• A Palestinian artist paints a mural of a mask-clad schoolgirl in Gaza City. AFP
    A Palestinian artist paints a mural of a mask-clad schoolgirl in Gaza City. AFP
  • A doctor collects a sample for a coronavirus test outside a clinic in Kajang on the outskirts of Kuala Lumpur, Malaysia. AP Photo
    A doctor collects a sample for a coronavirus test outside a clinic in Kajang on the outskirts of Kuala Lumpur, Malaysia. AP Photo
  • A woman sits at her flooded house in Quang Binh province, Vietnam. Reuters
    A woman sits at her flooded house in Quang Binh province, Vietnam. Reuters
  • Aviva Markowitz, left, and Rivka Alter enjoy a drink in a protective bubble at the Lazy Bean Cafe in Teaneck, New Jersey. AP Photo
    Aviva Markowitz, left, and Rivka Alter enjoy a drink in a protective bubble at the Lazy Bean Cafe in Teaneck, New Jersey. AP Photo
  • Actors react at the end of the show after the reopening of the Great Gatsby in London's West End. Reuters
    Actors react at the end of the show after the reopening of the Great Gatsby in London's West End. Reuters
  • Healthcare workers attend to a coronavirus patient at the Intensive Care Unit of Sao Joao Hospital in Porto. AFP
    Healthcare workers attend to a coronavirus patient at the Intensive Care Unit of Sao Joao Hospital in Porto. AFP
  • Musicians play during a tribute to health workers who died amid the new coronavirus pandemic, in Tegucigalpa, Honduras. AFP
    Musicians play during a tribute to health workers who died amid the new coronavirus pandemic, in Tegucigalpa, Honduras. AFP
  • A street vendor sells facemasks in Piliyandala, a suburb of Sri Lanka's capital Colombo. AFP
    A street vendor sells facemasks in Piliyandala, a suburb of Sri Lanka's capital Colombo. AFP
  • Passengers they wait to board a flight at Taipei’s Taoyuan International Airport, in Taiwan. Reuters
    Passengers they wait to board a flight at Taipei’s Taoyuan International Airport, in Taiwan. Reuters
  • A man has his temperature checked on arrival to a midday sermon at Lakemba Mosque in Sydney, Australia. Getty Images
    A man has his temperature checked on arrival to a midday sermon at Lakemba Mosque in Sydney, Australia. Getty Images
  • People look at Apple products at an Apple Store in Shanghai, China. Reuters
    People look at Apple products at an Apple Store in Shanghai, China. Reuters
  • Relatives react outside a house where a person died from Covid-19 in Ciudad Juarez, Mexico. Reuters
    Relatives react outside a house where a person died from Covid-19 in Ciudad Juarez, Mexico. Reuters
  • A person cycles past an empty Galleria Vittorio Emanuele II as the region of Lombardy imposes a curfew after being hit by a surge of Covid-19 infections, in Milan, Italy. Reuters
    A person cycles past an empty Galleria Vittorio Emanuele II as the region of Lombardy imposes a curfew after being hit by a surge of Covid-19 infections, in Milan, Italy. Reuters
  • A man sits on the empty stands of La Bombonera stadium in Buenos Aires before the start of the closed-door Copa Libertadores group phase football match between Argentina's Boca Juniors and Venezuela's Caracas. AFP
    A man sits on the empty stands of La Bombonera stadium in Buenos Aires before the start of the closed-door Copa Libertadores group phase football match between Argentina's Boca Juniors and Venezuela's Caracas. AFP

Coronavirus vaccine: three drugs in race to rid the world of Covid-19


  • English
  • Arabic

The race is on to be the first company to make a safe and effective coronavirus vaccine.

So far, three main partnerships have emerged as the front-runners to provide the world with the vaccine that could return life to normal for billions of people.

So what are the ones you need to know about and how do they work?

Pfizer/BioNTech

This month, the US-German venture published findings that their vaccine stops 90 per cent of people from developing symptoms of coronavirus. Injected into the muscle, the vaccine is given in two doses, three weeks apart.

It has been tested on 43,538 people in six countries including Turkey, the US and Germany.

The UK has already ordered 40 million doses. Pfizer had applied to get approval from the US Food and Drug Administration for emergency use of the vaccine. The FDA will meet on December 10 to discuss the authorisation.

Studies show that Pfizer’s vaccine is equally effective across ages and ethnicities.

Moderna

At anywhere between $25 and $37 a dose, like Pfizer, this vaccine uses a technology known as synthetic messenger RNA (mRNA) which has not been officially used before for infectious diseases.

In contrast to regular vaccines, which train the body’s immune system to respond to a bacteria or virus, mRNA vaccines actually dupe the body into producing its own virus.

