Two health professionals preparing coronavirus vaccines. Getty Images
Two health professionals preparing coronavirus vaccines. Getty Images
Two health professionals preparing coronavirus vaccines. Getty Images
Two health professionals preparing coronavirus vaccines. Getty Images

Unicef: UK could donate 100 million vaccine doses without disruption


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Britain could donate a fifth of its Covid-19 vaccine supply to poorer countries and remain on track to vaccinate all adults by the end of July, analysis by Unicef suggests.

The UN children's fund said the UK would have enough excess supply to inoculate 50 million people globally with two doses – a total of 100 million doses – even after every adult in the UK was vaccinated and a third booster dose given to high-risk groups.

This figure could rise to 200 million surplus doses if all the Covid-19 vaccines the UK ordered were approved by the medicines regulator.

Britain has secured more than 500 million doses of seven vaccines for a population of 66 million. These include those developed by Pfizer-BioNTech, Oxford-AstraZeneca and Moderna, which are approved for UK use.

Joanna Rea, director of advocacy at Unicef UK, urged Prime Minister Boris Johnson to commit to donating excess doses ahead of the G7 summit in England next month.

“We can’t ignore that the UK and other G7 countries have purchased more than a third of the world’s vaccine supply, despite making up only 13 per cent of the global population, and we risk leaving low-income countries behind,” she said.

“Unless the UK urgently starts sharing its available doses to ensure others around the world are protected from the virus, the UK will not be safe from Covid-19.

"Our vaccine success could be reversed and the NHS could be fighting another wave of the virus due to deadly mutations.”

France, a G7 member, previously committed to donating 5 per cent of its vaccine supply to the Covax initiative, a health partnership that delivers doses to poorer countries.

French President Emmanuel Macron called on the US and the rest of Europe to do the same.

"We're not talking about billions of doses immediately, or billions and billions of euros," he told the Financial Times.

“It’s about much more rapidly allocating 4 to 5 per cent of the doses we have.

"It won’t change our vaccination campaigns, but each country should set aside a small number of the doses it has to transfer tens of millions of them, but very fast, so that people on the ground see it happening.”

Britain has committed £548m ($744m) to Covax but was accused recently of vaccine hoarding, as many nations struggle to secure access to doses.

The Covax initiative has delivered just 59 million doses across the globe to date – and less than two per cent of the world's Covid-19 vaccines have been administered in Africa.

A spokesman for Mr Johnson this month said the UK had no excess doses to donate at that stage.

"We committed in February to sending excess doses from the UK's supply to the Covax procurement pool and to countries in need once they are available," he said.

"Right now, we are moving through the UK prioritisation list for our domestic rollout and we don't have surplus doses but … we will keep this under review."

In April, Covax said a "very big push" was needed to achieve the goal of delivering two billion doses to poorer nations by the end of the year.

“It’s not all smooth sailing and we are facing a number of challenges,” Covax chief Aurelia Nguyen said.


Former UK prime minister Gordon Brown warned of a "man-made catastrophe" if poor nations remained unvaccinated, while his predecessor Tony Blair said those countries could become "isolated from the world".

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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.”

BUNDESLIGA FIXTURES

Saturday, May 16 (kick-offs UAE time)

Borussia Dortmund v Schalke (4.30pm) 
RB Leipzig v Freiburg (4.30pm) 
Hoffenheim v Hertha Berlin (4.30pm) 
Fortuna Dusseldorf v Paderborn  (4.30pm) 
Augsburg v Wolfsburg (4.30pm) 
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)

Sunday, May 17

Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)

Monday, May 18

Werder Bremen v Bayer Leverkusen (9.30pm)

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

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Key fixtures from January 5-7

Watford v Bristol City

Liverpool v Everton

Brighton v Crystal Palace

Bournemouth v AFC Fylde or Wigan

Coventry v Stoke City

Nottingham Forest v Arsenal

Manchester United v Derby

Forest Green or Exeter v West Brom

Tottenham v AFC Wimbledon

Fleetwood or Hereford v Leicester City

Manchester City v Burnley

Shrewsbury v West Ham United

Wolves v Swansea City

Newcastle United v Luton Town

Fulham v Southampton

Norwich City v Chelsea