Professor Bobby Gaspar, professor of paediatrics and immunology at Great Ormond Street Hospital, delivered a lecture on the advancements in children's medical care at the Mohamed bin Zayed Majilis in Abu Dhabi. Ministry of Presidential Affairs
Professor Bobby Gaspar, professor of paediatrics and immunology at Great Ormond Street Hospital, delivered a lecture on the advancements in children's medical care at the Mohamed bin Zayed Majilis in Abu Dhabi. Ministry of Presidential Affairs
Professor Bobby Gaspar, professor of paediatrics and immunology at Great Ormond Street Hospital, delivered a lecture on the advancements in children's medical care at the Mohamed bin Zayed Majilis in Abu Dhabi. Ministry of Presidential Affairs
Professor Bobby Gaspar, professor of paediatrics and immunology at Great Ormond Street Hospital, delivered a lecture on the advancements in children's medical care at the Mohamed bin Zayed Majilis in

UAE-funded research centre to help doctors make life-saving breakthroughs for sick children


Haneen Dajani
  • English
  • Arabic

A new UAE-backed research centre will help doctors develop cures for children battling rare diseases "quicker than ever before", said a senior professor at one of the world's leading hospitals.

Bobby Gaspar, professor of paediatrics and immunology at Great Ormond Street Hospital in London, said the Zayed Centre for Research into Rare Diseases in Children will support hundreds of clinicians and researchers to make vital medical breakthroughs to improve the lives of countless children when it opens in July.

The facility, which is to be based in London, benefitted from a £60 million (Dh278m) donation from Sheikha Fatima bint Mubarak, the wife of the UAE's Founding Father Sheikh Zayed, and chairwoman of the General Women’s Union.

“The work that will take place in the Zayed Centre for Research will enable us to make breakthroughs and develop cures for rare diseases quicker than ever before, giving children everywhere the chance of a longer and fuller life,” said Prof Gaspar.

The centre, to be run in partnership with Great Ormond Street Hospital and the Great Ormond Street Hospital Children’s Charity, will drive forward research into rare disease such as childhood cancers, cystic fibrosis and muscular dystrophy.

The professor told an audience including Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces and King Abdullah II of Jordan, that the human body itself holds the key to combating a whole host of diseases.

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, watches the lecture along with King Abdullah II of Jordan (left) and Crown Prince Hussein of Jordan (right). Ministry of Presidential Affairs
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, watches the lecture along with King Abdullah II of Jordan (left) and Crown Prince Hussein of Jordan (right). Ministry of Presidential Affairs

During the Mohamed bin Zayed Majlis lecture, entitled 'Changing the global face of children's medicine' held at Al Bateen Palace, Prof Gaspar spoke of the remarkable results achieved through gene therapy, in which functioning genes are placed into cells in the body to fight disease.

Prof Gaspar said children’s medicine is moving away from the traditional idea of medications, pills and a “one size fits all” approach to treatments.

Instead, rare diseases found in children can be treated by treating the gene that is causing the disease.

“Inside every cell we have a nucleus, and inside it there are 23 pairs of chromosomes, and inside it there are 25,000 genes that control everything that we are: from how tall we are to the colour of our hair," he said.

“Just one single gene mistake can cause a devastating disease. And if we can understand what that gene is we can understand [how to treat it].”

Professor Gaspar cited an inspiring examples of a gene therapy success story, while showing a picture of a young child from Poland.

“This is a little girl back in May 2013. A single gene in her bone marrow meant that she couldn’t produce any white cells, which are there to protect us from bacteria and viruses.

As the girl lacked any white cells, even a cold could be life threatening.

The only treatment that was available was to carry out a cell bone marrow transplant from another individual in order to rebuild her white cells.

“But that meant a 30 per cent chance she would die, and her father did not want his child to take that risk. So he asked if he could enrol her in the gene therapy that we wanted to do.”

After treating the gene in her own bone marrow cells, she grew into a healthy child and was cured of her illness.

“This is all we had to give her - she did not have any other treatment," he said.

He showed a recent picture of her, looking happy and healthy with her father.

“Her father often sends me pictures of her skiing and wearing ballet costumes to show how she is leading a normal life," he said.

“This [gene therapy] will change the word of medicine because it will allow us to treat those severe genetic disorders.

“That is why it is so important to have a centre that is uniquely dedicated to looking after these children with such a high burden disease and very few opportunities."

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Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Uefa Champions League last 16 draw

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Basel v Manchester City

Sevilla v  Manchester United

Porto v Liverpool

Real Madrid v Paris Saint-Germain

Shakhtar Donetsk v Roma

Chelsea v Barcelona

Bayern Munich v Besiktas

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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.

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

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Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

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While you're here
KEY DEVELOPMENTS IN MARITIME DISPUTE

2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.

2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.

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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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  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Chelsea 2 Burnley 3
Chelsea
 Morata (69'), Luiz (88')
Burnley Vokes (24', 43'), Ward (39')
Red cards Cahill, Fabregas (Chelsea)