A potential Covid-19 vaccine entered final-stage clinical trials in the UAE to test the effectiveness of the jab in thousands of volunteers.
The vaccine was developed by Chinese state-owned manufacturer Sinopharm and is being tested on 5,000 volunteers in Abu Dhabi and 15,000 people could eventually be involved.
Sheikh Abdullah bin Mohammed Al Hamed, chairman of the Department of Health Abu Dhabi, was the first volunteer to receive the jab. Others have since joined the trial.
It is one of dozens of vaccines in development against Covid-19. But how does it work?
And when is a vaccine against the disease expected to be available to the public?
Here we explain:
The vaccine being trialled in Abu Dhabi is 'inactivated'. What does that mean?
It is one type of vaccine designed to protect people against the disease. It uses a “killed” version of the virus that causes the illness.
The downside is inactivated vaccines do not generally provide protection that is as strong as live-attenuated vaccines, which use a weakened form of the virus.
Because inactivated vaccines are less like the natural infections they are designed to prevent, several doses can be required to provide ongoing protection.
They can, however, be extremely effective. For example, cases of Meningitis B plummeted in the UK after the introduction of an inactivated vaccine, which protects against almost 90 per cent of strains of the disease.
Between 2015 and 2018, an estimated 277 out of an expected 446 cases of the disease were prevented because of the programme, according to health authorities in the UK.
How many Covid-19 vaccines are in there in development around the world?
More than 140 vaccines are at various stages of development. Only three are in phase 3 trials, which is the final stage before manufacturing.
They include the Sinopharm vaccine being tested in Abu Dhabi, which generated neutralising antibodies in 100 per cent of volunteers in the first two phases of the clinical trials, according to the manufacturer.
Researchers called the pursuit of neutralising antibodies the “holy grail” of viral vaccines.
But because Covid-19 is relatively new, researchers say it is not known whether neutralising antibodies will be enough to protect people from the disease, or whether another part of the immune system, such as T cells, will be important in clearing the infection.
The phase 3 trial of the Abu Dhabi vaccine will address this by testing whether it is effective in a large group of people.
How long do vaccines normally take to develop?
Years. A mumps vaccine was the fastest to be approved, but it took four years from the collection of viral samples to the licensing of the medicine in 1967.
Researchers are trying to speed up the process for a Covid-19 vaccine, but there are reasons to be cautious. Models showed that some preliminary vaccines against Sars, a cousin of the virus that causes Covid-19, enhanced the infection.
What is the approval process?
Vaccines have to successfully pass through three phases of clinical trials.
In the first phase, between 20 to 100 healthy volunteers receive the vaccine to determine whether it is safe or has any serious side effects, according to the US Centres for Disease Control and Prevention.
The number of recipients expands to “several hundred” in phase 2, which examines the most common short-term side effects and how volunteers’ immune systems react to the vaccine.
In phase 3, hundreds or thousands of volunteers receive the vaccine. This helps researchers determine how people who get it compare with those who do not.
The UAE was chosen for the phase 3 trial because of its diverse population, which comprises more than 200 nationalities. That will give researchers a glimpse into the effects of the vaccine on several ethnic groups.
What happens during a phase 3 trial?
Once the volunteers receive their vaccine, they will be asked to monitor their symptoms.
Officials behind the Abu Dhabi trial said anyone who received the vaccine would be closely monitored for up to year and asked to keep a "vaccine diary" to record any symptoms.
When is a vaccine against Covid-19 expected to be ready?
Experts expect a vaccine to be available by mid-2021, about 12 to 18 months after the virus was first detected.
But some say it could happen sooner.
Dr Anthony Fauci, a member of the US coronavirus task force, said a vaccine could be available at the end of 2020 or the start of 2021.
Killing of Qassem Suleimani
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
EA Sports FC 24
MATCH INFO
Barcelona v Real Madrid, 11pm UAE
Match is on BeIN Sports
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Four-day collections of TOH
Day Indian Rs (Dh)
Thursday 500.75 million (25.23m)
Friday 280.25m (14.12m)
Saturday 220.75m (11.21m)
Sunday 170.25m (8.58m)
Total 1.19bn (59.15m)
(Figures in millions, approximate)
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COMPANY%20PROFILE
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THE SPECS
2020 Toyota Corolla Hybrid LE
Engine: 1.8 litre combined with 16-volt electric motors
Transmission: Automatic with manual shifting mode
Power: 121hp
Torque: 142Nm
Price: Dh95,900
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.”
THE SPECS
Jaguar F-Pace SVR
Engine: 5-litre supercharged V8
Transmission: 8-speed automatic
Power: 542bhp
Torque: 680Nm
Price: Dh465,071
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The biog
Name: Shamsa Hassan Safar
Nationality: Emirati
Education: Degree in emergency medical services at Higher Colleges of Technology
Favourite book: Between two hearts- Arabic novels
Favourite music: Mohammed Abdu and modern Arabic songs
Favourite way to spend time off: Family visits and spending time with friends