The European Union will soon begin a mass Covid-19 vaccination programme with at least 750 million doses to be shared out among its 27 member states. It could well prove chaotic.
The roll out will follow closely in the footsteps of Britain's immunisation programme with the approval by regulators today of the Pfizer/BioNTech coronavirus vaccine for widespread use. The 40 million doses for 20 million people will be the start of the battle against Covid-19 as the continent of more than 740 million people battles to fight off a virulent second wave of infections.
The European Medicines Agency said it would decide on December 29 if there was enough safety and efficacy data to approve the vaccine developed by German company BioNTech and US pharmaceutical giant Pfizer.
The agency also said it could decide as early as January 12 whether to approve Moderna Inc's rival shot.
French President Emmanuel Macron said vaccinations would not begin for the general public until April next year as he outlined a five phase plan for the country's immunisation. However, the estimated 650,000 elderly living in care homes could receive shots at the end of this month.
With Britain today becoming the first to approve a vaccine, the US could follow very soon with emergency approval potentially being granted between December 8 and December 10.
Worldwide it is estimated that 6.4 billion doses of vaccines have been bought, with another 3.2 billion under negotiation in a global inoculation drive to stop the spread of the pandemic among a population of 7.4 billion.
Doubtless over the coming year there will be arguments over countries having too much or too little and politics will come into play, with some nations acting with largesse and others as misers. Throw into the mix the anti-vaccination conspiracy theorists and it is unlikely to be straightforward.
Despite the potential opposition, governments across Europe and beyond will be looking to immunise enough of their population, between 60 to 80 per cent, to achieve ‘herd immunity’ and bring an end to the economic misery caused by Covid-19.
Currently, four major vaccines have been deemed viable with the ability to immunise more than 90 per cent of recipients.
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The EU has announced a deal with Pfizer/BioNTech for an initial 300 million doses of their joint vaccine. In addition, the bloc will purchase 405 million doses of a potential coronavirus vaccine from German bio-tech company CureVac.
Germany has transformed exhibition halls into vaccination centres and has bought ultra-cold freezers for storing the shots. Similar plans are under way in Britain, which has ordered seven different vaccines including the Pfizer shot, with medical staff preparing for round-the-clock inoculation. Elsewhere, countries such as Italy and Portugal have yet to outline detailed plans.
Each immunisation requires two shots per person over a 28-day period with each dose costing between $10 and $20.
What are Europe's key nations doing?
Germany
Population: 84m
The government has 300 million doses in total through the EU scheme and through its own deals. This includes 100 million of the 300 million Pfizer/BioNTech shots being prepared. Germany aims to start immunisation in December, opening six mass vaccination centres. Priority will be given to the elderly and those with underlying health conditions.
The first phase will last until the summer when local doctors and pharmacists will take over the process. An 820,000 litre, ultra-cold storage freezer will open in Berlin later in December.
France
Population: 65m
It has 295 million doses and is likely to start the vaccination programme in late December with the vulnerable population a priority. France has ordered another 90 million shots, enough for 45 million people, from several different firms.
Italy
Population: 60m
It has 108 million doses through the EU scheme. The majority of its people will be vaccinated by next September with a detailed plan to be announced in coming weeks. The priority will be police, medical staff and the elderly probably starting in January.
Mobile units and drive-through centres are among the proposals for distribution. It will receive 3.4 million doses of the Pfizer/BioNTech drug in mid-January.
Britain
Population: 58m
Britain has access to 357 million doses from seven different vaccine developers. The inoculation scheme is being led by Iraqi-born minister Nadhim Zahawi, the newly appointed ‘vaccine minister’. With approval of the Pfizer drug, the first batch of 800,000 jabs will begin within a week. Vaccination centres will administer the shots and the government plans for normality around the end of March. Care homes will be the immediate priority, as well as medical and emergency workers.
Spain
Population: 46m
It has 140 million doses. Its priority will be the 2.5 million people living and working in care homes, then healthcare workers, and the scheme will start in January. Spain will distribute the rest of the vaccines from 13,000 health centres, however, no full details of its strategy have been made public.
Denmark
Population: 5.8m
It has bought a total of 19.3 million shots. In a strategy plan announced last week, the Danish government said it has bought 38 special freezers and will first immunise those people living or working in care homes and in the medical profession. Health authorities plan to vaccinate the entire population within a year.
Belgium
Population: 11m
The country with the highest death rate in the world aims to procure 20 million doses via the EU scheme. Belgium plans to vaccinate 70 per cent of its population by the summer of next year with mass vaccinations beginning early in 2021.
How do the front-running vaccines work?
Pfizer's 95 per cent effective shot is a mRNA vaccine.
Traditional vaccines inject people with a dead or weakened part of a virus so the body produces antibodies to fight it, as it would in a natural infection.
However, mRNA vaccines differ in that they encourage the body to become its own miniature vaccine factory.
