• People stand outside a funeral home in Shanghai, as cases of Covid-19 surge in China. Reuters
    People stand outside a funeral home in Shanghai, as cases of Covid-19 surge in China. Reuters
  • Relatives burn paper offerings for a relative who died, at the Gaobeidian Funeral Home in northern China's Hebei province. AP
    Relatives burn paper offerings for a relative who died, at the Gaobeidian Funeral Home in northern China's Hebei province. AP
  • A worker disinfects a bed in the emergency department of a hospital in Baigou, Hebei province. AP
    A worker disinfects a bed in the emergency department of a hospital in Baigou, Hebei province. AP
  • Cities across the country have struggled to cope as the surge in cases has emptied pharmacy shelves, filled hospital wards and appeared to cause backlogs at crematoriums and funeral homes. AP
    Cities across the country have struggled to cope as the surge in cases has emptied pharmacy shelves, filled hospital wards and appeared to cause backlogs at crematoriums and funeral homes. AP
  • It comes after China dismantled key pillars of its zero-Covid strategy. AP
    It comes after China dismantled key pillars of its zero-Covid strategy. AP
  • Authorities have lifted snap lockdowns, lengthy quarantines and travel curbs in a reversal of the country's hallmark containment strategy. Reuters
    Authorities have lifted snap lockdowns, lengthy quarantines and travel curbs in a reversal of the country's hallmark containment strategy. Reuters
  • Relatives attend to a patient. AP
    Relatives attend to a patient. AP
  • People wait outside a fever clinic at a hospital in Shanghai. Reuters
    People wait outside a fever clinic at a hospital in Shanghai. Reuters

'Up to 70% in Shanghai have Covid-19' as Lunar New Year sparks mass infection fears


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About 70 per cent of residents in Shanghai may have been infected with the Covid-19 virus, a senior doctor told state media on Tuesday.

China is experiencing a huge surge in cases of the virus since loosening hardline restrictions which involved large-scale lockdowns.

Shanghai, a city of 25 million people, in April ordered a gruelling two-month lockdown after 600,000 residents were infected and many were hauled to mass quarantine centres.

Chen Erzhen, vice president at Ruijin Hospital and a member of Shanghai's Covid expert advisory panel, estimated that the majority of the city's 25 million people may have been infected.

“Now the spread of the epidemic in Shanghai is very wide, and it may have reached 70 per cent of the population, which is 20 to 30 times more than [in April and May],” Mr Erzhen told the People's Daily newspaper.

The Omicron variant is spreading rapidly across the city and experts predict infections there will peak in early 2023.

Beijing has admitted the scale of the outbreak has become “impossible” to track following the end of mandatory mass testing last month.

The National Health Commission has stopped publishing daily nationwide infection and death statistics.

That responsibility has been transferred to the Chinese Centre for Disease Control and Prevention (CDC), which will only publish figures once a month after China downgrades its management protocols for the disease on January 8.

Scientists have warned China it will face multiple waves of Covid-19 infections as the Omicron variant mutates to spread faster and evade immunity. EPA
Scientists have warned China it will face multiple waves of Covid-19 infections as the Omicron variant mutates to spread faster and evade immunity. EPA

Last month, a few local and regional authorities began sharing estimated daily infection totals as the scale of the outbreak remained unclear.

Disease control authorities in the wealthy coastal province of Zhejiang said on Tuesday that the number of new cases had jumped one million in the past few days, and “the epidemic is expected to enter a peak plateau in January”.

The Zhejiang cities of Quzhou and Zhoushan said at least 30 per cent of the population had contracted the virus.

The eastern coastal city of Qingdao estimated about 500,000 new daily cases, and the southern manufacturing centre of Dongguan up to 300,000.

Officials in the island province of Hainan estimated on Friday that the infection rate there had surpassed 50 per cent.

But top health official Wu Zunyou said on Thursday that the peak had passed in the cities of Beijing, Chengdu and Tianjin, with Guangzhou city officials saying the same on Sunday.

Lunar New Year travel

A woman adjusts her mask near decorations set up ahead of the coming Chinese Lunar New Year in Beijing. AP
A woman adjusts her mask near decorations set up ahead of the coming Chinese Lunar New Year in Beijing. AP

China's biggest holiday, Lunar New Year, is expected to see 5.5 million people use China's rail system, state broadcaster CCTV has said.

