• A Covid-19 patient arrives by ambulance at a public hospital in Brasilia, Brazil. AFP
    A Covid-19 patient arrives by ambulance at a public hospital in Brasilia, Brazil. AFP
  • A man gets a haircut as fresh snow falls in Chicago, US. AP Photo
    A man gets a haircut as fresh snow falls in Chicago, US. AP Photo
  • A resident awaits her turn for a first dose of Russia’s Sputnik V at a vaccination site set up at the Luna Park arena in Buenos Aires, Argentina. AP Photo
    A resident awaits her turn for a first dose of Russia’s Sputnik V at a vaccination site set up at the Luna Park arena in Buenos Aires, Argentina. AP Photo
  • People fly a kite during celebrations of Clean Monday at Filopappou hill as the Parthenon temple is seen atop the Acropolis hill in Athens, Greece. Reuters
    People fly a kite during celebrations of Clean Monday at Filopappou hill as the Parthenon temple is seen atop the Acropolis hill in Athens, Greece. Reuters
  • Civil servants in protective gear enter the lobby of a residential building during an 'ambush-style lockdown' in Hong Kong, China. EPA
    Civil servants in protective gear enter the lobby of a residential building during an 'ambush-style lockdown' in Hong Kong, China. EPA
  • Labour Party leader Keir Starmer speaks with nurses and midwives inside a pop-up dome during a visit to the Whittington hospital in London, England. Getty Images
    Labour Party leader Keir Starmer speaks with nurses and midwives inside a pop-up dome during a visit to the Whittington hospital in London, England. Getty Images
  • Streets are almost empty in front of the Ancient Colosseum in central Rome, as three-quarters of Italians entered a strict lockdown. AFP
    Streets are almost empty in front of the Ancient Colosseum in central Rome, as three-quarters of Italians entered a strict lockdown. AFP
  • The Termini Railway Station vaccination centre in Rome closes its doors after Italian drugs agency AIFA suspended the use of the AstraZeneca shot. EPA
    The Termini Railway Station vaccination centre in Rome closes its doors after Italian drugs agency AIFA suspended the use of the AstraZeneca shot. EPA
  • A school employee checks the body temperature of a pupil in Srinagar, the summer capital of Indian Kashmir. EPA
    A school employee checks the body temperature of a pupil in Srinagar, the summer capital of Indian Kashmir. EPA

Serum Institute chief sounds alarm over vaccine raw materials shortage


Ramola Talwar Badam
  • English
  • Arabic

Export curbs by the US on raw materials critical for Covid-19 shots will slow global efforts to inoculate people, the head of the world’s largest vaccine producer said.

Adar Poonawalla, chief executive of the Serum Institute of India, expressed concern that his company and others would face shortages of vital supplies after the Biden administration placed export controls on them to boost domestic vaccine production.

"We are all hoping here in this part of the world that [Biden] looks at a more global perspective and allows a relaxation, even if it is a temporary one, for filters, bags and these key raw materials that are only sourced from the US," he said during an interview with the BBC's Hard Talk.

It's going to take at least two years before we reach a 50 per cent mark

Mr Poonawalla said the supplies were required by manufacturers to vaccinate the global community.

The interview was filmed before some countries paused the use of AstraZeneca’s vaccine citing blood clot fears.

Last week, the White House said it had used the Korean War-era US Defence Production Act, which prevents the export of materials to prioritise local production, to help drugmaker Merck make Johnson & Johnson’s Covid-19 vaccine.

SII is producing the vaccine developed by the University of Oxford and AstraZeneca at its factory in Pune, western India.

By January, the company has already released 95 million doses, half of them for local use, with monthly production set to increase from May to 100 million doses, from 60 million.

Mr Poonawalla also called for global harmonisation of regulations so vials could be distributed faster.

“If they all get together – India, China, Russia, US, UK and other regions – we will be able to shave off months between having the product ready and it being shipped out,” he said.

Each regulator required data to be submitted in different formats, adding weeks to the process, he said.

