A partnership between US drug maker Pfizer and the Bill & Melinda Gates Foundation to speed up the development of vaccines to prevent diseases that cause newborn mortality would also advance efforts to make a high-tech malaria vaccine, Bill Gates said at the World Economic Forum in Davos on Wednesday.
Pfizer and the foundation will also work with Rwanda, Malawi and other African countries to increase access to all of the company’s medicines and vaccines for their populations.
“[We have] a dream for [beating] malaria, and we'll talk to all the great mRNA companies, including Pfizer, about this … we could use that mRNA platform to make a really powerful malaria vaccine,” Mr Gates said.
The number of deaths from malaria is rising again, partly due to the impact of the Covid-19 pandemic. Climate change also risks spreading malaria-carrying mosquitoes to previously unaffected areas.
Drug and insecticide resistance are also on the increase, according to the Global Fund to Fight AIDS, Tuberculosis and Malaria, an international financing and partnership organisation.
Covid-19 also accelerated the development of mRNA technology by Pfizer and other pharmaceutical makers.
“We have the malaria vaccine that we funded with [British pharmaceutical company] GSK. But the duration of protection is too short and so [it could be] possible now that mRNA has been proven, that we'll be able to solve that problem,” said Mr Gates.
The day-to-day fight against Malaria requires a dynamic response, Mr Gates said.
“We have pretty good drugs and pretty good bed nets, we have to constantly change the drugs because you get drug resistance … we have to change the active ingredients, we have a great pipeline of that,” he said.
“We have some genetic approaches called gene drive, that are still in the laboratory that may cut mosquito populations.”
More funding is key, however, said Mr Gates.
“So, a lot of R&D investment [is needed], a lot of delivery investment, Global Fund is the biggest multilateral in that space,” he said.
“And so hopefully, if they can raise the $18 billion they hope to, we'll take the increase in malaria deaths of the last couple of years and get it back down to a much lower number.”
Mr Gates has worked with UAE President, Sheikh Mohamed, for more than a decade on efforts to combat malaria.
At the announcement of the initiative in Davos on Wednesday, Malawi's President Lazarus Chakwera said it was “not a handout but a real partnership”.
“For Malawi, where access to quality medicines and vaccines is a real challenge, this accord means that our quest for universal health care in Malawi has a real shot,” he said.
In terms of the distribution of medicines and vaccines, Rwanda, Ghana, Malawi, Senegal and Uganda will initially take on responsibilities for logistics, but in the future, other established trade hubs — such as the UAE — could be brought into the alliance to support these efforts, Pfizer chief executive Albert Bouria said.
“I think those five countries will be the first ones to organise the logistics, so that we can have [a] flow of the medicine without any interruption,” Mr Bouria said.
“Logistics will be one of the main issues that needs to be addressed.”
Rwanda's President Paul Kagame said it is crucial to “make sure that we pay attention to availability, to affordability, and access by everyone in our country [to healthcare] without leaving behind any level of income people in our country".
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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