It is just over four years since the novel coronavirus – which came to be known as Covid-19 – first emerged in the Chinese city of Wuhan.
The rapid outbreak of the disease sparked a pandemic, claiming millions of lives and devastating economies the world over.
Now experts are working to prevent a future global health crisis by sharpening their focus on an as yet unknown threat, often termed as Disease X.
At a World Economic Forum discussion in Davos this week, World Health Organisation Director General Dr Tedros Adhanom Ghebreyesus warned that societies were “still not prepared” for what could be on the horizon.
His stark message was delivered more than five years after the WHO began including Disease X on its list of priority diseases.
This list covers the pathogens, identified or as-yet-unknown, that are said to pose the biggest threats, but for which there may not be adequate countermeasures.
Raising the alarm
“Disease X represents the knowledge that a serious international epidemic could be caused by a pathogen currently unknown to cause human disease,” is how the WHO puts it.
As part of the WHO’s preparedness planning, more than 200 scientists are currently assessing the pandemic risks from no fewer than 30 families of viruses along with a core group of bacteria – and Disease X.
Ian Jones, professor of virology at the University of Reading in the UK, said that it was almost certain that the next pandemic would be caused by a virus.
“Viruses are the only things that can appear suddenly and spread most quickly,” he said.
In the wake of the Covid-19 pandemic, another coronavirus is an obvious potential source, as there are countless types of them in animals.
One could pose a threat if it crossed the species barrier and began infecting and spreading between people. This is what is often thought to have happened with Sars-CoV-2, the virus that causes Covid-19.
There have now been more than 773 million cases of Covid-19 and seven million deaths, according to official figures, although the real tally is likely to be much higher.
A key concern for Prof Paul Hunter, an infectious diseases researcher at the University of East Anglia in the UK, is the trade in wild animal bushmeat, something that he and his colleagues have been writing about for around two decades.
“The problem is not local communities catching bushmeat and eating it. Even if they get something nasty, it’s unlikely in remote areas to spread rapidly,” he said.
“When you bring these animals into cities, if something makes the jump, then it’s much more likely to spread. That’s certainly what happened with Sars in 2003 and almost certainly what happened with Covid. That’s the big threat.
“What’s certain is that Covid isn’t the last new pandemic we’ll experience in the coming decades.”
More pandemics to come
While coronaviruses are at or close to the top of lists of where the next pandemic is likely to come from, there is currently “an unprecedented level of immunity” to them in the population because of the large number of infections in recent times, Prof Jones said.
As a result, the chance of another coronavirus soon emerging as a threat in the way that Sars-CoV-2 did is “quite small”, he said.
The number one risk for Prof Jones is the potential for a new type of influenza to emerge – not least because this family of viruses has caused pandemics “many times before”.
Known flu pandemics began in 1889, 1918, 1957, 1968, 1977 and 2009, with the worst thought to have been the Spanish flu pandemic of 1918 to 1920, which killed tens of millions.
Further down the list of pandemic threats, Ebola virus disease has grabbed many headlines because of its high death rate, often above 50 per cent, among those infected.
However, as with the similar Marburg virus, which is also caused by a filovirus, it likely does not pass easily enough between people to become a global concern.
“Haemorrhagic fevers like Ebola are much more lethal, but don’t spread anywhere near as readily as respiratory viruses,” Prof Hunter said.
Another cause for concern is Nipah virus, which, the WHO states, is contracted by people in contact with infected bats or pigs.
First identified in Malaysia in 1998, this paramyxovirus has recently caused a number of infections and deaths in India and is, Prof Jones said, commonly among those viruses listed as potential causes of the next pandemic.
However, because the virus infects the brain and central nervous system tissues, he sees it as being less likely than others to spread easily.
“The likelihood of the virus suddenly becoming transmissible by the respiratory route is almost inconceivable,” said Prof Jones.
Ready to respond
The speed with which vaccines against Covid-19 were developed indicates that, if or when another pandemic emerges, the world may be in a better position to respond than was the case in previous decades.
In a paper published in NPJ Vaccines journal in November, scientists from the pharmaceutical company Pfizer – which with BioNTech produced one of the key Covid-19 vaccines – said that lessons from Covid-19 and influenza pandemics “underscore the importance of strengthening surveillance systems [and] investing in early-stage research on pandemic pathogens”.
They also said it showed the importance of the “development of platform technologies”.
This follows the rollout of new forms of vaccine, notably messenger RNA or mRNA vaccines, during the pandemic.
Prof Jones said that it was also important to minimise the risks of another pandemic emerging and, for him, agriculture is central to this.
“The amount of meat being consumed in the world, the number of pigs bred and processed per unit of land mass and unit of population is huge,” he said.
“I don’t think people appreciate the amount of biological material being amplified and moved around. That’s one area that poses a risk.
“If things were able to get into that population of farm animals, there’s a huge opportunity for it amplify, because all the animals are the same and in a dense population, and [there is] the chance for it to be transmitted to people.”
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Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
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T20 World Cup Qualifier
Final: Netherlands beat PNG by seven wickets
Qualified teams
1. Netherlands
2. PNG
3. Ireland
4. Namibia
5. Scotland
6. Oman
T20 World Cup 2020, Australia
Group A: Sri Lanka, PNG, Ireland, Oman
Group B: Bangladesh, Netherlands, Namibia, Scotland
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
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Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Why are you, you?
Why are you, you?
From this question, a new beginning.
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For you are a world, and a meeting of worlds.
Our dream is to unite that which has been
separated by history.
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A great story unites us all,
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Ben Okri,
Mohammed bin Zayed Majlis
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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.”
Uefa Nations League
League A:
Germany, Portugal, Belgium, Spain, France, England, Switzerland, Italy, Poland, Iceland, Croatia, Netherlands
League B:
Austria, Wales, Russia, Slovakia, Sweden, Ukraine, Republic of Ireland, Bosnia-Herzegovina, Northern Ireland, Denmark, Czech Republic, Turkey
League C:
Hungary, Romania, Scotland, Slovenia, Greece, Serbia, Albania, Norway, Montenegro, Israel, Bulgaria, Finland, Cyprus, Estonia, Lithuania
League D:
Azerbaijan, Macedonia, Belarus, Georgia, Armenia, Latvia, Faroe Islands, Luxembourg, Kazakhstan, Moldova, Liechtenstein, Malta, Andorra, Kosovo, San Marino, Gibraltar
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
The Written World: How Literature Shaped History
Martin Puchner
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