Imagine being admitted to hospital for a routine knee surgery, confident in the professionalism of your doctors who have access to the most advanced technology and state-of-the-art facilities. And yet, everything goes wrong. What began as a straightforward operation ends in a devastating, untreatable life-threatening bacterial infection, because microbes have become resistant to one of the most revolutionary medical wonders of the 20th century: antibiotics.
The danger of antimicrobial resistance (AMR), marked by World AMR Awareness Week which began last Monday, is unfortunately not science fiction. Hitherto straightforward and easy-to-treat bacterial infections have, in many instances, become a matter of life and death. Today, drug-resistant infections kill at least 1.3 million people every year and create annual losses of no less than $66 billion in direct healthcare costs alone. A recent article in The Lancet, a medical journal, estimated that over the next 25 years up to 40 million people will die of causes attributed to antimicrobial resistance.
Antimicrobial resistance occurs when dangerous bacteria evolve and mutate to become 'superbugs'
AMR threatens to upend modern medicine as we know it. Knee surgery, cancer treatments and caesarean section during childbirth all require functioning antibiotics. Without them, these procedures become a game of Russian roulette. And, unfortunately, even countries with robust, excellent and well-funded healthcare systems are threatened. If we do not act wisely, decades of improvement in health and human well being are at risk.
Antimicrobial resistance occurs when dangerous bacteria evolve and mutate to become “superbugs” resistant to the kinds of antibiotics currently available in our arsenal. In 2005, a form of the deadly MRSA bacteria that is resistant to the drug Daptomycin was identified only two years after that drug’s approval. It was a watershed moment in the recognition of the threat that AMR poses. The mutation of microbes is a natural process, but this is accelerated by our indiscriminate use of broad-spectrum antibiotics in both healthcare and agricultural settings, leading to what some have called the “silent pandemic”.
Complicating matters is the lack of research and development going into developing new antibiotics. In a genericised market, with many existing old drugs hitherto doing a good job, the pricing of and commercial opportunity for new antibiotics has not been appealing enough to spur research into new drugs.
Simply put, right now, profits are low and costs are too high for developing new antibiotics. In addition, realising sufficient sales of a new antibiotic is hindered by restrain in their use by physicians, who fear creating resistance to a new compound that could be the life saver for the severest of cases. In short, the economic model for antibiotics is broken and, therefore, our arsenal of antimicrobial drugs has not been replenished at the rate that the bugs become resistant to them.
Millions of tragic deaths can be mitigated if we make the right investments and fix the broken economic model that supports – or rather does not support – the development of antimicrobial drugs. There is opportunity in this area for both making wise financial investments and positively contributing to global health.
Often antibiotics are prescribed when it is not necessary and when an infection is not actually a bacterial one. So, by making point-of-care (at the site of the patient) diagnostic capabilities more widely available and faster, we can minimise unnecessary antibiotic use, thus reducing the development of resistance.
Second, creating economic incentives for developing new drugs and maintaining a competitive investment environment can assist in delivering treatment options for healthcare providers, mitigating the potential for resistance. One solution could be the adoption by healthcare systems of a subscription-type model (think Netflix) that ensures that developers of new drugs and vaccines receive a fixed amount per year, regardless of sales volume, thus incentivising innovation while delivering working drugs in whatever quantity needed. The UK has adopted such a model and other health systems should follow suit.
The Novo Nordisk Foundation, including Novo Holdings and Novo Nordisk, have dedicated $500 million towards investing in efforts to discover novel therapeutics and vaccines – with initiatives spanning the full value chain, from early research efforts through to pre-clinical development, clinical development and commercialisation. Despite these extensive efforts, there are all too few co-investors in this area due to the unappealing economics.
We are, therefore, at a crossroads. For the sake of the innovative developments already made, for the families and patients who will face this life-threatening challenge and for future generations, we must move beyond simply acknowledging the crisis to committed action.
While sleeping safely in the conviction that we had found wonder drugs such as penicillin and several other agents, we have increasingly ignored that microbes constantly mutate, and that they are rapidly finding ways around our defences. The time for action is now.
Kasim Kutay is chief executive of Novo Holdings
Aleks Engel is a partner in Novo Holdings’ planetary health investments team
ZAYED SUSTAINABILITY PRIZE
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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RESULT
Manchester City 5 Swansea City 0
Man City: D Silva (12'), Sterling (16'), De Bruyne (54' ), B Silva (64' minutes), Jesus (88')
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
UAE currency: the story behind the money in your pockets
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.
Golden Dallah
For the cappuccino, luqaimat and aseeda.
Al Mrzab Restaurant
For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.
Al Derwaza
For the fish hubul, regag bread, biryani and special seafood soup.
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
UAE currency: the story behind the money in your pockets
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Mica
Director: Ismael Ferroukhi
Stars: Zakaria Inan, Sabrina Ouazani
3 stars
States of Passion by Nihad Sirees,
Pushkin Press
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3ESplintr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMay%202019%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohammad%20AlMheiri%20and%20Badr%20AlBadr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20and%20Riyadh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Epayments%20%2F%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E10%20employees%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%20seven-figure%20sum%20%2F%20pre-seed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStage%3A%20%3C%2Fstrong%3Eseed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3Eangel%20investors%3C%2Fp%3E%0A
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Profile of VoucherSkout
Date of launch: November 2016
Founder: David Tobias
Based: Jumeirah Lake Towers
Sector: Technology
Size: 18 employees
Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake
Investors: Seed round was self-funded with “millions of dollars”
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
Specs
Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km
PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.