Travel has been severely restricted for the event for the last three years, but as people plan to head from cities to their home villages to celebrate the January 21 holiday, fears of more infections are mounting.

In an interview with state broadcaster CCTV on Monday, National Health Commission (NHC) official Jiao Yahui admitted that dealing with the expected peak in rural areas would be an "enormous challenge".

"There may be a retaliatory surge of urban residents into the countryside to visit their relatives, so we are even more worried about the rural epidemic."

Chinese authorities will brief the World Health Organisation on the situation on Tuesday. It reversed Covid controls on December 7 after protests over its “zero-Covid” approach in the strongest show of public defiance in decades.

The US, France, and other countries now require Covid tests on travellers from China, while Belgium said it would test wastewater from planes for new variants.

European Union health officials will meet on Wednesday to discuss a co-ordinated response.

China said the requirements lack scientific basis and are unreasonable.

Mao Ning, a spokeswoman for the Chinese foreign ministry, said China is “firmly opposed to such practices” and will take corresponding measures accordingly.

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet

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.”

ITU Abu Dhabi World Triathlon

For more information go to www.abudhabi.triathlon.org.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

COMPANY%20PROFILE
%3Cp%3EFounder%3A%20Hani%20Abu%20Ghazaleh%3Cbr%3EBased%3A%20Abu%20Dhabi%2C%20with%20an%20office%20in%20Montreal%3Cbr%3EFounded%3A%202018%3Cbr%3ESector%3A%20Virtual%20Reality%3Cbr%3EInvestment%20raised%3A%20%241.2%20million%2C%20and%20nearing%20close%20of%20%245%20million%20new%20funding%20round%3Cbr%3ENumber%20of%20employees%3A%2012%3C%2Fp%3E%0A
Mobile phone packages comparison
SRI LANKA SQUAD

Upul Tharanga (captain), Dinesh Chandimal, Niroshan Dickwella
Lahiru Thirimanne, Kusal Mendis, Milinda Siriwardana
Chamara Kapugedara, Thisara Perera, Seekuge Prasanna
Nuwan Pradeep, Suranga Lakmal, Dushmantha Chameera
Vishwa Fernando, Akila Dananjaya, Jeffrey Vandersay

MATCH INFO

Inter Milan 1 (Martinez 18' pen)

Juventus 2 (Dybala 4', Higuain 80')

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

If you go...

Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).

MEDIEVIL%20(1998)
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20SCE%20Studio%20Cambridge%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Sony%20Computer%20Entertainment%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%2C%20PlayStation%204%20and%205%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
RESULT

Huddersfield Town 1 Manchester City 2
Huddersfield: Otamendi (45' 1 og), van La Parra (red card 90' 6)
Man City: Agüero (47' pen), Sterling (84')

Man of the match: Christopher Schindler (Huddersfield Town)

The specs: Audi e-tron

Price, base: From Dh325,000 (estimate)

Engine: Twin electric motors and 95kWh battery pack

Transmission: Single-speed auto

Power: 408hp

Torque: 664Nm

Range: 400 kilometres

Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
The specs

Price: From Dh180,000 (estimate)

Engine: 2.0-litre turbocharged and supercharged in-line four-cylinder

Transmission: Eight-speed automatic

Power: 320hp @ 5,700rpm

Torque: 400Nm @ 2,200rpm

Fuel economy, combined: 9.7L / 100km

Ant-Man%20and%20the%20Wasp%3A%20Quantumania
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Managing the separation process

  • Choose your nursery carefully in the first place
  • Relax – and hopefully your child will follow suit
  • Inform the staff in advance of your child’s likes and dislikes.
  • If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
  • The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
  • Be patient. Your child might love it one day and hate it the next
  • Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.  
Second Test

In Dubai

Pakistan 418-5 (declared)
New Zealand 90 and 131-2 (follow on)

Day 3: New Zealand trail by 197 runs with 8 wickets remaining

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

FROM%20THE%20ASHES
%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A

'Skin'

Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

Rating: 3.5/5 stars

Company name: Farmin

Date started: March 2019

Founder: Dr Ali Al Hammadi 

Based: Abu Dhabi

Sector: AgriTech

Initial investment: None to date

Partners/Incubators: UAE Space Agency/Krypto Labs 

Updated: January 03, 2023, 8:40 AM