Anthony Fauci has backtracked since criticising the British announcement approving the Pfizer vaccine. AFP
Anthony Fauci has backtracked since criticising the British announcement approving the Pfizer vaccine. AFP
Anthony Fauci has backtracked since criticising the British announcement approving the Pfizer vaccine. AFP
Anthony Fauci has backtracked since criticising the British announcement approving the Pfizer vaccine. AFP

It's too early to say who will win the vaccine hurdle race


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Anthony Fauci, America's top infectious disease expert, has been something of a cult hero during the coronavirus pandemic. So far he has even been viewed as unsackable by President Donald Trump.

But even heroes have off days. Dr Fauci last week carped about the British announcement that it has approved the vaccine produced by Pfizer and its partner BioNTech, and that the first doses would be handed out as early as next week.

His suggestion that the UK had cut corners to beat the world to roll out the vaccine was immediately damaging. A tsunami of disinformation has been unleashed surrounding the Covid-19 vaccines. Anything that gives grist to the mill of conspiracists is bound to be damaging.

Dr Fauci is a rare character: a specialist expert who is known around the world. Quoting him knocking the vaccine will fuel the social media disinformation onslaught. The good doctor soon backtracked, explaining that he had reacted badly to the triumphalist tone of a British interviewer. He then vouched for the British regulator.

It is important to note that different national bodies deal with the approval process in their own way and the US is looking at a mid-December approval of the Pfizer application. Meanwhile, the European Medicines Agency is due to make its decision on December 29.

All this provides an insight with regard to the fraught nature of the race to deploy vaccines. Once the medicine is ready, countries can move to break the cycle of lockdowns and restrictions that constrain daily social and economic life. Cyprus announced it would be first country to end the quarantine for those who have been vaccinated. Big business will flow from the provision of secure vaccine passports in 2021.

For all that, the concept of the vaccine race is deeply flawed. We won't know until January or February, at the earliest, how well the campaign is working. Even if "race" is a valid term, there remains a daunting series of challenges ahead – for those countries with the vaccine and those further down the line.

The world passed the grim milestone of 1.5 million global coronavirus deaths on Thursday, putting into stark relief the joy of those nations that plan to deliver the vaccines. Since November 23, more than 10,000 worldwide have died every day – the longest sustained period of fatalities at that level.

Mike Ryan, executive director of the World Health Organisation's emergencies programme, has attempted to temper expectations. Reuters
Mike Ryan, executive director of the World Health Organisation's emergencies programme, has attempted to temper expectations. Reuters

Mike Ryan, the World Health Organisation official who has steadily dispensed medical wisdom throughout 2020, declared bluntly on Friday that a vaccine will not mean zero Covid-19 in circulation. "By themselves, they will not do the job," he said. "And therefore we have to add vaccines into an existing public health strategy."

London’s breakthrough has unleashed great hopes but politicians have exhibited an unsavoury one-upmanship. Germany has built vast deep-freeze warehouses that will store batches of the vaccine before they are transported to Britain. For its part, the European Medicines Agency seems extraordinarily bureaucratic in waiting for a regular scheduled meeting at the end of the month before it authorises a vaccine.

But while Britain is getting the first supplies, it remains to be seen if it can really get the vaccine to the public. A network of more than 50,000 people with basic medical skills will be needed to administer the doses. There is scant evidence that this has been built.

A training session in the Covid-19 Vaccination Clinic at the University Hospital in Coventry, central England last week. A network of more than 50,000 people with basic medical skills will be needed to administer the doses. AFP
A training session in the Covid-19 Vaccination Clinic at the University Hospital in Coventry, central England last week. A network of more than 50,000 people with basic medical skills will be needed to administer the doses. AFP

It was noticeable that the Germans are quietly building this distribution system ahead of the vaccine approval decision.

Then there is the issue of how the vaccine gets distributed globally. How does that chime with the "me first" flag waving?

A major analysis published last week from the Eurasia Group, a political risk consultancy, assessed the impact of global vaccine distribution for 10 major economies, including the UAE. It said that funding for the Gavi Alliance's global distribution mechanism, known as the Covax-Advance Market Commitment, was vital. It aims to get vaccines delivered to 92 low-income countries through its own facility.

