• A worker attaches Covax stickers to a shipment of the AstraZeneca vaccine flown by Emirates airline to Felix Houphouet Boigny International Airport in Abidjan, Ivory Coast. AFP
    A worker attaches Covax stickers to a shipment of the AstraZeneca vaccine flown by Emirates airline to Felix Houphouet Boigny International Airport in Abidjan, Ivory Coast. AFP
  • The AstraZeneca vaccine shipment is unloaded from a plane in Abidjan. Ivory Coast received 504,000 doses of the vaccine. AFP
    The AstraZeneca vaccine shipment is unloaded from a plane in Abidjan. Ivory Coast received 504,000 doses of the vaccine. AFP
  • A shipment of more than 500,000 doses of the AstraZeneca vaccine arrives in Abidjan, Ivory Coast, as part of the Covax initiative. AFP
    A shipment of more than 500,000 doses of the AstraZeneca vaccine arrives in Abidjan, Ivory Coast, as part of the Covax initiative. AFP
  • The shipment of AstraZeneca vaccine is part of the Covax initiative, a global effort to procure and distribute shots free of charge. AFP
    The shipment of AstraZeneca vaccine is part of the Covax initiative, a global effort to procure and distribute shots free of charge. AFP
  • Boxes of the AstraZeneca vaccine are unloaded from an Emirates flight in the Ivory Coast. AFP
    Boxes of the AstraZeneca vaccine are unloaded from an Emirates flight in the Ivory Coast. AFP
  • Emirates delivers 504,000 doses of the AstraZeneca vaccine to Abidjan, Ivory Coast. AFP
    Emirates delivers 504,000 doses of the AstraZeneca vaccine to Abidjan, Ivory Coast. AFP

Dubai restricts travellers from South Africa and Nigeria as new strains emerge


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Dubai's authorities will not allow travellers who have been in South Africa or Nigeria to enter the emirate.

In a travel advisory, Emirates Airline said the decision covered any UAE resident, tourist or transit passenger who had been in either country in the past 14 days.

Emirates airline flights to South Africa and Nigeria were already suspended and will remain so until at least March 10.

This latest move came amid increasing concern about the South African variant of coronavirus.

The strain is transmitted from person to person more easily and most of the existing vaccines are less effective against it.

"You will not be able to enter Dubai if you have been in or transited through South Africa or Nigeria in the last 14 days before travelling to Dubai," the carrier said on its website.

"This is not applicable for UAE nationals who are returning to the UAE and members of diplomatic missions.

"Members of diplomatic missions travelling from Nigeria must present a negative Covid‑19 PCR test certificate from one of the authorised laboratories in Nigeria."

Low-cost partner flydubai carried the same advisory on its website.

Less is known about the Nigerian strain that the South African variant.

The strain, known as B.1.525, was first detected in mid-December in Nigeria. It was soon found in cases in the UK, France, and other countries. As of mid-February, researchers from University of Edinburgh had found two cases in Wales and 36 in England in genome samples that dated back to December.

It has not yet been added to the UK's 'variants of concern list' but further study is ongoing.

Dubai has tightened restrictions in recent weeks in a bid to contain the virus, including reducing the capacity of venues such as hotels, cinemas and sports complexes.

Yesterday, the Islamic Affairs and Charitable Activities Department in Dubai announced it had cancelled all permits for Ramadan tents in the emirate this year to prevent large gatherings.

Dubai vaccine roll-out - in pictures

  • A healthcare worker gives an injection of coronavirus vaccine to a Sikh resident at the Guru Nanak Darbar gurudwara (Sikh temple), in Dubai. Karim Sahib / AFP
    A healthcare worker gives an injection of coronavirus vaccine to a Sikh resident at the Guru Nanak Darbar gurudwara (Sikh temple), in Dubai. Karim Sahib / AFP
  • A Sikh healthcare worker registers a man for vaccination at the Guru Nanak Darbar gurudwara (Sikh temple) in Dubai on Saturday. Karim Sahib / AFP
    A Sikh healthcare worker registers a man for vaccination at the Guru Nanak Darbar gurudwara (Sikh temple) in Dubai on Saturday. Karim Sahib / AFP
  • Members of Dubai's Indian community queue for their Sinopharm inoculation at the Guru Nanak Darbar gurudwara's second vaccine drive in Dubai. Karim Sahib / AFP
    Members of Dubai's Indian community queue for their Sinopharm inoculation at the Guru Nanak Darbar gurudwara's second vaccine drive in Dubai. Karim Sahib / AFP
  • The Chinese Sinopharm coronavirus vaccine is given to a man at the Guru Nanak Darbar gurudwara (Sikh temple) in Dubai. Organisers said all slots for the vaccines were quickly booked. Karim Sahib / AFP
    The Chinese Sinopharm coronavirus vaccine is given to a man at the Guru Nanak Darbar gurudwara (Sikh temple) in Dubai. Organisers said all slots for the vaccines were quickly booked. Karim Sahib / AFP
  • A Sikh healthcare worker studies a box of Sinopharm coronavirus vaccine vials at the Guru Nanak Darbar gurudwara (Sikh temple) in Dubai. Karim Sahib / AFP
    A Sikh healthcare worker studies a box of Sinopharm coronavirus vaccine vials at the Guru Nanak Darbar gurudwara (Sikh temple) in Dubai. Karim Sahib / AFP
  • A Sinopharm coronavirus vaccine is given to a resident during a vaccination drive at the Guru Nanak Darbar gurudwara (Sikh temple), in Dubai. Karim Sahib / AFP
    A Sinopharm coronavirus vaccine is given to a resident during a vaccination drive at the Guru Nanak Darbar gurudwara (Sikh temple), in Dubai. Karim Sahib / AFP
  • People are vaccinated against coronavirus at Dubai's Guru Nanak Darbar gurudwara (Sikh temple). Karim Sahib / AFP
    People are vaccinated against coronavirus at Dubai's Guru Nanak Darbar gurudwara (Sikh temple). Karim Sahib / AFP
match details

Wales v Hungary

Cardiff City Stadium, kick-off 11.45pm

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

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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.

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Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

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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.”