About one in three Covid-19 cases in the UAE is of the highly infectious Delta variant, UAE authorities said on Sunday.
Officials said the number of deaths in the country had increased and this was attributable to the spread of mutations, not following rules and failing to take a vaccine.
The figure was released during a special Covid-19 briefing on Sunday, when authorities stressed the importance of taking both shots to ensure full protection.
And new statistics provided in the briefing were a testament to the important of vaccination.
Most deaths occurred in those unvaccinated – 94 per cent – while the percentage in those immunised was just six, the briefing heard.
Most cases – 84 per cent – affect those unvaccinated, while the percentage of people admitted to hospital who had not been immunised was 89 per cent.
These rates are also evident in cases admitted to intensive care, where non-vaccinated people account for 92 per cent of cases, the briefing heard.
The most common strain found in the UAE is the Beta strain – 39.2 per cent – followed by Delta at 33.9 per cent and lastly Alpha with 11.3 per cent.
Data received from some countries show the risk of hospital admission doubles after infection with the Delta variant compared with Alpha, especially in those with underlying health conditions.
It also heard the UAE has provided a Covid-19 vaccine to more than 71 per cent of the total population, which represents 91.8 per cent of the eligible category.
Officials also addressed taking another regimen of a different vaccine, but said people must consult their doctors.
The briefing was led by Farida Al Hosani, spokeswoman for the UAE health sector.
It was also confirmed that Al Hosn was working as normal. The smartphone app tracks vaccination status, Covid-19 results and whether or not a PCR test is still valid.
“It is currently working efficiently and effectively as usual and all users can get the results of the PCR nasal swab, DPI laser blood test and vaccination status through the application,” the National Emergency, Crisis and Disaster Management Authority (Ncema) posted on Twitter. The Ncema account posts key elements of the briefing on its social media pages.
The briefing also heard that health officials advise against overseas travel if you are not vaccinated.
It urged people to follow rules in the country of destination if going abroad.
Mass testing and one of the world’s fastest vaccination drives have helped the UAE curb the spread of the coronavirus.
Cases have increased to more than 2,000 but are down from close to 4,000 in January.
Authorities have administered more than 15 million vaccine doses and conducted about 56.65m tests.
On Thursday, Abu Dhabi announced it had immunised all public bus drivers and more than 80 per cent of taxi drivers.
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COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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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UAE squad to face Ireland
Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
NINE WINLESS GAMES
Arsenal 2-2 Crystal Palace (Oct 27, PL)
Liverpool 5-5 Arsenal (Oct 30, EFL)
Arsenal 1-1 Wolves (Nov 02, PL)
Vitoria Guimaraes 1-1 Arsenal (Nov 6, Europa)
Leicester 2-0 Arsenal (Nov 9, PL)
Arsenal 2-2 Southampton (Nov 23, PL)
Arsenal 1-2 Eintracht Frankfurt (Nov 28, Europa)
Norwich 2-2 Arsenal (Dec 01, PL)
Arsenal 1-2 Brighton (Dec 05, PL)
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A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5