A microbiologist at the National Institute for Communicable Diseases in Johannesburg, South Africa, tests a tissue sample for the Marburg virus.
A microbiologist at the National Institute for Communicable Diseases in Johannesburg, South Africa, tests a tissue sample for the Marburg virus.
A microbiologist at the National Institute for Communicable Diseases in Johannesburg, South Africa, tests a tissue sample for the Marburg virus.
A microbiologist at the National Institute for Communicable Diseases in Johannesburg, South Africa, tests a tissue sample for the Marburg virus.

First West African case of deadly Marburg virus detected in Guinea


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Health authorities in Guinea have reported West Africa's first case of the deadly Marburg virus, a highly infectious virus related to Ebola.

Marburg is carried by bats and has a fatality rate of up to 88 per cent.

It was found in samples taken from a patient who died on August 2 in southern Gueckedou prefecture, the World Health Organisation said.

"The potential for the Marburg virus to spread far and wide means we need to stop it in its tracks," said Dr Matshidiso Moeti, the WHO's regional director for Africa.

The discovery comes two months after the WHO declared an end to Guinea's second Ebola outbreak, which began last year and killed 12 people.

The WHO said the threat from the Marburg virus was high at the national and regional level, but low globally.

"We are working with the health authorities to implement a swift response that builds on Guinea's past experience and expertise in managing Ebola, which is transmitted in a similar way," Dr Moeti said.

The virus is usually associated with exposure to caves or mines where colonies of Rousettus bats live.

Once a human contracts the virus, it is spread through contact with bodily fluids, or contaminated surfaces and materials, the WHO said.

"We applaud the alertness and the quick investigative action by Guinea's health workers," Dr Moeti said.

The case was detected in a village in a forested region close to the country's borders with Sierra Leone and Liberia.

The patient's symptoms date back to July 25, the WHO said.

After being initially treated at a local clinic and tested for malaria, the man died "in the community", the WHO said.

Samples taken during a post-mortem examination tested negative for Ebola, but positive for Marburg.

Ten WHO experts, including epidemiologists and socio-anthropologists, are supporting national health authorities.

The emergency response includes risk assessment, disease surveillance, community screening, clinical care, infection control and logistical support, the WHO said.

Cross-border surveillance has also been increased so potential cases can be detected quickly, it said.

Three of the patient's family members and a healthcare worker have been identified as high-risk close contacts and are being monitored, the WHO said.

Investigations are under way to identify the source of the infection and any other possible contacts.

Previous outbreaks and sporadic cases have been reported in South Africa, Angola, Kenya, Uganda and the Democratic Republic of the Congo.

But this is the first time the virus has been detected in West Africa.

The disease begins suddenly, with symptoms such as high fever, severe headache and discomfort.

Fatality rates of between 24 per cent and 88 per cent were reported in previous outbreaks and depended on the virus strain and case management, the WHO said.

Although there are no approved vaccines or antiviral treatments, oral or intravenous rehydration and treatment of specific symptoms improve the chances of survival, it said.

Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

UAE squad

Ali Kashief, Salem Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdelrahman, Mohammed Al Attas (Al Jazira), Mohmmed Al Shamsi, Hamdan Al Kamali, Mohammad Barghash, Khalil Al Hammadi (Al Wahda), Khalid Eisa, Mohammed Shakir, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Adel Al Hosani, Al Hassan Saleh, Majid Suroor (Sharjah), Waleed Abbas, Ismail Al Hammadi, Ahmed Khalil (Shabab Al Ahli Dubai) Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Mahrami (Baniyas)

Company Profile
Company name: OneOrder

Started: October 2021

Founders: Tamer Amer and Karim Maurice

Based: Cairo, Egypt

Industry: technology, logistics

Investors: A15 and self-funded 

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.3-litre%20turbo%204-cyl%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E298hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E452Nm%3Cbr%3E%3Cstrong%3ETowing%20capacity%3A%20%3C%2Fstrong%3E3.4-tonne%3Cbr%3E%3Cstrong%3EPayload%3A%20%3C%2Fstrong%3E4WD%20%E2%80%93%20776kg%3B%20Rear-wheel%20drive%20819kg%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EPrice%3A%20Dh138%2C945%20(XLT)%20Dh193%2C095%20(Wildtrak)%3Cbr%3E%3Cstrong%3EDelivery%3A%3C%2Fstrong%3E%20from%20August%3C%2Fp%3E%0A
Copa del Rey

Barcelona v Real Madrid
Semi-final, first leg
Wednesday (midnight UAE)

Tour de France

When: July 7-29

UAE Team Emirates:
Dan Martin, Alexander Kristoff, Darwin Atapuma, Marco Marcato, Kristijan Durasek, Oliviero Troia, Roberto Ferrari and Rory Sutherland

Fifa Club World Cup quarter-final

Kashima Antlers 3 (Nagaki 49’, Serginho 69’, Abe 84’)
Guadalajara 2 (Zaldivar 03’, Pulido 90')

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.”

'Gehraiyaan'
Director:Shakun Batra

Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa

Rating: 4/5

EXPATS
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Updated: August 10, 2021, 6:00 PM