• The first patient enrolled in Pfizer's coronavirus vaccine trial at the University of Maryland School of Medicine receives his first shot in May 2020. On Monday, the drug maker said its Phase-3 trials showed it protected 90 per cent of recipients within 28 days of taking the jabs. AP
    The first patient enrolled in Pfizer's coronavirus vaccine trial at the University of Maryland School of Medicine receives his first shot in May 2020. On Monday, the drug maker said its Phase-3 trials showed it protected 90 per cent of recipients within 28 days of taking the jabs. AP
  • Pfizer's headquarters in New York. Shares in the drug maker rose sharply in pre-market trading as news of its breakthrough was released. AFP / Getty
    Pfizer's headquarters in New York. Shares in the drug maker rose sharply in pre-market trading as news of its breakthrough was released. AFP / Getty
  • Reports say Pfizer could produce about 1.3 billion doses by the end of 2021, if the vaccine is approved. Dado Ruvic / Reuters
    Reports say Pfizer could produce about 1.3 billion doses by the end of 2021, if the vaccine is approved. Dado Ruvic / Reuters
  • Germany trial partner BionTech's headquarters in Mainz, Germany. EPA
    Germany trial partner BionTech's headquarters in Mainz, Germany. EPA
  • Reports say Pfizer could produce about 1.3 billion doses by the end of 2021, if the vaccine is approved. Dado Ruvic / Reuters
    Reports say Pfizer could produce about 1.3 billion doses by the end of 2021, if the vaccine is approved. Dado Ruvic / Reuters

Coronavirus: Emirates airline to work with Pfizer to roll out Covid-19 vaccine


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Emirates airline is to partner with global pharmaceutical producer Pfizer to help navigate the challenges of distributing its Covid-19 vaccine.

Emirates president Tim Clark said in an interview with CNBC that the aviation industry is working on establishing the most efficient way to deliver crucial vaccines to the market, once approved.

He said the airline is working closely with Pfizer to develop methods to transport the vaccine.

Last week, drug companies Pfizer and BioNTech announced their coronavirus vaccine is more than 90 per cent effective.

The findings – yet to be peer reviewed – appear to exceed expectations, with reports suggesting that experts thought vaccines would be nearer to 60 per cent or 70 per cent effective.

The data comes from Phase 3 clinical trials, which are continuing.

"The industry is trying to establish best practice involving the third-party supply chain and this logistical exercise, to ensure we get them [vaccines] to the markets that need them so badly, and basically that's the whole planet," Mr Clark told CNBC on Sunday.

“The logistics of distribution of this vaccine of this nature, given the conditions under which it has to be shipped – it’s going to be a challenge for the industry.

“We’re working on trying to move this Pfizer vaccine in specially designed containers on our planes, in our holds, and in the cabins, and keeping them at that level through the distribution point,” Mr Clark said.

Emirates President Tim Clark admits distributing Covid-19 vaccines will represent a logistical challenge. The National
Emirates President Tim Clark admits distributing Covid-19 vaccines will represent a logistical challenge. The National

Mr Clark said there was a unified desire to get vaccines distributed across the world.

A key consideration in the complex process is the fact the vaccine needs to be kept at a temperature between minus 70°C and minus 80°C.

Should the vaccine receive approval for widespread use, a maximum of about 50 million doses would be available this year, with capacity for 1.3 billion more to be manufactured in 2021, according to Pfizer and BioNTech, its German pharmaceutical company trial partner.

While reports indicate the vaccine may cause side effects, such as aches and fever, these are not thought to be worse than what is often seen with other vaccines.

The Pfizer and BioNTech vaccine is one of 11 around the world in Phase 3 clinical trials, which involve thousands of participants, as well as testing for effectiveness and potentially harmful side effects.

In an interview on the BBC's Andrew Marr Show, Prof Ugur Sahin, co-founder of BioNTech, predicted the coming winter would still be problematic, but the effects of the new drug would have an early and increasingly positive effect.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

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UAE squad to face Ireland

Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

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Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.

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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Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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UAE rugby season

FIXTURES

West Asia Premiership

Dubai Hurricanes v Dubai Knights Eagles

Dubai Tigers v Bahrain

Jebel Ali Dragons v Abu Dhabi Harlequins

UAE Division 1

Dubai Sharks v Dubai Hurricanes II

Al Ain Amblers v Dubai Knights Eagles II

Dubai Tigers II v Abu Dhabi Saracens

Jebel Ali Dragons II v Abu Dhabi Harlequins II

Sharjah Wanderers v Dubai Exiles II

 

LAST SEASON

West Asia Premiership

Winners – Bahrain

Runners-up – Dubai Exiles

UAE Premiership

Winners – Abu Dhabi Harlequins

Runners-up – Jebel Ali Dragons

Dubai Rugby Sevens

Winners – Dubai Hurricanes

Runners-up – Abu Dhabi Harlequins

UAE Conference

Winners – Dubai Tigers

Runners-up – Al Ain Amblers

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

UAE currency: the story behind the money in your pockets