Distribution of the first UAE-made Covid-19 vaccine is under way.
Hayat-Vax, a the locally-produced version of the Sinopharm vaccine, is a key part of the UAE's wide-ranging strategy to support inoculation drives both at home and abroad.
Vials began rolling off the production line in March, and there are plans in place to increase capacity to 2 million doses a month.
On Monday, the National Emergency Crisis and Disasters Management Authority announced distribution of the vaccine had begun.
No further details on where the first batches of the vaccine will initially be delivered to were confirmed.
The Sinopharm vaccine was given approval for emergency use by the World Health Organisation last week.
That opened the door to its wide distribution in lower-income nations by adding the vaccine to the Covax programme, which provides equitable access to vaccines against Covid-19.
The National explains everything you need to know about Hayat-Vax.
Where is the vaccine being produced in the UAE?
At Emirati drug maker Julphar's plant in Ras Al Khaimah under the brand name Hayat-Vax. Hayat means "life" in Arabic.
The UAE began producing the vaccine after striking a deal with China to permit Abu Dhabi's Group 42 and Julphar to manufacture the vaccine.
UAE to play role in Covax drive
In March, Sheikh Abdullah bin Zayed, Minister for Foreign Affairs and International Co-operation, said the UAE would support the Covax drive to provide affordable doses to the developing world.
"We believe that every person has the right to obtain the vaccine without discrimination," he said at an online conference hosted by the Hope Consortium, an Abu Dhabi-based logistics collective set up to deliver vaccines around the world.
Experts have said that help is much needed.
As of last week, Covax had only shipped about 50 million of the two billion doses it aims to distribute globally this year.
India was expected to supply half of the total with its Covishield vaccine, a locally-produced version of the AstraZeneca vaccine, but it has stopped exports due to the surge in new cases there.
Deliveries by Pfizer-BioNTech have reportedly been limited, and Johnson & Johnson’s vaccine has not yet shipped. Moderna’s vaccine was only listed by the WHO shortly before the Sinopharm vaccine.
Hayat-Vax, which can be kept at normal fridge temperatures, is easier to use in low income countries than the mRNA vaccines, which need ultra-cold storage.
Most of Africa, for example, relies on Covax for its supply. It lacks the infrastructure to store Pfizer-BioNTech and Moderna vaccines, making Hayat-Vax more suitable for distribution there.
Where is the Sinopharm vaccine in use?
It has been approved for use in 45 countries and more than 65 million doses have been administered so far.
The UAE became the first country in the world to grant approval to the vaccine, after a successful large-scale Phase 3 clinical trial. The vaccine was found to have 78 per cent efficacy by WHO.
The vaccine is 100 per cent effective at preventing death, 93 per cent effective in preventing the need for hospitalisation care and 95 per cent effective against admission to intensive care, according to research conducted in Abu Dhabi, where the vaccine has accounted for the overwhelming bulk of Covid-19 shots.
It was the sole vaccine used in Abu Dhabi until the Pfizer-BioNTech was approved last month.
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
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May 2017
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Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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