Debby Fullerton hasn’t seen her grandson since he was three weeks old.
The 69-year-old grandmother lives in a small town in New Brunswick, Canada. She has been cut off from her daughter and grandson Noah, who is now 14 months old, since the start of the pandemic.
“I try not to focus on it too much because I get so sad,” said Ms Fullerton. “Video chatting has been a lifesaver. But again, it’s still not like being there in person.”
She was hoping that she would be vaccinated by now and able to travel to see her family, who live 4,500 kilometres away in Edmonton, Alberta. But Canada's vaccination programme has got off to a slow start.
In a country of 37.5 million people, just over 1.9 million doses have been distributed so far. That is only slightly more than the number of people the US is vaccinating per day.
“I feel desperate. When are we going to get it?” Ms Fullerton asked.
With just 3.6 per cent of the population having received at least one dose of the vaccine, Prime Minister Justin Trudeau has promised that every Canadian who wants the vaccine will have access to it by September.
However, many across the country are not convinced that will be possible.
Experts blame the delay on the lack of production facilities.
“We have been beholden to pharmaceutical companies in other countries for some of our basic health goods,” said Dr Jillian Kohler, a professor in the Leslie Dan Faculty of Pharmacy, Dalla Lana School of Public Health & Munk School of Global Affairs & Public Policy at the University of Toronto, whose research focuses on fair access to essential medicines.
She described Canada's vaccination campaign so far as a “disaster".
Without domestic production capabilities, Canada has had to look elsewhere for vaccines.
The government has ordered more doses per capita than any other country in the world. So far, it has spent about $800m to secure access to 400m doses of the vaccine. That is enough to fully inoculate the entire country 5 times over.
Where are all the doses?
While the orders have been placed, the country has not received most of the drugs, and Canadians are beginning to question the fine print of some of the deals that Canada has signed.
“The government was a little bit sloppy in terms of its deals. We made deals with suppliers that would have led to an enormous amount of supplies for Canadians. It might still, but the devil is in the details,” said Dr Kohler.
“So, we were getting vaccines on a quarterly basis versus on a monthly basis, which has led to slowdowns.”
Canada made deals with seven different manufacturers in an attempt to spread out its supply to avoid the very problems it is currently experiencing. Out of fear that the US would not allow any export of the vaccine, Canada looked across the Atlantic to the EU.
In February, European companies struggled with production, severely limiting the number of doses Canada received.
The country has turned to Covax, a World Health Organisation initiative designed to help improve global access to vaccines. Canada is the only Group of Seven nation to turn to Covax for help.
Prime minister’s popularity plunging
And Mr Trudeau’s popularity has begun to take a hit.
Rhoda Kopstein, 94, has been a lifelong Liberal Party supporter. But the government has done such a poor job with the vaccine programme that she feels betrayed.
"This is either stupidity, incompetence or a lack of political moxie, and I think all three are true," Ms Kopstein told The National.
Dr Kohler believes it goes further than that. “I would say it was negligent [for the government] to not act on critical areas that it should have and that to me shows a thoughtless government, a government that doesn't have the know-how to deal with a crisis like Covid-19,” she said.
Both federal and provincial governments are now trying to make up for their initial failures.
Mr Trudeau has announced plans to open a facility in Montreal that will produce the Novavax vaccine, but production will not start until the end of the year.
On Friday, the federal government approved the AstraZeneca vaccine, hoping to speed up vaccine deliveries.
Ontario, the province with the largest population, has announced it will begin distributing vaccines to residents aged 80 and above on March 15.
That’s good news for Ms Kopstein. The retired social worker has a long list of activities she is looking forward to doing once she receives both doses.
“What I’d like to do is go to the bookstore. I haven't been to the bookstore in a long time,” said Ms Kopstein. “I would also like to be able to go back to the bridge group and play bridge with my friends. I’d really like to go back and do my own shopping. And top of the list, my number one priority is I’d really like to have a haircut.”
While the end is in sight for Ms Kopstein, Ms Fullerton believes she is still months away from being inoculated.
"If the vaccines keep coming in the way they are coming, the earliest I would get it would be July."
That means her grandson Noah will be 18 months old before she can hold him again.
It is a thought she tries to push away, digging deep into her well of patience, like so many other Canadians, hoping it doesn't dry up before she receives her vaccine.
“There is not a lot we can do to get the vaccine coming in faster. Now it's just having a lot of patience, which is all you can do.”
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.”
UAE tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 2.0-litre 4-cylinder turbo
Power: 275hp at 6,600rpm
Torque: 353Nm from 1,450-4,700rpm
Transmission: 8-speed dual-clutch auto
Top speed: 250kph
Fuel consumption: 6.8L/100km
On sale: Now
Price: Dh146,999
Kandahar%20
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Vikram%20Vedha
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Company%20profile
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The specs
Engine: 1.6-litre 4-cyl turbo
Power: 217hp at 5,750rpm
Torque: 300Nm at 1,900rpm
Transmission: eight-speed auto
Price: from Dh130,000
On sale: now
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP%204
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The specs
Engine: 3.5-litre twin-turbo V6
Power: 380hp at 5,800rpm
Torque: 530Nm at 1,300-4,500rpm
Transmission: Eight-speed auto
Price: From Dh299,000 ($81,415)
On sale: Now
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Mohammed bin Zayed Majlis
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5