A woman receives a dose of a coronavirus vaccine in Rome. Reuters
A woman receives a dose of a coronavirus vaccine in Rome. Reuters
A woman receives a dose of a coronavirus vaccine in Rome. Reuters
A woman receives a dose of a coronavirus vaccine in Rome. Reuters

Italy imposes compulsory vaccination for over-50s to curb record Covid cases


Soraya Ebrahimi
  • English
  • Arabic

Italy has made vaccination compulsory for people aged over 50 and further reduced what the unvaccinated can do in its bid to fight a surge in Covid-19 cases.

The decision came on the day that the country's daily coronavirus cases rose to a record number of 189,109.

Hospital and intensive-care admissions are also creeping up, even though they remain well below the peaks of 2020.

“We want to slow down the growth of the contagion curve and push Italians who still aren’t vaccinated to do so,” Prime Minister Mario Draghi said at a cabinet meeting.

“We are acting in particular on age groups that are most at risk of hospitalisation, to reduce pressure on hospitals and save lives.”

About 78 per cent of Italy’s population is fully vaccinated against the virus and 36 per cent have received a booster shot.

It is unclear whether the over-50s will be penalised if they do not get vaccinated. But health minister Roberto Speranza said they will be checked - from February 15 - to see if they have a “super green pass” before they can enter their workplaces. That certification is reserved to those who are fully vaccinated or who have recently recovered from Covid-19.

It has also been decided that anyone working in universities must be vaccinated, regardless of age. Currently, vaccination is required for school teachers, healthcare workers, members of the military and police forces, regardless of age.

The Omicron variant is sending infections soaring all over Europe, with countries reintroducing or hardening restrictions to stem the flow of the virus.

UK Prime Minister Boris Johnson said vaccines will not be made mandatory, even as anti-vaxxers spread disinformation about the shot.

"I want a voluntary approach in this country, and we're going to keep a voluntary approach ... Other European countries are going for coercion," he said.

"But what a tragedy that we've got all this pressure on the NHS (National Health Service) ... and you've got people out there spouting complete nonsense about a vaccination ... And I think it's time that I, (and the) government, call them out on what they're doing. It is absolutely wrong. It's totally counterproductive."

France hit another record on Wednesday, with 332,252 new cases, and the government warned that the current “supersonic” infection wave will last for days.

As tension simmers before Italian politicians pick a successor to President Sergio Mattarella, a process that may include compulsory testing in parliament, the government is divided on how to battle the pandemic.

The anti-migrant League party of Matteo Salvini, part of the Five-Star Movement, has opposed a push to make vaccination compulsory for all workers.

  • A man wearing a face mask stands next to the Eiffel Tower illuminated in the colors of the EU flag in central Paris, France. EPA
    A man wearing a face mask stands next to the Eiffel Tower illuminated in the colors of the EU flag in central Paris, France. EPA
  • Paramedics, nurses and doctors use a trolley to transfer a coronavirus patient from an ambulance into a medical aircraft in Bastia on the French Mediterranean island of Corsica. AFP
    Paramedics, nurses and doctors use a trolley to transfer a coronavirus patient from an ambulance into a medical aircraft in Bastia on the French Mediterranean island of Corsica. AFP
  • Nurse Marie-Laure Satta during a pause in her New Year's Eve shift in the Covid-19 intensive care unit at Marseille University Hospital Timone, southern France. AP
    Nurse Marie-Laure Satta during a pause in her New Year's Eve shift in the Covid-19 intensive care unit at Marseille University Hospital Timone, southern France. AP
  • A health worker explains to a young child how she will get a nasal swab at a mobile Covid-19 testing site in Albigny-sur-Saone, outside Lyon, central France. AP
    A health worker explains to a young child how she will get a nasal swab at a mobile Covid-19 testing site in Albigny-sur-Saone, outside Lyon, central France. AP
  • A doctor administers a vaccination inside the Klunkerkranich restaurant and night club during a vaccination campaign in Berlin, Germany. AP
    A doctor administers a vaccination inside the Klunkerkranich restaurant and night club during a vaccination campaign in Berlin, Germany. AP
  • A rubber figure in the shape of a virus hangs on the door of the PCR laboratory in the Lower Saxony State Health Office in Hanover, Germany. AP
    A rubber figure in the shape of a virus hangs on the door of the PCR laboratory in the Lower Saxony State Health Office in Hanover, Germany. AP
  • A German shepherd campaigns for Covid-19 vaccinations by forming a giant syringe using 700 sheep and goats in Schneverdingen, south of Hamburg, Germany. Reuters
    A German shepherd campaigns for Covid-19 vaccinations by forming a giant syringe using 700 sheep and goats in Schneverdingen, south of Hamburg, Germany. Reuters
  • People walk through the centre of Rome, Italy, while wearing face masks. EPA
    People walk through the centre of Rome, Italy, while wearing face masks. EPA
  • Children react as men wearing masks dressed as the Three Wise Men arrive to greet them while they wait to receive toys given out to low-income families by the NGO Madrina Foundation before Epiphany in Madrid, Spain. Reuters
    Children react as men wearing masks dressed as the Three Wise Men arrive to greet them while they wait to receive toys given out to low-income families by the NGO Madrina Foundation before Epiphany in Madrid, Spain. Reuters
  • Dutch riot police clash with a demonstrator as thousands of people defy a ban to gather and protest the Dutch government's coronavirus lockdown measures in Amsterdam, Netherlands. AP
    Dutch riot police clash with a demonstrator as thousands of people defy a ban to gather and protest the Dutch government's coronavirus lockdown measures in Amsterdam, Netherlands. AP
  • Masked shoppers in the main shopping street of Brussels, Belgium. EPA
    Masked shoppers in the main shopping street of Brussels, Belgium. EPA

