AstraZeneca’s coronavirus vaccine received a major boost on Monday after data from a large trial showed it was safe and effective.
The trials in the US, Chile and Peru showed the vaccine was 79 per cent effective at preventing symptomatic Covid-19 and could bolster confidence in the product after confusion over its efficacy data, dosing regimen and possible side-effects.
They also showed the AstraZeneca drug offered 100 per cent protection against severe disease.
The shot has raised concern in Europe about a possible link to very rare blood clots.
A survey on Monday found Europeans remained sceptical about its safety.
More than a dozen states suspended use of the vaccine over fear about blood clots, although most have resumed its use.
The European Medicines Agency and the WHO ruled the AstraZeneca drug safe and effective.
European countries have also been involved in a row with the pharmaceutical firm over delivery of doses and the EU has threatened to block exports.
Leaders in Asia sought to boost public confidence by taking the AstraZeneca shot themselves amid concerns a slowdown in vaccination distribution could hurt the fight against Covid-19, which has killed more than 2.8 million people worldwide.
The AstraZeneca shot was among the first and cheapest of the Covid-19 vaccines to be developed and launched at volume and is set to be the mainstay of vaccination programmes in many poorer countries.
A total of 32,449 people across all age groups took part in the phase-three trial, with 141 cases of symptomatic Covid-19 reported.
Results showed that among people aged 65 and over, there was 80 per cent protection against developing Covid-19.
The degree of effectiveness against symptomatic Covid-19 was even higher than observed in the Oxford-led clinical trials.
DSMB, an independent data safety monitoring board, also identified no safety concerns relating to the vaccine.
It conducted a specific review of thrombotic events, as well as cerebral venous sinus thrombosis, the specific type of brain blood clot that has been troubling Europe.
The DSMB found no increased risk of thrombosis among the 21,583 participants receiving at least one dose of the vaccine. The specific search for CVST found no cases in this trial.
Andrew Pollard, professor of paediatric infection and immunity and lead investigator of the University of Oxford trial of the vaccine, said: “These results are great news as they show the remarkable efficacy of the vaccine in a new population and are consistent with the results from Oxford-led trials.
“We can expect strong impact against Covid-19 across all ages and for people of all different backgrounds from widespread us of the vaccine.”
Sarah Gilbert, professor of vaccinology and co-designer of the vaccine, said the new findings “provide further confirmation of the safety and effectiveness” of the drug.
“In many different countries and across age groups, the vaccine is providing a high level of protection against Covid-19 and we hope this will lead to even more widespread use of the vaccine in the global attempts to bring the pandemic to an end.”
AstraZeneca will submit data to the US Food and Drug Administration and seek emergency approval for use. The US was waiting for the latest results before considering use of the vaccine.
On Europe’s concerns, Prof Gilbert said: “I’d say the balance remains hugely in favour of using this vaccine. Across Europe there are thousands of deaths a day occurring from Covid.
“It’s really important that we get the chance to protect people as quickly as possible, this vaccine is available for use in Europe and it will save lives.”
Ann Falsey, professor of medicine at the University of Rochester School of Medicine in the US and co-lead principal investigator for the trial, said it was “exciting to see similar efficacy results in people over 65 for the first time”.
“This analysis validates the AstraZeneca Covid-19 vaccine as a much-needed additional vaccination option, offering confidence that adults of all ages can benefit from protection against the virus.”
The US trial saw two doses given four weeks apart, whereas previous trials showed an extended interval of up to 12 weeks demonstrated greater efficacy.
AstraZeneca said an interval longer than four weeks – as is happening in the UK – can increase efficacy and “accelerates the number of people who can receive their first dose”.
As part of an agreement with Oxford University, AstraZeneca is supplying the vaccine on a not-for-profit basis for the duration of the pandemic and in perpetuity for low and middle-income countries.
The news comes as polling for YouGov suggests a drop in confidence in the safety of the vaccine in the last two weeks in Spain, Germany, France and Italy.
About 55 per cent of Germans said the AstraZeneca vaccine was unsafe while 32 per cent said it was safe.
AstraZeneca’s vaccine was already considered unsafe in France but concerns have increased even further, with 61 per cent saying it is unsafe while 23 per cent say it is safe, the survey of almost 9,000 people in seven countries found.
“After concerns about its protection and potency were raised by leaders across Europe, the Oxford-AstraZeneca vaccine has undoubtedly suffered damage to its reputation for safety on the continent,” Matt Smith, lead data journalist at YouGov, said.
“Not only have we seen considerable rises in those who consider it unsafe in the last two weeks in Europe, the AstraZeneca vaccine continues to be seen as substantially less safe than its Pfizer and Moderna counterparts.”
The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
THE BIO
Ambition: To create awareness among young about people with disabilities and make the world a more inclusive place
Job Title: Human resources administrator, Expo 2020 Dubai
First jobs: Co-ordinator with Magrudy Enterprises; HR coordinator at Jumeirah Group
Entrepreneur: Started his own graphic design business
Favourite singer: Avril Lavigne
Favourite travel destination: Germany and Saudi Arabia
Family: Six sisters
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
The Case For Trump
By Victor Davis Hanson
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Tightening the screw on rogue recruiters
The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.
Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.
A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.
The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.
The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.
Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.
Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment
But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.
WORLD CUP SEMI-FINALS
England v New Zealand
(Saturday, 12pm UAE)
Wales v South Africa
(Sunday, 12pm, UAE)
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
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5