He repeated warnings that it was unlikely half the world's population would be immunised against Covid-19 by 2022.

“It’s going to take at least two years before we reach a 50 per cent mark, especially now, when we see the kind of capacity available and the way countries are able to vaccinate at a certain speed and pace.”

Researchers have said that not all 7.8 billion people on Earth must be vaccinated to halt the pandemic. Studies show that between 25 to 50 per cent of the population, need to be immunised to reach herd immunity.

Mr Poonawalla said he had begun building a factory to produce vaccines for Covid-19 variants and as forward planning for the next pandemic.

This was in reference to comments by Microsoft co-founder Bill Gates, who has called for a global reserve to cope with future outbreaks.

SII has plans for a factory that could make a billion doses within months, but needs major funding from governments.

“I will eventually go to governments and offer this to different regional governments so they don’t have to build their own facilities which might become too costly and impossible for them to do,” Mr Poonawalla said.

“That is exactly what I’m planning to do, God forbid, for the next pandemic or even as this pandemic continues and drags on with various different mutated strains where you might need new vaccines to be produced at short notice.”

India’s vaccine drive – in pictures

  • Madhura Patil, a health worker, gestures as she receives the Covid-19 vaccine in the presence of Maharashtra chief minister Uddhav Thackeray, standing beside her, in Mumbai, India. AP Photo
    Madhura Patil, a health worker, gestures as she receives the Covid-19 vaccine in the presence of Maharashtra chief minister Uddhav Thackeray, standing beside her, in Mumbai, India. AP Photo
  • A woman is vaccinated against Covid-19 at Rajawadi Hospital in Mumbai, India. EPA
    A woman is vaccinated against Covid-19 at Rajawadi Hospital in Mumbai, India. EPA
  • An Indian health worker holds up the Covishield Covid-19 vaccine, developed by Oxford University and Astra-Zeneca and manufactured by the Serum Institute of India, at the Government General Hospital in Jayanagar, Bangalore. EPA
    An Indian health worker holds up the Covishield Covid-19 vaccine, developed by Oxford University and Astra-Zeneca and manufactured by the Serum Institute of India, at the Government General Hospital in Jayanagar, Bangalore. EPA
  • A beneficiary gets the first dose of a Covid-19 vaccine shot manufactured by Serum Institute of India at Rajawadi Hospital in Mumbai, India. EPA
    A beneficiary gets the first dose of a Covid-19 vaccine shot manufactured by Serum Institute of India at Rajawadi Hospital in Mumbai, India. EPA
  • A Kashmiri doctor receives a Covid-19 vaccine at a government hospital in Srinagar, Kashmir. AP Photo
    A Kashmiri doctor receives a Covid-19 vaccine at a government hospital in Srinagar, Kashmir. AP Photo
  • A doctor carries a freezer box with Covid-19 vaccine at the King Koti hospital in Hyderabad. AFP
    A doctor carries a freezer box with Covid-19 vaccine at the King Koti hospital in Hyderabad. AFP
  • Medical workers wait to be inoculated with a Covid-19 vaccine at the King Koti hospital in Hyderabad. AFP
    Medical workers wait to be inoculated with a Covid-19 vaccine at the King Koti hospital in Hyderabad. AFP
  • Sanitation worker Manish Kumar, who according to the officials is the first person in India to be vaccinated against Covid-19, receives a dose of Bharat Biotech's Covaxin vaccines at the All India Institute of Medical Sciences (AIIMS) hospital in New Delhi. Reuters
    Sanitation worker Manish Kumar, who according to the officials is the first person in India to be vaccinated against Covid-19, receives a dose of Bharat Biotech's Covaxin vaccines at the All India Institute of Medical Sciences (AIIMS) hospital in New Delhi. Reuters
  • Medical workers wait to be inoculated against Covid-19 at a hospital in New Delhi. AFP
    Medical workers wait to be inoculated against Covid-19 at a hospital in New Delhi. AFP
  • A security guard keeps watch at a Covid-19 vaccination centre New Delhi. AFP
    A security guard keeps watch at a Covid-19 vaccination centre New Delhi. AFP
  • Health workers queue to receive the Covid-19 vaccine in Mumbai. AFP
    Health workers queue to receive the Covid-19 vaccine in Mumbai. AFP
  • A medical worker prepares to inoculate a doctor with a Covid-19 vaccine at the Urban Primary Health Centre in Kolkata. AFP
    A medical worker prepares to inoculate a doctor with a Covid-19 vaccine at the Urban Primary Health Centre in Kolkata. AFP
  • Employees wearing protective masks wait to welcome health workers at the Dr R N Cooper Municipal General Hospital in Mumbai, India. Bloomberg
    Employees wearing protective masks wait to welcome health workers at the Dr R N Cooper Municipal General Hospital in Mumbai, India. Bloomberg
Day 2, stumps

