Covid boosters offer 75% protection against Omicron, amid UK case surge


Neil Murphy
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Coronavirus vaccine booster shots could offer up to 75 per cent protection against mild disease from the new Omicron variant, a new study has found.

The data, released by the UK Health Security Agency on Friday, offers the first data on the protection against Omicron outside of lab studies.

In an analysis of 581 people with confirmed Omicron, two doses of AstraZeneca and Pfizer-BioNTech vaccines provided “much lower” levels of protection against symptomatic infection with this new variant, than against the earlier Delta variant.

However, when boosted with a dose of Pfizer vaccine, there was around 70 per cent protection against symptomatic Omicron infection for people who initially received AstraZeneca, and around 75 per cent protection for those who had received Pfizer.

Dr Mary Ramsay, head of immunisation at the UKHSA, said: “These early estimates should be treated with caution but they indicate that a few months after the second jab there is a greater risk of catching the Omicron variant compared to Delta strain.

“The data suggest this risk is significantly reduced following a booster vaccine, so I urge everyone to take up their booster when eligible.”

On Friday, a further 58,194 Covid-19 cases were announced by the UK's Department of Health, the highest reported daily figure in almost a year.

The last time a higher daily figure was reported was on January 9, when 59,937 cases were recorded.

Officials said a further 120 people had died within 28 days of testing positive for Covid-19.

Covid in the UK – in pictures

  • British Prime Minister Boris Johnson gives a press conference at 10 Downing Street. He announced that the government will implement its “Plan B” due to the rapid transmission of the Omicron variant. Getty Images
    British Prime Minister Boris Johnson gives a press conference at 10 Downing Street. He announced that the government will implement its “Plan B” due to the rapid transmission of the Omicron variant. Getty Images
  • Empty seats on an early morning commuter train on the District Line, in west London, the morning after Mr Johnson announced that work-from-home guidance will return on Monday. PA
    Empty seats on an early morning commuter train on the District Line, in west London, the morning after Mr Johnson announced that work-from-home guidance will return on Monday. PA
  • Boris Johnson during the Prime Minister's Questions at the House of Commons. Johnson faced questions amid allegations that Downing Street staff held a Christmas party during the Covid-19 lockdown 2020. EPA
    Boris Johnson during the Prime Minister's Questions at the House of Commons. Johnson faced questions amid allegations that Downing Street staff held a Christmas party during the Covid-19 lockdown 2020. EPA
  • A patient receives the Pfizer vaccine at Swaminarayan School vaccination centre, in London. Britain says it will offer all adults a booster dose of vaccine within two months. AP Photo
    A patient receives the Pfizer vaccine at Swaminarayan School vaccination centre, in London. Britain says it will offer all adults a booster dose of vaccine within two months. AP Photo
  • People queue up for Covid-19 booster jabs outside a vaccination centre in London. EPA
    People queue up for Covid-19 booster jabs outside a vaccination centre in London. EPA
  • Staff with a new food delivery outside the Peckham Pantry in London. Food banks are braced for a big rise in demand in the run up to Christmas. EPA
    Staff with a new food delivery outside the Peckham Pantry in London. Food banks are braced for a big rise in demand in the run up to Christmas. EPA
  • People wearing face masks pass electronic signs telling people they must wear masks on public transport, at Bond Street underground station in London. AP
    People wearing face masks pass electronic signs telling people they must wear masks on public transport, at Bond Street underground station in London. AP
  • Allegra Stratton speaks outside her home in north London. Ms Stratton, a senior aide to Mr Johnson, resigned hours after an investigation began into allegations of a Covid-breaking Christmas party at Downing Street last year. AP
    Allegra Stratton speaks outside her home in north London. Ms Stratton, a senior aide to Mr Johnson, resigned hours after an investigation began into allegations of a Covid-breaking Christmas party at Downing Street last year. AP
  • Masked travellers get off a bus in London. According to his official spokesperson in Downing Street, Mr Johnson has told his cabinet that the Omicron variant of coronavirus appears to be more transmissible. EPA
    Masked travellers get off a bus in London. According to his official spokesperson in Downing Street, Mr Johnson has told his cabinet that the Omicron variant of coronavirus appears to be more transmissible. EPA
  • Margaret Keenan and Nurse May Parsons at University Hospital Coventry & Warwickshire, a year after Ms Keenan was the first person in the UK to receive the Pfizer-BioNTech vaccine. PA
    Margaret Keenan and Nurse May Parsons at University Hospital Coventry & Warwickshire, a year after Ms Keenan was the first person in the UK to receive the Pfizer-BioNTech vaccine. PA
  • Shoppers, some wearing face-masks, walk along Oxford Street in central London, as compulsory mask wearing in shops is reintroduced in England. AFP
    Shoppers, some wearing face-masks, walk along Oxford Street in central London, as compulsory mask wearing in shops is reintroduced in England. AFP

