The UAE has dealt with the Covid-19 pandemic better than many other developed countries and will now play a leading role manufacturing the Sinopharm vaccine. AFP
The UAE has dealt with the Covid-19 pandemic better than many other developed countries and will now play a leading role manufacturing the Sinopharm vaccine. AFP
The UAE has dealt with the Covid-19 pandemic better than many other developed countries and will now play a leading role manufacturing the Sinopharm vaccine. AFP
The UAE has dealt with the Covid-19 pandemic better than many other developed countries and will now play a leading role manufacturing the Sinopharm vaccine. AFP

Vaccination and the need for speed


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News that the UAE has struck a deal to manufacture the Sinopharm Covid-19 vaccine highlights the role the country is playing in the global pandemic response.

The nation has already achieved an astonishing rate of eight vaccination doses admitted per 100 people. This is the second highest figure globally, after Israel and ahead of Bahrain. This new manufacturing agreement, therefore, fits into a wider pattern of the country leading efforts to free the world from grips of Covid-19.

Since the virus emerged the year before last, it has tested the speed at which individual countries act in an international crisis. Nations have diverged in their case numbers and fatalities, in some cases to tragic extremes. The push to inoculate populations is now at risk of widening the public health gap, as some countries accelerate their vaccine drives quicker than others. But herd immunity is a shared objective across the whole of humanity. Each jab delivered is not just an individual success and heavy dose of relief, but also a crucial step in achieving long-term goal of ending the pandemic.

The crux of herd immunity is to inoculate a sufficient percentage of the population to make it difficult for a virus to find enough hosts to carry on spreading. The threshold varies, depending upon the infectiousness of a given disease. For measles, the figure was as high as 95 per cent. Experts are not yet able to estimate the proportion necessary for Covid-19.

The emergence of new strains of Covid-19 in the UK and South Africa sheds light on the challenges of vaccination and the necessity of quick, decisive efforts. There is no reason thus far to suggest that either of these strains is resistant to vaccines already in development. But they are evidence of the fact that the virus is in constant mutation, and future strains may prove more problematic. Medical experts believe that speedy, mass inoculation is the best way to outpace such mutations. With such a small percentage of the global population vaccinated, nations risk being slow at their peril. And if resistant variations do emerge, the world will need another round of costly and time-consuming vaccine developments.

British Health Secretary Matt Hancock pets Larry the cat outside Downing Street, home of the UK Prime Minister, as the country enters its third lockdown. Reuters
British Health Secretary Matt Hancock pets Larry the cat outside Downing Street, home of the UK Prime Minister, as the country enters its third lockdown. Reuters
Fighting Covid-19 is ultimately a matter of capacity-building

It is not only less well-resourced countries that are struggling to vaccinate, but many of the most advanced as well. This underscores the necessity of governments to formulate effective inoculation strategies, even as new vaccines are under development and trial periods. In the US, for example, vaccination targets have fallen well below a target of 20 million people by the end of 2020.

Capacity, across all areas, has been a major concern during the pandemic. Early on, many worried about the numbers of beds and ventilators in hospitals and then the number of Covid-19 tests. Currently, governments are haunted by their limited ability to inoculate populations fast enough.

Fighting Covid-19 is ultimately a matter of commitment and capacity-building. Countries must work in tandem to continue developing as many resources as possible, as widely distributed as possible, in the areas of testing, information-sharing, economic support, public messaging and vaccination. With the UAE and others now manufacturing leading vaccines, the tide of the pandemic is all the more likely to reverse.

The years Ramadan fell in May

1987

1954

1921

1888

The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

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.”

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

CHELSEA SQUAD

Arrizabalaga, Bettinelli, Rudiger, Christensen, Silva, Chalobah, Sarr, Azpilicueta, James, Kenedy, Alonso, Jorginho, Kante, Kovacic, Saul, Barkley, Ziyech, Pulisic, Mount, Hudson-Odoi, Werner, Havertz, Lukaku.