Pakistan 482

Australia 30/0 (13 ov)

Australia trail by 452 runs with 10 wickets remaining in the innings

The specs: Fenyr SuperSport

Price, base: Dh5.1 million

Engine: 3.8-litre twin-turbo flat-six

Transmission: Seven-speed automatic

Power: 800hp @ 7,100pm

Torque: 980Nm @ 4,000rpm

Fuel economy, combined: 13.5L / 100km

Our legal consultants

Name: Hassan Mohsen Elhais

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

UAE SQUAD

 

Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani

Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Mohammed Al Attas

Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah

Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue

Brighton 1
Gross (50' pen)

Tottenham 1
Kane (48)

The Al Barzakh Festival takes place on Wednesday and Thursday at 7.30pm in the Red Theatre, NYUAD, Saadiyat Island. Tickets cost Dh105 for adults from platinumlist.net

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%3Cp%3E-%20Congress%20is%20one%20of%20three%20branches%20of%20the%20US%20government%2C%20and%20the%20one%20that%20creates%20the%20nation's%20federal%20laws%3C%2Fp%3E%0A%3Cp%3E-%20Congress%20is%20divided%20into%20two%20chambers%3A%20The%20House%20of%20Representatives%20and%20the%20Senate%3C%2Fp%3E%0A%3Cp%3E-%C2%A0The%20House%20is%20made%20up%20of%20435%20members%20based%20on%20a%20state's%20population.%20House%20members%20are%20up%20for%20election%20every%20two%20years%3C%2Fp%3E%0A%3Cp%3E-%20A%20bill%20must%20be%20approved%20by%20both%20the%20House%20and%20Senate%20before%20it%20goes%20to%20the%20president's%20desk%20for%20signature%3C%2Fp%3E%0A%3Cp%3E-%20A%20political%20party%20needs%20218%20seats%20to%20be%20in%20control%20of%20the%20House%20of%20Representatives%3C%2Fp%3E%0A%3Cp%3E-%20The%20Senate%20is%20comprised%20of%20100%20members%2C%20with%20each%20state%20receiving%20two%20senators.%20Senate%20members%20serve%20six-year%20terms%3C%2Fp%3E%0A%3Cp%3E-%20A%20political%20party%20needs%2051%20seats%20to%20control%20the%20Senate.%20In%20the%20case%20of%20a%2050-50%20tie%2C%20the%20party%20of%20the%20president%20controls%20the%20Senate%3C%2Fp%3E%0A
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.

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

The five pillars of Islam
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

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m. Winner: Majd Al Megirat, Sam Hitchcott (jockey), Ahmed Al Shehhi (trainer)

5.30pm: Handicap (PA) Dh80,000 (T) 1,600m. Winner: Dassan Da, Patrick Cosgrave, Helal Al Alawi

6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000 (T) 1,400m. Winner: Heba Al Wathba, Richard Mullen, Jean de Roualle

6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000 (T) 1,400m. Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m. Winner: Jawal Al Reef, Richard Mullen, Ahmed Al Mehairbi

Handicap (TB) Dh100,000 (T) 2,200m. Winner: Harbour Spirit, Adrie de Vries, Jaber Ramadhan.