• People queue for the vaccine near DIFC. The city has approved Pfizer-BioNTech, Sinopharm and Oxfrd-AstraZeneca for use, and officials hope to have half the population vaccinated by late March. AFP
    People queue for the vaccine near DIFC. The city has approved Pfizer-BioNTech, Sinopharm and Oxfrd-AstraZeneca for use, and officials hope to have half the population vaccinated by late March. AFP
  • Abu Dhabi has vaccinated at least 60 per cent of teachers and school staff, many during a week-long vaccine drive in late January. Courtesy: Adek
    Abu Dhabi has vaccinated at least 60 per cent of teachers and school staff, many during a week-long vaccine drive in late January. Courtesy: Adek
  • A man receives a dose of a vaccine against Covid-19 at St Paul’s Church in Abu Dhabi. Khushnum Bhandari / The National
    A man receives a dose of a vaccine against Covid-19 at St Paul’s Church in Abu Dhabi. Khushnum Bhandari / The National
  • A vaccine is administered at Bareen International Hospital in Mohamed Bin Zayed City, Abu Dhabi. Courtesy: Bareen hospital
    A vaccine is administered at Bareen International Hospital in Mohamed Bin Zayed City, Abu Dhabi. Courtesy: Bareen hospital
  • Abu Dhabi has vaccinated at least 60 per cent of teachers and school staff, many during a week-long vaccine drive in late January. Courtesy: Adek
    Abu Dhabi has vaccinated at least 60 per cent of teachers and school staff, many during a week-long vaccine drive in late January. Courtesy: Adek
  • Airport personnel unload a coronavirus vaccine shipment at Dubai International Airport on February 1, 2021. AFP
    Airport personnel unload a coronavirus vaccine shipment at Dubai International Airport on February 1, 2021. AFP
  • An Emirates Airlines Boeing 777 unloads a coronavirus vaccine shipment at Dubai International Airport on February 1, 2021. The airline is part of the Vaccine Logistics Alliance, which includes also logistics giant DP World. Karim Sahib / AFP
    An Emirates Airlines Boeing 777 unloads a coronavirus vaccine shipment at Dubai International Airport on February 1, 2021. The airline is part of the Vaccine Logistics Alliance, which includes also logistics giant DP World. Karim Sahib / AFP
  • People wait to enter a vaccination centre at Dubai's financial district on January 24, 2021. AFP
    People wait to enter a vaccination centre at Dubai's financial district on January 24, 2021. AFP
  • People queue for the vaccine near DIFC. The city has approved Pfizer-BioNTech, Sinopharm and Oxfrd-AstraZeneca for use, and officials hope to have half the population vaccinated by late March. AFP
    People queue for the vaccine near DIFC. The city has approved Pfizer-BioNTech, Sinopharm and Oxfrd-AstraZeneca for use, and officials hope to have half the population vaccinated by late March. AFP
  • A teacher gives a thumbs up as he receives the Sinopharm vaccine in Abu Dhabi. Courtesy: Department of Education and Knowledge
    A teacher gives a thumbs up as he receives the Sinopharm vaccine in Abu Dhabi. Courtesy: Department of Education and Knowledge
  • A placard informs the public of the location of a designated Covid-19 vaccination centre in Dubai's financial centre district. AFP
    A placard informs the public of the location of a designated Covid-19 vaccination centre in Dubai's financial centre district. AFP
  • People in Dubai queue for a vaccine on January 24, 2021. AFP
    People in Dubai queue for a vaccine on January 24, 2021. AFP

Coronavirus: 'war capacity' of vaccine production offers great hope for the future, says Novavax chief


Nick Webster
  • English
  • Arabic

A “war capacity” of global vaccine manufacturing will ensure populations are less vulnerable to future pandemics, the head of US vaccine provider Novavax said.

Efforts are under way to launch the Novavax protein-based Covid-19 vaccine candidate that has proven 89 per cent effective against the virus, with a commitment to deliver a billion doses to the global Covax initiative.

Trials conducted in the US, UK and South Africa have proven effective against new coronavirus strains, with focus to be placed on low to middle income nations where vaccines have been scarce up to now.

While 100 days could be a challenge, developing a new vaccine in anything under a year is still impressive

“We are trying to get the vaccine out as quickly as possible,” said Stanley Erck, president and chief executive of Novavax.

“We started working on pandemic vaccines a decade ago. This is our third coronavirus vaccine after Sars and Mers, all using the same platform, using the same spike protein.

“Once the first efficacy data was out from Pfizer and Moderna that was phenomenal news.

“It gave us the confidence that spike protein was the right way to go.

“It has been a great example of what the industry can do.”

Stanley Erck, president and chief executive officer of Novavax. Photo: Kevin Dietsch/UPI/Bloomberg
Stanley Erck, president and chief executive officer of Novavax. Photo: Kevin Dietsch/UPI/Bloomberg

Novavax is a two-dose vaccine stored in a standard refrigerator with high potential to distribute to low to middle income counties from 10 sites across the world, manufacturing 150 million doses a month.

A first approval is likely in the UK where a phase three trial has completed with 96 per cent efficacy against the original Wuhan strain of the virus.

The vaccine has proven to be 86 per cent effective against the UK strain and more than 50 per cent effective on the South African strain of Covid-19.

The only way to stop deaths is to share vaccines around the world

“The issue for the future to have vaccines on a faster basis will remain a challenge,” said Mr Erck.

“While 100 days could be a challenge, developing a new vaccine in anything under a year is still impressive.

“A global networks of manufacturing capacity is being built up, with 'war capacity' plans that can be turned on overnight.”

In 2019 the World Health Organisation said vaccine hesitancy was one of the biggest threats to global health.

A further challenge to worldwide immunisation is that the majority of vaccines - some 75 per cent - produced so far have been delivered to just 10 nations.

“The only way to stop deaths is to share vaccines around the world,” said Dr Soumya Swaminathan, chief scientist, WHO.

“It has been an unprecedented scientific accomplishment that will set the bar higher for the future with new pathogens.

“This has come from investment over the last decade into new R&D platforms that have allowed us to re-engineer existing vaccines with the new genetic sequences for Covid-19.

“The enormous collaboration between governments, academia and the private sector to facilitate clinical trials has been hugely significant.”

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

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Tranquillity Base Hotel Casino (Domino) 

 

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.

UAE currency: the story behind the money in your pockets
MATCH INFO

Real Madrid 2 (Benzema 13', Kroos 28')
Barcelona 1 (Mingueza 60')

Red card: Casemiro (Real Madrid)

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Dunki
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The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

Section 375

Cast: Akshaye Khanna, Richa Chadha, Meera Chopra & Rahul Bhat

Director: Ajay Bahl

Producers: Kumar Mangat Pathak, Abhishek Pathak & SCIPL

Rating: 3.5/5

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UAE currency: the story behind the money in your pockets
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