• Abu Dhabi residents are inoculated at the screening and vaccine centre on the Corniche. A nationwide testing and inoculation campaign is credited with driving down cases. All photos: Victor Besa / The National
    Abu Dhabi residents are inoculated at the screening and vaccine centre on the Corniche. A nationwide testing and inoculation campaign is credited with driving down cases. All photos: Victor Besa / The National
  • Staff and nurses from the Abu Dhabi public hospital group Seha urged the public to protect themselves from Covid-19 by signing up to be vaccinated.
    Staff and nurses from the Abu Dhabi public hospital group Seha urged the public to protect themselves from Covid-19 by signing up to be vaccinated.
  • Motorists queue for PCR tests at Seha's testing and vaccination centre on Abu Dhabi's Corniche.
    Motorists queue for PCR tests at Seha's testing and vaccination centre on Abu Dhabi's Corniche.
  • Mass testing and a successful vaccination campaign has helped the UAE to tackle the pandemic.
    Mass testing and a successful vaccination campaign has helped the UAE to tackle the pandemic.
  • Drivers wait at a centre that provides both PCR nasal swab tests and coronavirus vaccine doses.
    Drivers wait at a centre that provides both PCR nasal swab tests and coronavirus vaccine doses.
  • Shenaz Abdul Salam, 13, gives a thumbs up as he waits to receive his first vaccine dose.
    Shenaz Abdul Salam, 13, gives a thumbs up as he waits to receive his first vaccine dose.
  • A staff nurse fills in a vaccination form for a driver at the Corniche centre.
    A staff nurse fills in a vaccination form for a driver at the Corniche centre.
  • Mariam Al Badi, an Emirati nurse working at Seha's drive-through vaccine centre, has urged everyone to get inoculated against Covid-19.
    Mariam Al Badi, an Emirati nurse working at Seha's drive-through vaccine centre, has urged everyone to get inoculated against Covid-19.
  • Ms Al Badi goes through the vaccination process with a driver.
    Ms Al Badi goes through the vaccination process with a driver.
  • Cars queue at the drive-through testing and vaccination centre on Abu Dhabi's Corniche.
    Cars queue at the drive-through testing and vaccination centre on Abu Dhabi's Corniche.
  • More than 80 per cent of the UAE population has been vaccinated and the government is urging those who have not to sign up.
    More than 80 per cent of the UAE population has been vaccinated and the government is urging those who have not to sign up.
  • An Abu Dhabi resident gives the thumbs up after signing up for vaccination.
    An Abu Dhabi resident gives the thumbs up after signing up for vaccination.
  • Authorities have made the vaccines free for everyone.
    Authorities have made the vaccines free for everyone.
  • A medical worker checks papers as Abu Dhabi residents sign up for the Covid-19 vaccine.
    A medical worker checks papers as Abu Dhabi residents sign up for the Covid-19 vaccine.
  • The drive-through Covid-19 testing and inoculation centre has proved popular with Abu Dhabi residents.
    The drive-through Covid-19 testing and inoculation centre has proved popular with Abu Dhabi residents.

Abu Dhabi updates protocols for Covid-19 cases and close contacts


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Abu Dhabi has updated its safety protocols for people who test positive for Covid-19 or are a close contact of someone infected with the virus.

The new measures were announced by Abu Dhabi Emergency, Crisis and Disasters Committee in conjunction with the Department of Health and Abu Dhabi Public Health Centre are in line with efforts to “protect the health and safety of the public".

Under the procedures, people with Covid-19 in high-risk categories – those aged 50 and over, have symptoms, are pregnant or have a chronic illness – must visit a designated Covid-19 Prime Assessment Centre for assessment and to implement isolation measures.

In order to end their isolation period, they must get two negative PCR results 24 hours apart or conduct a PCR test on day 8 and 10 and complete 10 days in isolation with no symptoms presented in the final three days of quarantine, following medical assessment.

Authorities also outlined procedures for those with mild or moderate symptoms or who do not suffer from chronic illnesses.

In this instance, they must retest in any health facility in the emirate while continuing to isolate.

If this test is positive, the patient will be contacted by a specialist and told to complete isolation procedures.

Patients in these categories must also receive two negative PCR tests within 24 hours in order to end isolation. But they are urged to continue to comply with precautionary measures once they resume activities.

Close contact rules

Officials also updated protocols for those who are identified as close contacts of Covid-19 cases.

Close contacts will receive a text telling them to take a PCR test and to self-register in home quarantine through a link provided in the message.

Fully vaccinated people must quarantine for seven days, with a 10-day requirement if unvaccinated.

Those who record a positive test must then follow the same protocols set out for those who contract the virus.

Those who test negative should take an additional PCR test – on day six for those who are vaccinated and day nine for those unvaccinated.

If the result is again negative, they can end isolation in line with Covid-19 safety rules.

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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 is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Meydan race card

6.30pm: Maiden Dh 165,000 1,600m
7.05pm: Handicap Dh 185,000 2,000m
7.40pm: Maiden Dh 165,000 1,600m
8.15pm: Handicap Dh 190,000 1,400m
8.50pm: Handicap Dh 175,000 1,600m
9.25pm: Handicap Dh 175,000 1,200m
10pm: Handicap Dh 165,000 1,600m

The Way It Was: My Life with Frank Sinatra by Eliot Weisman and Jennifer Valoppi
Hachette Books

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

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MATCH INFO

Manchester City 2 (Mahrez 04', Ake 84')

Leicester City 5 (Vardy 37' pen, 54', 58' pen, Maddison 77', Tielemans 88' pen)

Man of the match: Jamie Vardy (Leicester City)

THE DETAILS

Director: Milan Jhaveri
Producer: Emmay Entertainment and T-Series
Cast: John Abraham, Manoj Bajpayee
Rating: 2/5

What is safeguarding?

“Safeguarding, not just in sport, but in all walks of life, is making sure that policies are put in place that make sure your child is safe; when they attend a football club, a tennis club, that there are welfare officers at clubs who are qualified to a standard to make sure your child is safe in that environment,” Derek Bell explains.

match info

Manchester United 3 (Martial 7', 44', 74')

Sheffield United 0

UAE currency: the story behind the money in your pockets
Results

6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m 

Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer) 

6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m 

Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor 

7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m 

Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer 

7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m 

Winner: Desert Fire, Hector Crouch, Saeed bin Suroor 

8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

Winner: Naval Crown, William Buick, Charlie Appleby 

8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

Winner: Al Tariq, Pat Dobbs, Doug Watsons 

9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m 

Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor  

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Match info

Wolves 0

Arsenal 2 (Saka 43', Lacazette 85')

Man of the match: Shkodran Mustafi (Arsenal)

Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda

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Five personal finance podcasts from The National

 

To help you get started, tune into these Pocketful of Dirham episodes 

·

Balance is essential to happiness, health and wealth 

·

What is a portfolio stress test? 

·

What are NFTs and why are auction houses interested? 

·

How gamers are getting rich by earning cryptocurrencies 

·

Should you buy or rent a home in the UAE?  

Company%20profile
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Updated: January 15, 2022, 4:16 AM