Over-50s who test positive for Covid-19 should be enrolled in live trials for pioneering antiviral drugs to increase their chance of overcoming the illness, a report by the Tony Blair Institute says.
The paper, Staying Ahead of the Covid Curve, outlines steps that should be taken by the UK government to help prevent further deterioration in public health amid the pandemic.
It singles out a new promising antiviral drug by Pfizer, known as paxlovid, which preliminary data has shown reduces mortality and has already been approved by the European Medicines Agency.
The document says that if a person over 50 tests positive, they should be automatically invited to enrol in a live trial of the Pfizer drug and this should be a "button click away" online.
The UK has ordered 250,000 courses of the new Pfizer tablet and about 500,000 of another antiviral drug by Merck.
Using these drugs could help to prevent thousands of hospital admissions, particularly among the most vulnerable groups, the report says.
In the report, the former UK prime minister also recommends a vaccine infrastructure that could be put in place within 48 hours, in anticipation that a fourth round of Covid shots is needed in the near future.
The report also asks the British government to establish a task force that would try to convince the unvaccinated to come forward for the shot.
“The lesson of Omicron emphasises yet again that Covid-19 surprises us, usually on the downside," Mr Blair said.
“This report is about how we stay ahead of the curve, rather than constantly playing catch-up.
“To achieve this, we need to take decisions fast, take them in a co-ordinated manner, and execute effectively and at speed. Be prepared at all times.
“So here we set out how we make this happen, so that we don’t have unnecessary restrictions on our lives, but can cope with new variants and the possibility of a fourth or more vaccine dose, so business can plan ahead, so that we minimise uncertainty and maximise the predictability of daily life.
“We understand how difficult this is for government. Right now, all the options are tough.
"But with the right forward thinking and preparation we can make the options easier to administer and for the public to understand and accept.”
The report stresses the need for a strong “infrastructure” for future vaccine distribution. It said the booster programme has been slower than the original two shots because of a smaller national effort.
It calls for a “command and control” structure that could be introduced in future, providing a “coherent public-health emergency operations centre” when required, and a “well-established system of Covid passes”.
It also calls for a government campaign to convince unvaccinated people to have their shots, particularly the over-50s who are at more risk of hospital admission from Covid-19.
The report recommends the vaccine becomes available to children aged 5 to 11 to lessen the effect of Covid-19 on their education, and says saliva-based PCR testing could be used in future, as it is less invasive than current test kits.
Mr Blair’s non-profit also recommends greater international co-operation on sharing vaccines with poorer nations in the global south.
More on animal trafficking
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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.”
FIRST TEST SCORES
England 458
South Africa 361 & 119 (36.4 overs)
England won by 211 runs and lead series 1-0
Player of the match: Moeen Ali (England)
Company%20profile
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UAE currency: the story behind the money in your pockets
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
MATCH INFO
Everton 2 Southampton 1
Everton: Walcott (15'), Richarlison (31' )
Southampton: Ings (54')
Man of the match: Theo Walcott (Everton)
FIXTURES
Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)
Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)
Friday, February 1
Final, Zayed Sports City Stadium (6pm)
Getting%20there%20
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BIG SPENDERS
Premier League clubs spent £230 million (Dh1.15 billion) on January transfers, the second-highest total for the mid-season window, the Sports Business Group at Deloitte said in a report.
Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
Penguin
Profile of Bitex UAE
Date of launch: November 2018
Founder: Monark Modi
Based: Business Bay, Dubai
Sector: Financial services
Size: Eight employees
Investors: Self-funded to date with $1m of personal savings