The United States made a “huge mistake” by launching a fake immunisation programme in its quest to find Osama bin Laden, an expert seeking to eradicate polio has claimed.
Chris Elias, president of the Global Development Division at the Bill and Melinda Gates Foundation, said the CIA plot had fuelled conspiracy theories about vaccines in Pakistan, one of only two countries which continues to report polio cases.
The Microsoft founder's Seattle-based charity has been helping fund efforts to eradicate the disease entirely, with Dr Elias saying the drive had been “99.9 per cent” successful. However, polio has persisted in a few stubborn areas in Pakistan and Afghanistan. There have been 28 cases so far this year, Dr Elias said, compared to 22 in the whole of last year.
Issues around inaccessibility and security had contributed to the situation, he said. However, unfounded rumours about vaccinations, leading to people refusing to have them, had also played a part and these had been “fuelled” by the emergence of the Bin Laden scheme.
In an attempt to confirm their suspicions that Al Qaeda's leader was living in a compound in Pakistan, the US launched an immunisation scheme with the objective of obtaining DNA from a resident in the property that would confirm any family link.
Asked whether he thought it had been legitimate to use a vaccination programme in that way, Dr Elias said: “No. I think there’s a generally accepted principal that humanitarian operations will not be used as cover for intelligence operations. The United States made a huge mistake in violating that principle in its search for Osama bin Laden – there’s no question.
“But at the same time, there’s some things to clarify. That immunisation campaign was not a polio immunisation campaign [it was hepatitis]. It was a ruse to collect DNA, [but] the DNA was never collected and never used, actually, in identifying the links. In the media, and in some movies, it’s been confused as a polio campaign and hence has fuelled some of these rumours.
“It wasn’t a polio campaign, but it was an immunisation campaign, which was unfortunate. Many groups in the public-health community have spoken out about what has for a long time been the accepted principal of not using humanitarian operations as cover. It’s unfortunate it happened and it’s unfortunate the rumours persist. The reality is children suffer when they don’t get the vaccines.”
Dr Elias said he did not believe the scheme to identify Bin Laden, who was killed by US special forces in a raid on the compound in 2011 despite the failure to obtain DNA, was the “main” reason polio had persisted in a small number of cases.
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Read more:
UAE polio vaccination programme reaches 57 million children in Pakistan
Bill Gates: The UAE is a powerful ally in the fight to eradicate diseases that afflict the world's poorest people
National Editorial: The eradication of polio is finally within our grasp
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It was hoped that polio would be eradicated completely this year, although he said the increase in cases should not be seen as statistically significant, given the low numbers. In 1988, there were more than 300,000 cases, meaning humanity is on course to eliminate only the second ever fatal disease, after smallpox. Other myths about polio vaccinations in Pakistan are that it contains pork fat, forbidden for Muslims, or causes infertility.
The Bill and Melinda Gates Foundation has invested about US$4 billion (Dh14.7bn) in Gavi, the vaccines alliance that is holding its midterm review in Abu Dhabi this week, in the past two decades. Polio is one of the diseases that Gavi works to combat. Dr Elias described it as "by far our biggest investment and in many ways our best investment", which shows "Bill and Melinda's understanding of immunisation as one of the 'best buys' in global health".
“For every dollar that we invest in immunisation, we see about $44 return,” he said. “That’s a pretty good return on investment.”
The Gates Foundation – which employs more than 1,500 people, holds more than $50bn in assets and has given out $46bn of grants since it was set up by the Microsoft founder in 2000 – will continue to use its cash to save "the most lives possible at the lowest possible price", Dr Elias said.
As well as immunisation, it is working to improve maternal and child health, to help combat malaria, tuberculosis and HIV, as well as childhood diseases such as pneumonia.
In partnership with the UAE, it is also working to eradicate neglected tropical diseases, which generally only occur in poor countries.
Expanding access to contraception in the developing world is another priority, he said. Asked about religious organisations such as the Catholic Church that have traditionally opposed contraception, Dr Elias said the most important thing is to "listen to women".
“There are 320 million women today in poor countries who are using contraception,” he said. “There is another 210 million women who want to use contraception, but currently don’t have access to the services.
“Many of those women are being advised in different ways by their traditional and religious leaders, and they’re making personal choices to want to time and space their pregnancies.
“Something as simple as spacing pregnancies by three years would cut maternal mortality probably in half and cut child mortality by a third. Most religions do have teachings about commitments to the health of children and families. Providing women and couples the opportunity to space and time their pregnancies is actually part of having a healthy community and a healthy family.”
Previous men's records
- 2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
- 2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
- 2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
- 2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
- 2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
- 2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
- 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
- 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
- 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
- 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
COMPANY%20PROFILE%20
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THE RESULTS
5pm: Maiden (PA) Dh80,000 1,400m
Winner: Alnawar, Connor Beasley (jockey), Helal Al Alawi (trainer)
5.30pm: Maiden (PA) Dh80,000 1,400m
Winner: Raniah, Noel Garbutt, Ernst Oertel
6pm: Handicap (PA) Dh90,000 2,200m
Winner: Saarookh, Richard Mullen, Ana Mendez
6.30pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Rated Conditions Dh125,000 1,600m
Winner: RB Torch, Tadhg O’Shea, Eric Lemartinel
7pm: Al Wathba Stallions Cup Handicap Dh70,000 1,600m
Winner: MH Wari, Antonio Fresu, Elise Jeane
7.30pm: Handicap Dh90,000 1,600m
Winner: Mailshot, Royston Ffrench, Salem bin Ghadayer
Company%20profile
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Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
MIDWAY
Produced: Lionsgate Films, Shanghai Ryui Entertainment, Street Light Entertainment
Directed: Roland Emmerich
Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
Rating: 3.5/5 stars
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.”
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.
'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal
Rating: 3.5/5
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
Gulf Under 19s final
Dubai College A 50-12 Dubai College B