The global spike in Covid-19 cases prompted by the rapid spread of the Delta variant has tested the scientific world.
As the virus continues to evolve, so researchers are seeking to adapt by releasing new vaccines better equipped to deal with an ever-changing threat.
According to the latest World Health Organisation figures, there are almost 300 vaccines in preclinical or clinical stages of development, including those that are already being used.
Here we look at some of the coronavirus vaccines under development and consider how effective they will be against variants that are proving difficult to combat using current shots.
Will new vaccines be more effective against variants?
The emergence late last year of the Delta coronavirus variant, which has been found in more than 130 countries, highlights the need for new or amended vaccines.
New vaccines are being tested against this and other variants and so should prove more effective than current shots at preventing serious disease and, possibly, transmission of the virus.
Polly Roy, a professor of virology at the London School of Hygiene and Tropical Medicine, said with the genetic sequences of coronavirus variants easily available, researchers will be able to tailor vaccines to combat them.
“They will know exactly what to change,” she said. “They will design them in such a way that they have a better vaccine.”
China’s Sinopharm develops mRNA vaccine
Among the most notable emerging vaccines is one from Sinopharm, the Chinese pharmaceutical giant that has already produced a widely-administered vaccine based on an inactivated form of the coronavirus.
There have been some concerns that this inactivated virus vaccine, which has been widely used in the UAE, may be less effective than other Covid-19 vaccines, such as those from Moderna, Pfizer-BioNTech and Oxford-AstraZeneca.
For a new vaccine, Sinopharm is using similar technology to that used in the Moderna and Pfizer-BioNTech jabs, a type of genetic material called messenger RNA, or mRNA.
Such vaccines' codes teach our cells how to make a protein — or even just a piece of a protein — that triggers an immune response inside our bodies which provides protection in the event of infection.
As well as this mRNA vaccine, Sinopharm is developing a second new Covid-19 shot, a recombinant protein vaccine.
Recombinant protein vaccines, produced with genetically-engineered organisms that synthesise viral proteins or antigens, are well established, having been used for many years to protect against diseases such as Hepatitis B.
How will Sinopharm’s new offering compare with alternatives?
The mRNA vaccines produced by Pfizer-BioNTech and Moderna achieved more than 90 per cent efficacy in clinical trials and have been widely rolled out.
However, not all mRNA Covid-19 vaccines have given impressive results. Notably, one from CureVac, a German company, was just 47 per cent effective at preventing disease in results announced in June.
The CureVac mRNA vaccine created heavier side effects for a given dose, possibly because it did not have a particular change in its chemical composition seen in the Pfizer-BioNTech and Moderna jabs.
As a result of the side effects, it had to be used at a lower concentration, which may explain why the protective immune response it stimulated was weaker.
A second-generation mRNA vaccine developed by CureVac and GlaxoSmithKline, a British pharmaceutical giant, has been found in animal experiments to be more effective at stimulating antibody production.
In results reported last month, this was the case against several key coronavirus variants, including Beta, which first emerged in South Africa; Delta, first detected in India; and Lambda, first detected in Peru. Early-stage clinical trials are due to begin in the final three months of this year.
Another new mRNA vaccine, from China’s Walvax Biotechnology and its collaborators, is further ahead in the trials process.
It is entering late-stage clinical trials in China and other countries including Nepal, with efficacy data likely by the end of the year.
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
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Directed by:Tom Beard
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Stars: 4
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PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years