“Using mRNA as a drug opens up a breadth of opportunities to treat and prevent disease. mRNA medicines can go inside cells to direct protein production, something not possible with other drug approaches,” Moderna said.

Experimentally, the Moderna vaccine is 94.5 per cent effective in preventing Covid-19.

Late stage trials are still under way, although the vaccine is being studied in 30,000 volunteers who received either the real thing or a dummy shot. Recently, an independent monitoring board examined 95 infections that were recorded after volunteers’ second shot, only five were in people given the vaccine. The company aims to file for emergency use with the FDA as well.

Oxford 

The University of Oxford announced on Monday that the Oxford/AstraZeneca vaccine is currently 70.4 per cent effective at preventing the coronavirus. Tested in two different dosages, the vaccine proved to be 90 per cent and 62 per cent effective respectively, with more efficacy found in the higher dose. About 24,000 volunteers in the UK, Brazil and South Africa participated in the trials. British Prime Minister Boris Johnson called the news from Oxford "incredibly exciting" despite further safety checks being required.

Sputnik V

Named after the Soviet Union's Sputnik satellite, this two-dose vaccine is expected to cost less than $20 on international markets. Developed by Russia's Ministry of Health and its investment fund, trial results delivered 91.4 per cent efficacy in 18,794 volunteers.

Free of charge for Russians, the vaccine uses decades-long medical science involving human adenoviral vectors.

The Russian government said it had received requests from more than 50 countries for the vaccination, 1.2 billion doses of the vaccine in total.

The biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school

 

A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

THE SPECS

Engine: 3-litre V6

Transmission: eight-speed automatic

Power: 424hp

Torque: 580 Nm

Price: From Dh399,000

On sale: Now

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

UAE currency: the story behind the money in your pockets
Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Federer's 11 Wimbledon finals

2003 Beat Mark Philippoussis

2004 Beat Andy Roddick

2005 Beat Andy Roddick

2006 Beat Rafael Nadal

2007 Beat Rafael Nadal

2008 Lost to Rafael Nadal

2009 Beat Andy Roddick

2012 Beat Andy Murray

2014 Lost to Novak Djokovic

2015 Lost to Novak Djokovic

2017 Beat Marin Cilic

Coming soon

Torno Subito by Massimo Bottura

When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.

Akira Back Dubai

Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as,  “an innovative Japanese cuisine prepared with a Korean accent”.

Dinner by Heston Blumenthal

The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems. 

Primera Liga fixtures (all times UAE: 4 GMT)

Friday
Real Sociedad v Villarreal (10.15pm)
Real Betis v Celta Vigo (midnight)
Saturday
Alaves v Barcelona (8.15pm)
Levante v Deportivo La Coruna (10.15pm)
Girona v Malaga (10.15pm)
Las Palmas v Atletico Madrid (12.15am)
Sunday
Espanyol v Leganes (8.15pm)
Eibar v Athletic Bilbao (8.15pm)
Getafe v Sevilla (10.15pm)
Real Madrid v Valencia (10.15pm)

FA CUP FINAL

Manchester City 6
(D Silva 26', Sterling 38', 81', 87', De Bruyne 61', Jesus 68')

Watford 0

Man of the match: Bernardo Silva (Manchester City)

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

Sanchez's club career

2005-2006: Cobreloa

2006-2011 Udinese

2006-2007 Colo-Colo (on loan)

2007-2008 River Plate (on loan)

2011-2014 Barcelona

2014–Present Arsenal

MATCH INFO

Manchester United v Everton
Where:
Old Trafford, Manchester
When: Sunday, kick-off 7pm (UAE)
How to watch: Live on BeIN Sports 11HD

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%202020%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Khaldoon%20Bushnaq%20and%20Tariq%20Seksek%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20Global%20Market%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20HealthTech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20100%3Cbr%3E%3Cstrong%3EFunding%20to%20date%3A%3C%2Fstrong%3E%20%2415%20million%3C%2Fp%3E%0A
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

The biog:

From: Wimbledon, London, UK

Education: Medical doctor

Hobbies: Travelling, meeting new people and cultures 

Favourite animals: All of them 

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

The specs: 2018 GMC Terrain

Price, base / as tested: Dh94,600 / Dh159,700

Engine: 2.0-litre turbocharged four-cylinder

Power: 252hp @ 5,500rpm

Torque: 353Nm @ 2,500rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.4L  / 100km

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

UAE currency: the story behind the money in your pockets
About Housecall

Date started: July 2020

Founders: Omar and Humaid Alzaabi

Based: Abu Dhabi

Sector: HealthTech

# of staff: 10

Funding to date: Self-funded