No coronavirus vaccine has been approved for use yet, but governments across the globe have already bought up hundreds of millions of doses of several of those under development.
Authorities that have struck deals are typically from countries or regions that also have the manufacturing capacity to produce the vast quantities needed to inoculate whole populations.
Before any vaccine has been given the green light, it would appear that developing countries already face lengthy delays in accessing vital supplies.
“I think it was a concern, now it’s simply become a reality,” said Dr Manuel Martin, a policy advisor at Médecins Sans Frontières.
“It’s unfortunately a reality that high-income countries will secure the first batches of doses, should one of the vaccines be successful.
“Rich countries will be able to vaccinate their key populations, while low and middle-income countries, some of which are heavily affected by Covid, will struggle.”
Rich countries will be able to vaccinate their key populations, while low and middle-income countries, some of which are heavily affected by Covid, will struggle
A look at the agreements already signed suggests fears may not be overblown. A deal for 400 million doses of a vaccine, developed by the University of Oxford, was struck in June by the Inclusive Vaccine Alliance, an initiative of France, Germany, Italy and the Netherlands.
The UK has spread its risk across four vaccines in its agreements for 250m doses, while the US government has bought 100m shots in a $1.95bn (Dh7.16bn) deal, with an option for a further 500m.
Governments in Europe and North America have also been investing heavily in vaccine research, which is likely to put them first in line to receive supplies following approval.
“There’s nothing stopping countries from buying up supplies of vaccine from companies,” said Prof Beate Kampmann, of the London School of Hygiene and Tropical Medicine, who directs vaccine research and trials in The Gambia for the UK’s Medical Research Council.
“It’s only going to be an ethical obligation not to plunder the market. Whether we can entice governments to make available at least a tranche of their supply to low and middle-income countries remains to be seen.”
The UAE too has strong links with vaccine programmes, with late-stage clinical trials for Chinese and Russian vaccines set to take place here, something that could lead to local manufacturing.
For all the concerns, there are initiatives to help poorer nations gain access to supplies, including Covax, which is led by the World Health Organisation, the Coalition for Epidemic Preparedness (Cepi), and Gavi, formerly the Global Alliance for Vaccines and Immunisation.
Covax aims to deliver 2 billion doses of vaccine by the end of next year, with the focus on the most vulnerable 20 per cent of the population in the 165 countries linked to the scheme. Of these countries, 75 are wealthier nations, among them the UAE, that have expressed interest in the scheme; these “self-financing” countries could subsidise vaccinations in lower-income recipient states.
Question marks have been raised, notably by MSF, about whether Gavi, which typically delivers vaccine programmes in poorer countries, is an appropriate organisation to run a truly global scheme that also involves negotiations with middle and high-income countries.
Another key issue is whether the necessary finance will be available.
“Although everybody would work to achieve equity, it’s going to be hard to achieve because the money has to be there and the supplies have to be there,” said Prof David Salisbury, who previously chaired the WHO’s Strategic Advisory Group of Experts on immunisation and is a former director of immunisation at the UK Department of Health.
“Quite a few countries have signed expressions of interest … [but] Covax has to have money to be able to commit to contracts with supplies. There will be a commitment required from those that are interested in terms of putting their money down.”
The hope is that early sponsors could encourage other nations to get on board as donors. Philanthropists engaged in impact investing could also look to support vaccine work.
Healthcare workers might be able to strongarm governments into ensuring their counterparts in other nations are vaccinated, suggested Prof Kampmann, but the same may not apply to other key groups who need vaccination, such as the elderly, who lack advocacy.
As well as moral pressure, self-interest may make governments keen to ensure other nations receive supplies, especially if they are important trading partners.
A particular concern may be middle-income nations that are too well off to receive support from Gavi, yet, still lack the resources to buy supplies in what will be a highly competitive market, said Prof Kaupmann.
“They often have large populations – Brazil, India, Pakistan. Given the scale, they may not be able to provide adequately,” she said.
Logistical factors may also come into play, with certain nations potentially finding it harder to identify at-risk individuals than will countries that already have well-developed annual influenza vaccination programmes, which typically target the elderly.
“They may have childhood vaccination, but they don’t know where their adults over 65 are [or] with multiple risks,” said Prof Salisbury.
“Your distribution of the vaccine that you have becomes even more challenging. The questions countries have to ask are: can we access it; can we afford to pay for it; if we have it, do we have the infrastructure in place.
“Gulf countries can afford it and could be able to make contracts if they haven’t already, but they would have to think carefully about their implementation if they don’t have any established adult vaccination programmes.”
Whether the vaccine or vaccines that are rolled out prevent the virus’s spread or have the more limited ability to simply stop people falling ill will also determine how global vaccination progresses.
