Polio has been diagnosed in the US for the first time in a decade, health officials in New York said on Thursday.
Officials said the adult patient was diagnosed after experiencing paralysis a month ago and that it was likely to have originated from overseas as the strain identified was linked to an oral vaccine no longer used in the US.
A vaccination clinic will begin offering shots to those unprotected in Rockland County, where the case was reported.
The highly contagious virus, which can be particularly dangerous in children, was eradicated from the US in 1979 — meaning there was no longer a routine spread — following a widespread vaccination campaign.
A safe vaccine has been circulated widely, with six doses given to children in stages from birth until the age of six to give protection from the disease.
The last reported case was in 2013 when a 7-month-old who had recently moved to the US from India was diagnosed in San Antonio, Texas, according to federal health officials.
Mobile clinics have been stepped up across New York to encourage unprotected children to receive a polio vaccine.
“We want shots in the arms of those who need it,” said Dr Patricia Schnabel Ruppert, Rockland County Health Commissioner, at a news conference.
Traces of polio have also been recently recorded in sewage samples taken in London, prompting UK health authorities to encourage parents to get their children vaccinated.
Further cases recently reported in Malawi have been traced back to Pakistan.
Disrupted vaccination campaigns in rural areas of Pakistan and Afghanistan due to the pandemic have been cited as possible reasons why new polio cases are being reported now.
A 15-month-old unprotected boy was left paralysed after contracting the disease in North Waziristan, in north-west Pakistan.
In Israel, seven cases reported in March and April were said to have derived from a circulating vaccine-derived polio virus (cVDPV), a form that originates from the oral polio vaccine (OPV) administered as drops.
A national vaccination campaign for those under 17 has since been launched.
Dr Moshe Ashkenazi, deputy director of Sheba Medical Centre's Safra Children's Hospital in Tel Aviv, recently told The National that parents had become complacent about vaccinations.
“There is a certain vaccine tiredness, as people are less keen to vaccinate themselves and their children,” he said.
The UAE has invested heavily to battle polio around the world, particularly in Pakistan where $23 million was donated to support public health campaigns in 2021.
Since 2014, the UAE has contributed more than $200m of funding to support polio vaccination campaigns across Pakistan.
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UAE currency: the story behind the money in your pockets
The Outsider
Stephen King, Penguin
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.”
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