Michael Gove, Secretary of State for Housing, Communities and Local Government, on Friday held a meeting of Cobra – the UK's civil contingencies committee that handles matters of national emergency or major disruption – with the first ministers of the UK's devolved nations.

They discussed Covid-19 data and co-ordination on the response.

Following the meeting, Mr Gove said the UK faces a “deeply concerning situation”, given the fast growth the Omicron variant.

“We know the Omicron variant is doubling every two to three days in England, and possibly even faster in Scotland,” Mr Gove said.

“We know that 30 per cent of reported cases in London are the Omicron variant and of course we only identified Omicron in this country a fortnight ago.”

Mr Gove is himself isolating after coming into contact with Australia's Deputy prime minister Barnaby Joyce, who has tested positive for coronavirus, when Mr Joyce was in the UK earlier this week.

Earlier this week, Prime Minister Boris Johnson introduced tough new “Plan B” measures in England to stop the spread of Omicron. The guidance requires people to wear masks in many indoor settings and work from home where possible.

The number of passengers traveling on the London Underground dropped ahead of new work from home guidance. PA.
The number of passengers traveling on the London Underground dropped ahead of new work from home guidance. PA.

New data revealed the effect of the work from home guidance had on London's public transport network this week.

Transport for London, the local government body responsible for most of the transport network in London, said demand for Tube and bus services up to 10am each day this week has been lower than the same period a week earlier, apart from for buses on Monday.

Morning Tube use was down 5 per cent on Thursday and 3 per cent on Friday, while bus use decreased 2 per cent on Thursday and 1 per cent on Friday.

A TfL spokesman said: “The government’s decision to require people to work from home from Monday will naturally result in a drop in TfL’s ridership.

“We continue to assess what impact this announcement will have on overall ridership levels, and crucially our operating income which relies heavily on fares revenue.”

Demand for Tube and bus travel up to 10am is at around 52 per cent and 73 per cent of pre-pandemic levels, respectively.

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
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Results

6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m 

Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer) 

6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m 

Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor 

7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m 

Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer 

7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m 

Winner: Desert Fire, Hector Crouch, Saeed bin Suroor 

8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

Winner: Naval Crown, William Buick, Charlie Appleby 

8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

Winner: Al Tariq, Pat Dobbs, Doug Watsons 

9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m 

Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor  

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%3Cp%3E%3Cstrong%3EDirectors%3A%20%3C%2Fstrong%3EVarious%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nicola%20Coughlan%2C%20Luke%20Newton%2C%20Jonathan%20Bailey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A

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.”

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
THE BIO

Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old

Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai

Favourite Book: The Alchemist

Favourite quote: Failing to prepare is preparing to fail

Favourite place to Travel to: Vienna

Favourite cuisine: Italian food

Favourite Movie : Scent of a Woman

 

 

Stage result

1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34

2. Sam Bennett (Irl) Bora-Hansgrohe

3. Elia Viviani (Ita) Ineos Grenadiers

4. Dylan Groenewegen (Ned) BikeExchange-Jayco

5. Emils Liepins (Lat) Trek-Segafredo

6. Arnaud Demare (Fra) Groupama-FDJ

7. Max Kanter (Ger) Movistar Team

8. Olav Kooij (Ned) Jumbo-Visma

9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux

10. Pascal Ackermann (Ger) UAE Team Emirate

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

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Tightening the screw on rogue recruiters

The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.

 Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.

A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.

The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.

The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.

Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.

Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment

But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.

Avengers: Endgame

Directors: Anthony Russo, Joe Russo

Starring: Robert Downey Jr, Chris Evans, Scarlett Johansson, Chris Hemsworth, Josh Brolin

4/5 stars 

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

AIR
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Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

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

UAE currency: the story behind the money in your pockets
Updated: December 10, 2021, 6:59 PM