oil, has already delayed a plan to gradually lift production by several months this year because of falling prices, weak demand and rising production outside the group.

Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in a $70-$80 per barrel range this year and on Tuesday were trading below $74 a barrel, not far above a 2024 low reached in September.

Azerbaijan's Energy Minister Parviz Shahbazov told Reuters on Monday OPEC+ may at Sunday's meeting consider leaving its current oil output cuts in place from Jan. 1. The meeting will be held online, OPEC+ sources said.