US pharmaceutical company Pfizer will train and support 150 Abu Dhabi scientists to conduct clinical research at the level required by multinational companies to produce effective medicines.
Patrick van der Loo, regional president of Pfizer Africa and the Middle East, said at an online conference on Tuesday that the programme will allow more access to clinical trials, and will be similar to what the company has done in Saudi Arabia.
“This ambition of health care as a key pillar of diversification of the economy is something we are seeing across the Gulf and elsewhere,” he said.
“Rather than just do one-off programmes or trials, we are better off providing structural collaborative support for the government of Abu Dhabi and its networks to provide more trials.
“We are in the process of rolling out many more early-stage trials here.”
In one year we have gained an experience usually gained in 10 years
Yasser El Dershaby,
Pfizer
From March 2022, experts will conduct remote training courses from Pfizer Clinical research units in Belgium, the US and Singapore.
Further training will take place at the company's research academy, academic institutions and with other specialised partners.
Participants will receive training in technologies and artificial intelligence tools that accelerate the drug discovery process, with trainees allocated a specific cohort with training based on their research role and expertise.
The pharma giant also pledged better mRNA flu vaccines and a new migraine drug at the conference.
Regional officers of the drug manufacturer behind the Pfizer-BioNTech Covid-19 vaccine and antiviral treatment Paxlovid said new technology in vaccine production had created a new era for global pharmaceuticals.
They said new messenger ribonucleic acid (mRNA) technology that helped create Covid vaccines will be helpful in inoculating the masses from flu.
mRNA flu vaccine may be the next big thing
Pfizer’s collaboration with German biotechnology company BioNTech aims to create a better flu shot by speeding up manufacturing and removing the guesswork from annual vaccine programmes.
A key development resulting from the rapid research and real-world trials generated during the pandemic has been a broader acceptance of mRNA vaccines, leading pharmaceutical experts say.
Once viewed with scepticism at the onset of Covid-19, the mRNA vaccines that teach cells how to trigger an immune response to fight infection are now considered vital to future vaccine development.
That is most apparent in future flu vaccines, usually developed each year to fight emerging new variants that mutate over the summer months.
Under previous methods, scientists would try to predict which flu virus would become dominant each winter, dependent on viral surveillance data.
A production time of around six months would often lead to vaccine selections being a poor match for a mutated flu virus, offering just 60 per cent protection in a good year.
That could change using mRNA technology.
Scientists would no longer require live cells to develop new vaccines, instead they would study genes of current viral strains to then synthetically produce the corresponding RNA.
That can then be injected to stimulate an immune response.
“At the start of Covid, many people had concerns over the safety and efficacy of mRNA technology in vaccines, but now we know it can hugely support other diseases,” said Pfizer’s medical lead in Africa and the Middle East, Yasser El Dershaby.
“We have partnered with others including BioNTech to develop new vaccines and have started clinical trials on the first influenza vaccine that will be a single dose using mRNA.
“We are also working on an Omicron-specific vaccine and another that is bivalent so it can work against two or more variants of Covid.”
The officials did not give a time frame as to when these vaccines will be available in the market.
New migraine treatment
Pfizer’s first gene-related peptide receptor antagonist to treat and prevent migraine is due to be launched in May, Mr Dershaby said.
Rimegepant will soon be available for adults experiencing at least four migraine attacks a month after the drug was backed by the European Medicines Agency in February.
A new range of cancer treatments is also likely in the near future, thanks to developments in clinical research.
Pfizer has 11 medications used in the Mena region to treat different types of cancers, but 15-20 more are under development for breast, lung and colorectal cancer, among others.
Gene therapy to treat haemophilia and certain types of neural muscular disorders are also under development by the company.
“In one year we have gained an experience usually gained in 10 years,” said Mr Dershaby.
“We want to develop more real-world evidence so we know what works on our population here with more studies and building infrastructure to enhance research capabilities.
“That means training more junior researchers to conduct good clinical trials with good practice guidelines who are certified and well-trained.”
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
UAE SQUAD
Ahmed Raza (Captain), Rohan Mustafa, Jonathan Figy, CP Rizwan, Junaid Siddique, Mohammad Usman, Basil Hameed, Zawar Farid, Vriitya Aravind (WK), Waheed Ahmed, Karthik Meiyappan, Zahoor Khan, Darius D'Silva, Chirag Suri
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
The years Ramadan fell in May
Citizenship-by-investment programmes
United Kingdom
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
The five pillars of Islam
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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA
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COMPANY%20PROFILE%20
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
At a glance
- 20,000 new jobs for Emiratis over three years
- Dh300 million set aside to train 18,000 jobseekers in new skills
- Managerial jobs in government restricted to Emiratis
- Emiratis to get priority for 160 types of job in private sector
- Portion of VAT revenues will fund more graduate programmes
- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government
MO
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Indoor cricket World Cup:
Insportz, Dubai, September 16-23
UAE fixtures:
Men
Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final
Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Cheeseburger%20ingredients
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