The vaccine, an abbreviation of 'messenger RNA', delivers genetic instructions that prompt the body to produce virus proteins – without exposing the body to any threat.
Once this happens, the immune system begins to build up protective antibodies to guard against infection.
The Moderna vaccine is also an mRNA type, with about 94 per cent efficacy.
The company used the same highly innovative and experimental approach to AstraZeneca in designing its shot.
AstraZeneca and Oxford's vaccine is a traditional inoculation in that it uses a weakened version of a virus.
In this case, scientists used a virus that causes a common cold in chimpanzees but is harmless to humans.
The genetic instructions for the spike protein of coronavirus – which it needs to invade cells – are transferred to the vaccine.
It triggers an immune response, effectively training the body to recognise coronavirus and destroy it.
Having been through a practice run, the body is then to fight the real thing.
What are the key differences between the vaccines?
The Pfizer vaccine needs to be kept at minus 70°C while in storage, which may present headaches for health officials who have to source ultra-cold freezers.
The Moderna vaccine can to be stored for up to six months at minus 20°C.
While the AstraZeneca/Oxford vaccine has lower efficacy than the Pfizer and Morderna shots, it is cheaper, easier to store and and therefore more practical to distribute to every corner of the world than the two rivals.
The Oxford dose has an average 70 per cent effectiveness rate.
The trials showed a regimen of two full doses one month apart was 62 per cent effective, but a half dose followed by another full shot showed 90 per cent.
BLACKBERRY
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Jurassic%20Park
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RESULTS
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BIO
Favourite holiday destination: Turkey - because the government look after animals so well there.
Favourite film: I love scary movies. I have so many favourites but The Ring stands out.
Favourite book: The Lord of the Rings. I didn’t like the movies but I loved the books.
Favourite colour: Black.
Favourite music: Hard rock. I actually also perform as a rock DJ in Dubai.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Results
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If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
What is the FNC?
The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning.
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval.
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes.
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com
The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
First Person
Richard Flanagan
Chatto & Windus
The BIO:
He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal
He ascended Mount Everest the next year from the more treacherous north Tibetan side
By 2015, he had completed the Explorers Grand Slam
Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border
He carries dried camel meat, dried dates and a wheat mixture for the final summit push
His new goal is to climb 14 peaks that are more than 8,000 metres above sea level
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Company%20Profile
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AL%20BOOM
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
A list of the animal rescue organisations in the UAE
The specs
Engine: 5.2-litre twin-turbo V12
Transmission: eight-speed automatic
Power: 715bhp
Torque: 900Nm
Price: Dh1,289,376
On sale: now
How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
FIGHT CARD
Welterweight Mostafa Radi (PAL) v Tohir Zhuraev (TJK)
Catchweight 75kg Leandro Martins (BRA) v Anas Siraj Mounir (MAR)
Flyweight Corinne Laframboise (CAN) v Manon Fiorot (FRA)
Featherweight Ahmed Al Darmaki (UAE) v Bogdan Kirilenko (UZB)
Lightweight Izzedine Al Derabani (JOR) v Atabek Abdimitalipov (KYG)
Featherweight Yousef Al Housani (UAE) v Mohamed Arsharq Ali (SLA)
Catchweight 69kg Jung Han-gook (KOR) v Elias Boudegzdame (ALG)
Catchweight 71kg Usman Nurmagomedov (RUS) v Jerry Kvarnstrom (FIN)
Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)
Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)
Company Profile
Company name: NutriCal
Started: 2019
Founder: Soniya Ashar
Based: Dubai
Industry: Food Technology
Initial investment: Self-funded undisclosed amount
Future plan: Looking to raise fresh capital and expand in Saudi Arabia
Total Clients: Over 50
The biog
Birthday: February 22, 1956
Born: Madahha near Chittagong, Bangladesh
Arrived in UAE: 1978
Exercise: At least one hour a day on the Corniche, from 5.30-6am and 7pm to 8pm.
Favourite place in Abu Dhabi? “Everywhere. Wherever you go, you can relax.”
MATCH INFO
Arsenal 1 (Aubameyang 12’) Liverpool 1 (Minamino 73’)
Arsenal win 5-4 on penalties
Man of the Match: Ainsley Maitland-Niles (Arsenal)
The Cairo Statement
1: Commit to countering all types of terrorism and extremism in all their manifestations
2: Denounce violence and the rhetoric of hatred
3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC
4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.
5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.
6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security
MATCH INFO
Manchester United 1 (Fernandes pen 2') Tottenham Hotspur 6 (Ndombele 4', Son 7' & 37' Kane (30' & pen 79, Aurier 51')
Man of the match Son Heung-min (Tottenham)
UAE-based players
Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim
Rose Hill Warriors: Faraz Sheikh, Ashok Kumar, Thabreez Ali, Janaka Chathuranga, Muzammil Afridi, Ameer Hamza
What is the Supreme Petroleum Council?
The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.