People wait to get vaccinated at Barsha Hall in Barsha, a suburb of Dubai.
People wait to get vaccinated at Barsha Hall in Barsha, a suburb of Dubai.
Irum Fatima Tapal gets vaccinated against Covid-19 at Barsha Hall in Dubai
Irum Fatima Tapal gets vaccinated against Covid-19 at Barsha Hall in Dubai
Lateef Painat receives the Pfizer BioNTech shot
Lateef Painat receives the Pfizer BioNTech shot
It was a busy first week at Barsha Hall, where 4,000 people can be vaccinated in a day
It was a busy first week at Barsha Hall, where 4,000 people can be vaccinated in a day
Barsha Hall has 20 check-in counters, 50 vaccination booths and five observation rooms
Barsha Hall has 20 check-in counters, 50 vaccination booths and five observation rooms
About 80 healthcare staff work at the site
About 80 healthcare staff work at the site
Lateef Painat, a Dubai resident, gets ready to be vaccinated at the newly opened Barsha Hall
Lateef Painat, a Dubai resident, gets ready to be vaccinated at the newly opened Barsha Hall

UAE

Government

What are the Covid-19 vaccine exemptions on Al Hosn app?

The country aims to vaccinate all eligible adults by the end of 2021

The National

July 29, 2021

  • English
  • Arabic

Follow the latest updates on the Covid-19 pandemic here

The UAE plans to vaccinate all eligible adults against Covid-19 by the end of the year.

The National Emergency Crisis and Disaster Management Authority urges people to get the vaccine, which is available free of charge.

The country has already administered 11,186,348 doses in a population of about 10 million – one of the highest vaccination rates globally.

However, the Ministry of Health and Community Protection has listed seven categories of people who are exempt from having the vaccine.

Who is exempt from having the vaccine?

  1. Covid-19 patients
  2. Participants in clinical trials
  3. Pregnant women
  4. Those who have received the vaccine outside the country
  5. Anyone who has shown severe sensitivity to vaccines in the past or from any of the components of the vaccines
  6. Patients with a disease that may conflict with the vaccine. Such people will be given an exemption after a medical evaluation
  7. Those who have been infected with the virus and recovered. A doctor's report is required

From Sunday, only people considered at low-risk from the coronavirus will be permitted to enter government department buildings in Abu Dhabi.

Similar rules will apply to most public places in the emirate from August 20. Al Hosn is expected to be used as official proof of vaccinations and PCR test results.

Excluded groups can get exemption certificates from accredited centres, clinics and hospitals.

The physician who evaluates the request for exemption will have to submit the medical report to the health authorities for approval.

Applicants will receive a text message informing them if their exemption request has been approved.

The exemption status will show on the Al Hosn app.

Four vaccines are being offered in the UAE: Sinopharm, Pfizer-BioNTech, Sputnik V and Oxford-AstraZeneca.

The Sinopharm vaccine is produced locally in the UAE at Emirati drug maker Julphar's plant in Ras Al Khaimah, under the brand name Hayat-Vax.

How do I download the Al Hosn app?

You can download Al Hosn app from the App Store, Google Play Store, Huawei AppGallery and Galaxy Store free of charge.

Register your details, and the app will send you a validation code (OTP) to your phone number to authenticate your ID.

You will need to turn on Bluetooth and push notifications on your smartphone to use the app for tracing.

An internet connection is required when you first install Al Hosn app.

The app is whitelisted by the telecom operators, so data used will not be counted against your quota.

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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.”

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