A new pandemic treaty will aim to learn the lessons from the Covid-19 outbreak that began in 2020. AP
A new pandemic treaty will aim to learn the lessons from the Covid-19 outbreak that began in 2020. AP
A new pandemic treaty will aim to learn the lessons from the Covid-19 outbreak that began in 2020. AP
A new pandemic treaty will aim to learn the lessons from the Covid-19 outbreak that began in 2020. AP

Deadline looms for disputed vaccine deal to tackle next global pandemic


Tim Stickings
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A global plan to tackle the next pandemic is entering eleventh-hour talks amid resistance to handing power to the World Health Organisation.

Negotiators have until a Friday deadline to agree on a 194-country pandemic treaty for approval at a WHO summit this month.

The aim is to learn from the Covid-19 crisis and be better prepared for the next outbreak.

But there is concern that health is slipping down the global agenda amid wars and economic strife.

“What’s good for the health of a nation is ultimately good for its economy,” former Australian prime minister Julia Gillard told a meeting of health advocates in London on Thursday.

The 23-page draft treaty includes some widely supported measures such as improving research and public awareness.

However, a crucial section that would give the WHO access to as much as 20 per cent of vaccines has sparked lively debate.

Countries would also commit to a “more equitable” sharing of medicines after vaccine hoarding blighted the response to the Covid-19 pandemic

Britain said this week it will “not agree to anything in this process which impacts our sovereignty”.

It will also not “put at risk” its own powers to swiftly approve vaccines, such as vaccines against Covid-19, Health Minister Nick Markham said.

The attorneys general of 21 US states also wrote to President Joe Biden raising concerns about an expanded WHO role.

They said the planned shake-up would “transform the WHO from an advisory, charitable organisation into the world’s governor of public health”.

WHO chief Tedros Adhanom Ghebreyesus denies the organisation is seeking powers that would encroach on national governments. AP
WHO chief Tedros Adhanom Ghebreyesus denies the organisation is seeking powers that would encroach on national governments. AP

The WHO and its boss Dr Tedros Adhanom Ghebreyesus said they are not seeking to dictate national policies.

They dismiss the suggestion that the WHO could impose lockdowns or compulsory vaccinations as conspiracy theories.

The African Union is pushing for more funding and for drug copyrights to be loosened during pandemics. African countries want assurances that data they provide to the WHO will not be used against them, for example, by imposing travel bans.

Negotiating teams are “working long hours to find common ground, in good faith, for the people of the world”, Dr Tedros said.

WHO officials have expressed concern that the desire to get things done during the years blighted by the pandemic is now receding. However, the upcoming US election is however seen as a reason to “reach a solution now”, with Donald Trump, the Republican candidate, having been highly critical of the WHO.

What is in the pandemic treaty?

The aim of the draft treaty is to “prevent, prepare for and respond to pandemics”.

It endorses a “one health” approach that links human health to that of plants, animals and the planet.

While the origin of Covid-19 remains unclear, one theory is that it spilt over to humans from animals, possibly bats.

Experts say climate change could worsen the spread of disease. Last year’s Cop28 talks in the UAE were the first to have a health-focused day of talks.

The world must now build on that “critical momentum”, Ms Gillard told Thursday’s “One Health” conference in London.

The treaty would recognise climate change as a “growing threat” and have countries tackle the causes of pandemics at the “human-animal-environment interface”.

It would ask governments to draw up prevention plans covering surveillance, hygiene, routine vaccination and the risk of spillover in labs. If outbreaks do occur, the treaty would bring in a new system modelled on rules for flu outbreaks. Rich countries would be told to promote the “transfer of technology and know-how” to the developing world.

Slow progress in distributing vaccines to the developing world blighted the response to Covid-19. EPA
Slow progress in distributing vaccines to the developing world blighted the response to Covid-19. EPA

They would also be asked to encourage vaccine manufacturers to do without royalties for the sake of poorer countries.

Article 12 would commit countries to a “fair and equitable allocation and distribution” of medicines. In the event of a pandemic, the WHO would have “real-time access” to 20 per cent of “pandemic-related health products”.

This would involve 10 per cent being donated to the WHO and another 10 per cent being sold at “affordable prices”.

More details on Article 12’s medicine-sharing system will be outlined by a 2026 deadline.

The WHO last year called an end to the state of global emergency it declared in 2020. It puts the total number of Covid-19 deaths at more than seven million.

“Covid is not gone but the legacy of the crisis of Covid needs to be that we have these strengthened systems,” said WHO epidemiologist Maria Van Kerkhove.

Dr Tedros said they are “working long hours to find common ground, in good faith, for the people of the world”.

A final text could be presented to the World Health Assembly opening in Geneva on May 27.

If negotiators cannot reach a deal, they will have to tell the assembly they have failed and leave it to decide the next steps.

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How Islam's view of posthumous transplant surgery changed

Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.

Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.

The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.

One school of thought viewed the removal of organs after death as equally impermissible.

That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.

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Squad

Ali Kasheif, Salim Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdulrahman, Mohammed Al Attas, Abdullah Ramadan, Zayed Al Ameri (Al Jazira), Mohammed Al Shamsi, Hamdan Al Kamali, Mohammed Barghash, Khalil Al Hammadi (Al Wahda), Khalid Essa, Mohammed Shaker, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Al Hassan Saleh, Majid Suroor (Sharjah) Walid Abbas, Ahmed Khalil (Shabab Al Ahli), Tariq Ahmed, Jasim Yaqoub (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Muharami (Baniyas) 

ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

RESULT

West Brom 2 Liverpool 2
West Brom: Livermore (79'), Rondón (88' ) 
Liverpool: Ings (4'), Salah (72') 

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 Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

While you're here
'I Want You Back'

Director:Jason Orley

Stars:Jenny Slate, Charlie Day

Rating:4/5

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp

Torque: 730Nm

Price: Dh649,000

On sale: now  

Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.

RESULTS

Light Flyweight (48kg): Alua Balkibekova (KAZ) beat Gulasal Sultonalieva (UZB) by points 4-1.

Flyweight (51kg): Nazym Kyzaibay (KAZ) beat Mary Kom (IND) 3-2.

Bantamweight (54kg): Dina Zholaman (KAZ) beat Sitora Shogdarova (UZB) 3-2.

Featherweight (57kg): Sitora Turdibekova (UZB) beat Vladislava Kukhta (KAZ) 5-0.

Lightweight (60kg): Rimma Volossenko (KAZ) beat Huswatun Hasanah (INA) KO round-1.

Light Welterweight (64kg): Milana Safronova (KAZ) beat Lalbuatsaihi (IND) 3-2.

Welterweight (69kg): Valentina Khalzova (KAZ) beat Navbakhor Khamidova (UZB) 5-0

Middleweight (75kg): Pooja Rani (IND) beat Mavluda Movlonova (UZB) 5-0.

Light Heavyweight (81kg): Farida Sholtay (KAZ) beat Ruzmetova Sokhiba (UZB) 5-0.

Heavyweight (81 kg): Lazzat Kungeibayeva (KAZ) beat Anupama (IND) 3-2.

The biog

Date of birth: 27 May, 1995

Place of birth: Dubai, UAE

Status: Single

School: Al Ittihad private school in Al Mamzar

University: University of Sharjah

Degree: Renewable and Sustainable Energy

Hobby: I enjoy travelling a lot, not just for fun, but I like to cross things off my bucket list and the map and do something there like a 'green project'.

Updated: May 09, 2024, 2:14 PM