While Covid-19 vaccines have been credited with saving tens of thousands of lives, there have also been health scares linked to them.
The latest involves the Johnson and Johnson vaccine and a rare neurological condition, Guillain-Barré syndrome (GBS).
This week the US Food and Drug Administration added a warning about GBS to its guidelines for healthcare providers administering the vaccine, which is also known by its Janssen brand name.
Here we look at the condition and consider its apparent association with the vaccine.
What is Guillain-Barré syndrome?
Guillain-Barré syndrome, which the UK’s National Health Service (NHS) says is pronounced “ghee-yan bar-ray”, is caused by the immune system attacking the body’s nerves. Cases frequently follow a bacterial or viral infection, including influenza.
Early symptoms include numbness, weakness, pain and balance problems, which may worsen over several weeks, with the feet, hands and limbs most affected.
In some cases, sufferers find walking, swallowing and even breathing difficult, according to guidance from the NHS, and as symptoms spread, movement as a whole may prove difficult.
Various treatments are available, including blood filtering — called plasma exchange — or the administration of an intravenous substance produced from donated blood.
Hospital stays of weeks or months are typical and there is a risk of death, and some people are left with long-term complications. However, patients usually recover fully.
Children can develop the condition, although it is more common in adults, especially men, and in a typical year there are about 3,000 to 6,000 cases in the US.
Is there a link with vaccination?
According to the US Centres for Disease Control and Prevention there have been about 100 cases of GBS in the country among 12.8 million who have received the Johnson and Johnson vaccine. Of these, 95 were serious, with one fatal.
Symptoms typically developed a two weeks after vaccination and men aged over 50 were most affected.
Last month there were reports of a handful of cases of GBS in the Nottingham area of central England in people who had received the Oxford-AstraZeneca shot. Also some recipients in India and Australia have developed the condition.
The Johnson and Johnson and Oxford-AstraZeneca vaccines are based on similar technology, being viral vector vaccines made from a harmless adenovirus that delivers coronavirus genetic material into cells.
Is vaccination still safe?
While the Johnson and Johnson vaccine appears to increase the chance of developing GBS, the US data indicates that fewer than one recipient in 100,000 falls ill.
As with the Oxford-AstraZeneca vaccine, regulators have not recommended against continued use because of GBS.
“That’s a significant risk and it’s a very serious condition, but at the same time for the average person no doubt vaccination is beneficial,” said Prof David Taylor, professor emeritus of pharmaceutical and public health policy at University College London.
Balanced against the risks of vaccination are the much higher risks from developing Covid-19, which may itself be a risk factor for GBS, although findings are contradictory.
A study from last year looking at cases in England during the first wave of the pandemic found that there were actually fewer reports of the condition in 2020 compared with previous years.
However, Dubai Medical Journal earlier this year reported GBS in a 72-year-old man in Kuwait with Covid-19.
“Neurologists should be aware of GBS as a potentially serious complication associated with Covid-19,” the researchers concluded.
Are there other risks associated with Covid-19 vaccination?
The Johnson and Johnson and Oxford-AstraZeneca vaccines have been linked to a syndrome called immune thrombotic thrombocytopenia, which causes potentially fatal blood clots.
Although these are extremely rare, the risk has caused some countries to impose age restrictions on these vaccines, with younger people often offered an alternative.
Two other vaccines, the Moderna and Pfizer jabs, based on mRNA technology, have been linked to a rare type of heart inflammation called myocarditis, with teenaged boys and young men most at risk.
A report from Harvard Health Publishing earlier this month said there had been about 1,000 cases from millions of vaccine doses.
“The majority of cases have been mild. Experts are still gathering information, but as of this writing, 79 per cent of teenagers and young adults who experienced this had recovered,” wrote Dr Claire McCarthy, a paediatrician at Boston Children’s Hospital and an assistant professor of paediatrics at Harvard Medical School.
She said there was a risk of myocarditis, and other complications, from Covid-19, and the recommendation was for vaccination to continue.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.