Dozens of healthcare workers taking part in the UAE's Covid-19 vaccine trial have received their first jabs.
The 109 volunteers, drawn from seven hospitals run by VPS Healthcare, are among more than 10,000 people who have already offered to participate in the initiative.
The Phase 3 clinical trial, which began last month, is being led by Abu Dhabi's health department in partnership with Group 42 and Chinese drug maker Sinopharm.
Dr Mohanad Motasim Mohammed, a general practioner at Medeor Hospital Abu Dhabi, said he was eager to be part of a potential solution to a pandemic which has affected the lives of many of his patients.
“Ever since the pandemic was reported, healthcare professionals have been longing for a vaccine," said Dr Mohammed.
"During the last few months, I have seen many patients who have come to me struggling to breathe and fighting other complications.
"Sometimes, I felt desperate at my limitation in helping the patient as we do not have a proper cure for the disease. We are very optimistic about the UAE’s vaccine trial.
"So, when Seha (Abu Dhabi's public hospitals operator) had invited volunteers to participate in the programme, I wanted to be a part of it.
"We hope the clinical trial programme will be a success and will serve as a cure for this raging pandemic.”
Fellow volunteer Gilbert Jr Frias Soriano, a staff nurse at Burjeel Hospital, has welcomed the recent fall in cases in the UAE but knows the battle to overcome Covid-19 is far from won.
“The condition in the UAE has improved and the number of cases has declined significantly. But still, it is too early for us to say that the threat is over," he said.
"We need a vaccine to get out of this. Millions of people across the world are still suffering. Vaccine trials held across the world are our only hope."
Volunteers will be regularly checked by Seha healthcare workers and are to keep a vaccine log to record any symptoms they experience.
They must visit testing centres a minimum of 17 times over roughly 42 days.
They cannot travel abroad during this time. After the trial, they will have regular phone consultations for up to six months.
Dr Lalu Chacko, medical director of Burjeel Hospital Abu Dhabi, said the aim is for 500 VPS Healthcare staff members to sign up for the trial.
VPS Healthcare is one of the largest private care providers in the Emirates.
“We at VPS Healthcare have decided to extend our complete support to the UAE’s clinical trial initiative. It is encouraging to see that our healthcare professionals are voluntarily willing to be a part of the programme," he said.
"Our team will be registering for the 4Humanity program in batches. We are expecting at least 500 of our healthcare staff to be a part of this. We exude hope that the clinical trial programme will yield the desired result.”
Up to 15,000 volunteers are wanted for the trial and they must be in good health and between the ages of 18 to 60. Sheikh Abdullah bin Mohammed Al Hamed, chairman of the Department of Health Abu Dhabi, was the first volunteer to receive the jab.
A new facility was set up at Abu Dhabi National Exhibition Centre this week to serve up to 1,000 vaccine volunteers a day.
The drop-in clinic will allow for potential volunteers to be registered, examined and selected for the programme.
Volunteers for the Abu Dhabi trial can register at 4humanity.ae or by calling 02 819 1111.
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Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
SPECS
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6.30pm: Al Maktoum Challenge Round-1 Group 1 (PA) Dh119,373 (Dirt) 1,600m
Winner: Brraq, Adrie de Vries (jockey), Jean-Claude Pecout (trainer)
7.05pm: Handicap (TB) Dh102,500 (D) 1,200m
Winner: Taamol, Connor Beasley, Ali Rashid Al Raihe.
7.40pm: Handicap (TB) Dh105,000 (Turf) 1,800m
Winner: Eqtiraan, Connor Beasley, Ali Rashid Al Raihe.
8.15pm: UAE 1000 Guineas Trial (TB) Dh183,650 (D) 1,400m
Winner: Soft Whisper, Pat Cosgrave, Saeed bin Suroor.
9.50pm: Handicap (TB) Dh105,000 (D) 1,600m
Winner: Hypothetical, Mickael Barzalona, Salem bin Ghadayer.
9.25pm: Handicap (TB) Dh95,000 (T) 1,000m
Winner: Etisalat, Sando Paiva, Ali Rashid Al Raihe
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Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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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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Abu Dhabi traffic facts
Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road
The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.
Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.
The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.
The highest levels of traffic were found on Sunday, November 10.
Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019
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