If a vaccine can prevent only illness, governments may focus on inoculating their most vulnerable groups rather than their whole populations, potentially allowing a faster, more equitable, global rollout. The problem would then be “much smaller than we currently think,” said Prof Kampmann.
Despite the widespread concerns, some observers are broadly optimistic about the roll-out of coronavirus vaccines.
Prof David Taylor, who researches pharmaceutical and public health policy at University College London, said it is much easier to roll out vaccination programmes in developing countries than it is to deliver high quality care for cancer or diabetes, for example.
“The record on vaccines themselves isn’t that bad,” he said. “During the 21st century we’ve progressed a long way in protecting global populations, where we can, through vaccines.
“Drugs are relatively easy to distribute … It’s in the interests of the rich world to make sure the whole world is protected.”
China, with its strong links to Africa, may be keen to provide supplies of its vaccines to the continent, which lacks significant manufacturing capacity apart from in South Africa.
Prof Taylor is not under any illusions that the distribution of any coronavirus vaccines will be totally equitable; the developed world will, he said, have access earlier.
But, given the age structure of the populations – developed countries typically have older populations due to lower birth rates in recent decades – this may not be inappropriate.
He also sees a silver lining in the way that governments in richer nations are buying up hundreds of millions of doses of vaccines even before clinical trials are completed: this could attract investment that speeds up vaccine development by offering security to investors.
Yet Dr Manuel at MSF said people should not expect that a significant proportion of vaccine production will be given to low and middle-income countries, given the actions so far of high-income nations.
“Unfortunately we’ve seen a lot of high-income countries go off and do their own thing,” he said.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Specs%20
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Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster with a decades-long career in TV. He has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others. Karam is also the founder of Takreem.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Mohammed bin Zayed Majlis
Barbie
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THE SPECS
Engine: 1.6-litre turbo
Transmission: six-speed automatic
Power: 165hp
Torque: 240Nm
Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)
On sale: Now
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
if you go
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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RESULTS
Bantamweight: Jalal Al Daaja (JOR) beat Hamza Bougamza (MAR)
Catchweight 67kg: Mohamed El Mesbahi (MAR) beat Fouad Mesdari (ALG)
Lightweight: Abdullah Mohammed Ali (UAE) beat Abdelhak Amhidra (MAR)
Catchweight 73kg: Mosatafa Ibrahim Radi (PAL) beat Yazid Chouchane (ALG)
Middleweight: Yousri Belgaroui (TUN) beat Badreddine Diani (MAR)
Catchweight 78KG: Rashed Dawood (UAE) beat Adnan Bushashy (ALG)
Middleweight: Sallah-Eddine Dekhissi (MAR) beat Abdel Enam (EGY)
Catchweight 65kg: Yanis Ghemmouri (ALG) beat Rachid Hazoume (MAR)
Lightweight: Mohammed Yahya (UAE) beat Azouz Anwar (EGY)
Catchweight 79kg: Souhil Tahiri (ALG) beat Omar Hussein (PAL)
Middleweight: Tarek Suleiman (SYR) beat Laid Zerhouni (ALG)
57%20Seconds
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Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
Source: YouGov
THE BIO
Ms Al Ameri likes the variety of her job, and the daily environmental challenges she is presented with.
Regular contact with wildlife is the most appealing part of her role at the Environment Agency Abu Dhabi.
She loves to explore new destinations and lives by her motto of being a voice in the world, and not an echo.
She is the youngest of three children, and has a brother and sister.
Her favourite book, Moby Dick by Herman Melville helped inspire her towards a career exploring the natural world.
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
UAE currency: the story behind the money in your pockets
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Medicus AI
Started: 2016
Founder(s): Dr Baher Al Hakim, Dr Nadine Nehme and Makram Saleh
Based: Vienna, Austria; started in Dubai
Sector: Health Tech
Staff: 119
Funding: €7.7 million (Dh31m)
MATCH INFO
Norwich 0
Watford 2 (Deulofeu 2', Gray 52')
Red card: Christian Kabasele (WatforD)
How it works
Each player begins with one of the great empires of history, from Julius Caesar's Rome to Ramses of Egypt, spread over Europe and the Middle East.
Round by round, the player expands their empire. The more land they have, the more money they can take from their coffers for each go.
As unruled land and soldiers are acquired, players must feed them. When a player comes up against land held by another army, they can choose to battle for supremacy.
A dice-based battle system is used and players can get the edge on their enemy with by deploying a renowned hero on the battlefield.
Players that lose battles and land will find their coffers dwindle and troops go hungry. The end goal? Global domination of course.
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.