The World Health Organisation’s approval this week for Mosquirix is a milestone in the fight against the deadly disease after decades of research.
The vaccine, developed by the British pharmaceutical company GlaxoSmithKline, is the first anti-malarial jab to get the green light.
Prof Matthias Marti, a parasitology professor at the University of Glasgow in the UK whose lab researches malaria, described approval as “very significant”.
“It’s the first parasitic disease to be targeted with a vaccine,” he said. “It’s the first approved malaria vaccine to be supported by the WHO. It also has a symbolic effect.”
It’s the first approved malaria vaccine to be supported by the WHO. It also has a symbolic effect.
Prof Matthias Marti,
University of Glasgow
While highly effective vaccines against Covid-19 were developed in less than a year, malaria, which is caused by a much more complex parasite, has proved to be a greater challenge.
The disease still causes a devastating toll, killing more than 400,000 people each year, including more than 260,000 under-fives in sub-Saharan Africa.
Why is the disease so deadly and how does the vaccine work?
What causes malaria?
Malaria is caused by a single-cell parasite, Plasmodium falciparum, which is neither a virus nor a bacterium, and is transmitted to people by infected mosquitoes.
“These parasites are much more complicated organisms and they have more complex ways to evade host immunity,” Prof Marti said.
When the mosquito injects a person with anticoagulant saliva – to stop their blood from clotting – a form of the parasite known as a sporozoite is injected into the person’s bloodstream.
Sporozoites travel to the liver, where they multiply, before entering red blood cells and replicating further, releasing another form of the parasite.
Disease symptoms are caused by the parasite’s effects on these red blood cells.
Subsequently, mosquitoes are infected when they ingest yet another form of Plasmodium falciparum when they feed on the blood of infected people, and the cycle continues.
How long has Mosquirix been under development?
Drugs against malaria were first made available in the 19th century and initially were produced from naturally occurring substances. Current drugs are synthesised artificially.
Research findings linked to a possible antimalarial vaccine date from the late 1890s, although modern-day efforts to develop a vaccine began in the 1960s with immunisation studies on mice.
Mosquirix, also known as RTS,S, was created in 1987 by researchers in GSK’s laboratories, according to the company.
Support for the project also comes from the likes of the Bill and Melinda Gates Foundation. GSK said development costs were $700 million.
Research funding for a vaccine may be more limited than it would have been had malaria continued to affect richer parts of the world.
In 2015, after the results of trials were reported, European drug regulators announced a “positive opinion” of the vaccine.
Over the past two years Mosquirix been given to 800,000 children in pilot programmes in Ghana, Kenya and Malawi, with 2.3 million doses administered, according to the WHO.
How effective is the vaccine?
It cuts the risk of deadly cases of malaria by 30 per cent, the WHO said, even in areas where precautionary measures such as the use of insecticide-treated bed nets are in place, and there is good diagnosis and treatment.
While efficacy is much lower than for some other vaccines, the WHO predicts that a wide-scale roll-out could save tens of thousands of lives a year.
Mosquirix is given in four doses, with numbers one, two and three administered monthly from the age of five months. The final dose should be given by the time the child is 18 months old.
Prof Marti said the vaccine alone was not going to eliminate malaria because of its modest efficacy, and even the addition of antimalarial drugs were not a complete solution, not least because resistance develops over time.
But combining approaches could prove effective. “There’s no single silver bullet,” he said.
How will the vaccine be distributed?
GSK has said it will provide 15 million doses of Mosquirix each year and, if funding is available, the company said roll-outs among children in sub-Saharan Africa could start in late 2022 or early 2023.
The company said it would make a 5 per cent profit on each dose and was not looking to recoup its development costs.
Other malaria vaccines are under development, including a modified form of Mosquirix called R21, which in relatively small-scale trials in Burkina Faso reported in April was found to be 77 per cent effective at preventing malaria over a year – the equivalent figure for Mosquirix is 56 per cent.
While Mosquirix represents a big step forward, the WHO said that getting a second malaria vaccine approved would be “highly beneficial”, especially because it would increase supply.
Prof Marti’s group hopes to better understand human-to-mosquito transmission of the parasite, which could be targeted by other vaccines. The key, he said, was for efforts to continue.
“Each time breakthroughs come, the danger is people become complacent and the support and political will falls,” he said.
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
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.”
'Ghostbusters: From Beyond'
Director: Jason Reitman
Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace
Rating: 2/5
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.