Green pass entry requirements for events and exhibitions are being updated to take effect from Sunday.
The Abu Dhabi Emergency Crisis and Disasters Committee has updated entry requirements – including those for business, entertainment and sport – to include green status on Al Hosn app and a negative PCR test result within 96 hours of entry.
Attendees must also commit to wearing masks.
The new measures are effective from Sunday, 31 October, the safety committee said.
Al Hosn green pass rules came into effect in Abu Dhabi on September 19. Green status allows entry to many public spaces.
The status of people who are fully vaccinated against Covid-19 remains green as long as they have a PCR test once every 30 days.
People who received a second dose of the Sinopharm vaccine more than six months ago must take a booster shot to maintain their green status.
Authorities made that announcement last month and gave a 30-day grace period for people to receive the booster dose by September 20 to prevent their status from turning grey.
How does Al Hosn app work?
Those whose Al Hosn app shows grey status are refused entry to many public spaces.
The Al Hosn app makes it easier for contact tracing on a national scale, so the authorities can quickly contain the spread of Covid-19.
When it is turned on for tracking, if you have come into close proximity with someone who has tested positive the authorities can warn you to self-isolate.
The app also acts as a record of all your Covid-19 test results, so if you come up positive you know to stay at home.
Evidence of your Covid-19 vaccination doses are also stored on the app, so you can use it to prove your status in the UAE.
If you travel abroad, you can use Al Hosn app as a vaccine travel certificate.
What are the colours on the Al Hosn app?
The app contains a colour-coded system to easily indicate your health status.
If it turns red, it means your most recent test returned positive and you must seek the advice of the local health authority.
The colour amber indicates that you need to be tested or retested because of possible exposure to Covid-19.
Green indicates you have been tested and are Covid-19 negative.
Grey indicates you have no recent test results.
What does the E on the Al Hosn app mean?
The letter E shows you have had your second dose of a Covid-19 vaccination at least 28 days ago, and a negative PCR test within the past seven days.
If you want to keep your E status, you need to have a Covid-19 test every week.
I am vaccinated, but it is not showing up on my Al Hosn app. What should I do?
If you have had both doses of a Covid-19 vaccine, but they do not appear on the app, you should go back to the clinic where the inoculations were administered.
For further questions regarding Al Hosn app, contact the relevant authorities on 800 HOSN (4676).
The six points:
1. Ministers should be in the field, instead of always at conferences
2. Foreign diplomacy must be left to the Ministry of Foreign Affairs and International Co-operation
3. Emiratisation is a top priority that will have a renewed push behind it
4. The UAE's economy must continue to thrive and grow
5. Complaints from the public must be addressed, not avoided
6. Have hope for the future, what is yet to come is bigger and better than before
The biog
Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha
Favourite book: One Hundred Years of Solitude
Holiday destination: Sri Lanka
First car: VW Golf
Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters
Driverless cars or drones: Driverless Cars
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.
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.”
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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