The Eurasia report said the economic boost for the UAE alone in 2021-22 would amount to $18.1 billion and add up to a cumulatively $69.7bn boost over five years. The 10 rich countries, as a whole, would gain almost half a billion dollars from getting the economy moving again.

French President Emmanuel Macron gave a very strong endorsement of a global push to roll out the vaccine at a UN symposium last week. Reuters
French President Emmanuel Macron gave a very strong endorsement of a global push to roll out the vaccine at a UN symposium last week. Reuters
The vaccine is no doubt a great achievement of 2020, but the history of the recovery is being written even as the suffering escalates

President Emmanuel Macron of France gave a very strong endorsement of a global push to roll out the vaccine at a UN symposium last week. It is worth quoting his words at length.

“These doses, whether they come from Europe, China, Russia or the United States, whether they are the fruit of donations from states or pharmaceutical companies, would thus be allocated effectively and fairly, on the basis of WHO recommendations,” Mr Macron said.

Getting to this point within a calendar year of the new virus being detected is a landmark achievement in the history of humanity. In countries where faith in the medical profession is high, vaccine rates can still be expected to be high.

However, the pitfalls ahead are myriad. The vaccine is no doubt a great achievement of 2020, but the history of the recovery is being written even as the suffering escalates. Delivering it is not just a managerial challenge. It is a task that requires strategic wisdom and careful messaging to get everybody onboard.

Damien McElroy is the London bureau chief of The National

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Five hymns the crowds can join in

Papal Mass will begin at 10.30am at the Zayed Sports City Stadium on Tuesday

Some 17 hymns will be sung by a 120-strong UAE choir

Five hymns will be rehearsed with crowds on Tuesday morning before the Pope arrives at stadium

‘Christ be our Light’ as the entrance song

‘All that I am’ for the offertory or during the symbolic offering of gifts at the altar

‘Make me a Channel of your Peace’ and ‘Soul of my Saviour’ for the communion

‘Tell out my Soul’ as the final hymn after the blessings from the Pope

The choir will also sing the hymn ‘Legions of Heaven’ in Arabic as ‘Assakiroo Sama’

There are 15 Arabic speakers from Syria, Lebanon and Jordan in the choir that comprises residents from the Philippines, India, France, Italy, America, Netherlands, Armenia and Indonesia

The choir will be accompanied by a brass ensemble and an organ

They will practice for the first time at the stadium on the eve of the public mass on Monday evening 

THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

On sale: now

UAE currency: the story behind the money in your pockets
Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

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Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

The biog

Name: Greg Heinricks

From: Alberta, western Canada

Record fish: 56kg sailfish

Member of: International Game Fish Association

Company: Arabian Divers and Sportfishing Charters

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Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

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Ticket prices
  • Golden circle - Dh995
  • Floor Standing - Dh495
  • Lower Bowl Platinum - Dh95
  • Lower Bowl premium - Dh795
  • Lower Bowl Plus - Dh695
  • Lower Bowl Standard- Dh595
  • Upper Bowl Premium - Dh395
  • Upper Bowl standard - Dh295
German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

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The Uefa Awards winners

Uefa Men's Player of the Year: Virgil van Dijk (Liverpool)

Uefa Women's Player of the Year: Lucy Bronze (Lyon)

Best players of the 2018/19 Uefa Champions League

Goalkeeper: Alisson (Liverpool)

Defender: Virgil van Dijk (Liverpool)

Midfielder: Frenkie de Jong (Ajax)

Forward: Lionel Messi (Barcelona)

Uefa President's Award: Eric Cantona

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Aldar Properties Abu Dhabi T10

*November 15 to November 24

*Venue: Zayed Cricket Stadium, Abu Dhabi

*Tickets: Start at Dh10, from ttensports.com

*TV: Ten Sports

*Streaming: Jio Live

*2017 winners: Kerala Kings

*2018 winners: Northern Warriors

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

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