The government decided late last month to lift its quarantine requirement completely for people who come into contact with a Covid-19 case, as long as they have had three vaccine doses.

It also decided to cut the isolation time to five days from seven for vaccinated people whose most recent dose was more than 120 days before exposure.

The unvaccinated are still required to isolate for 10 days.

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.6-litre%2C%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Eeight-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E285hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E353Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh159%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

AIDA%20RETURNS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EAida%20Abboud%2C%20Carol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5.%2F5%3C%2Fp%3E%0A
VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%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.”

Opening day UAE Premiership fixtures, Friday, September 22:

  • Dubai Sports City Eagles v Dubai Exiles
  • Dubai Hurricanes v Abu Dhabi Saracens
  • Jebel Ali Dragons v Abu Dhabi Harlequins
AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

The five pillars of Islam
SQUADS

Bangladesh (from): Shadman Islam, Mominul Haque, Soumya Sarkar, Shakib Al Hasan (capt), Mahmudullah Riyad, Mohammad Mithun, Mushfiqur Rahim, Liton Das, Taijul Islam, Mosaddek Hossain, Nayeem Hasan, Mehedi Hasan, Taskin Ahmed, Ebadat Hossain, Abu Jayed

Afghanistan (from): Rashid Khan (capt), Ihsanullah Janat, Javid Ahmadi, Ibrahim Zadran, Rahmat Shah, Hashmatullah Shahidi, Asghar Afghan, Ikram Alikhil, Mohammad Nabi, Qais Ahmad, Sayed Ahmad Shirzad, Yamin Ahmadzai, Zahir Khan Pakteen, Afsar Zazai, Shapoor Zadran

EA Sports FC 24
The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Borussia Dortmund v Paderborn (11.30pm)

Saturday 

Bayer Leverkusen v SC Freiburg (6.30pm)

Werder Bremen v Schalke (6.30pm)

Union Berlin v Borussia Monchengladbach (6.30pm)

Eintracht Frankfurt v Wolfsburg (6.30pm)

Fortuna Dusseldof v  Bayern Munich (6.30pm)

RB Leipzig v Cologne (9.30pm)

Sunday

Augsburg v Hertha Berlin (6.30pm)

Hoffenheim v Mainz (9pm)

 

 

 

 

 

UAE currency: the story behind the money in your pockets
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

UAE Premiership

Results

Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes

Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EMascotte%20Health%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EMiami%2C%20US%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Bora%20Hamamcioglu%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EOnline%20veterinary%20service%20provider%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%241.2%20million%20raised%20in%20seed%20funding%3C%2Fp%3E%0A
The specs: 2018 Jeep Compass

Price, base: Dh100,000 (estimate)

Engine: 2.4L four-cylinder

Transmission: Nine-speed automatic

Power: 184bhp at 6,400rpm

Torque: 237Nm at 3,900rpm

Fuel economy, combined: 9.4L / 100km

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Updated: January 06, 2022, 1:57 PM