Surrounded by Army cadets, President Donald Trump watches the first half of the 121st Army-Navy Football Game in Michie Stadium at the United States Military Academy, Saturday, Dec. 12, 2020, in West Point, N.Y. (AP Photo/Andrew Harnik)
Surrounded by Army cadets, President Donald Trump watches the first half of the 121st Army-Navy Football Game in Michie Stadium at the United States Military Academy, Saturday, Dec. 12, 2020, in West Point, N.Y. (AP Photo/Andrew Harnik)
Surrounded by Army cadets, President Donald Trump watches the first half of the 121st Army-Navy Football Game in Michie Stadium at the United States Military Academy, Saturday, Dec. 12, 2020, in West Point, N.Y. (AP Photo/Andrew Harnik)
Surrounded by Army cadets, President Donald Trump watches the first half of the 121st Army-Navy Football Game in Michie Stadium at the United States Military Academy, Saturday, Dec. 12, 2020, in West

Covid-19: Trump not on list as US begins vaccinations


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President Donald Trump said that he and White House officials would not be among the first to be vaccinated when the United States begins its coronavirus vaccination programme on Monday.

Mr Trump said in a tweet on Sunday that he had directed that top government officials should be vaccinated “somewhat later.” He said he personally was "not scheduled” to be vaccinated.

Other top US officials are expected to be offered the newly-approved Pfizer-BioNTech coronavirus vaccine within days as part of a plan to ensure continuity in government amid the pandemic.

Mr Trump, his wife Melania and and a number of White House officials contracted the virus earlier this year but without becoming critically ill.

The Pfizer vaccine, which has a reported 95 per cent efficacy rate, will be offered to essential personnel in all three branches of government. The shots will be staggered over the following 10 days to ensure staff do not experience possible side effects all at the same time, people familiar with the vaccination plan told Bloomberg.

Health officials are seeking to build public confidence in the vaccinations and have recommended offering doses to top government members as a way to achieve this.

National Security Council spokesman John Ullyot confirmed the plan in a statement late on Sunday.

“The American people should have confidence that they are receiving the same safe and effective vaccine as senior officials of the United States government on the advice of public health professionals and national security leadership,” he said.

President-elect Joe Biden will follow the guidance of Anthony Fauci, the government’s top infectious disease expert, about when to take a coronavirus vaccine and will have it administered in public, a transition official said.

In general, the first people in the US to get the Pfizer vaccine approved on Friday will be healthcare workers and vulnerable residents of care homes. Various other groups, from airline workers to teachers to meatpackers, are keen for early access too.

US health officials on Sunday warned that scepticism about the vaccines among many Americans may be a barrier to the nation achieving “herd immunity” against the coronavirus.

“The way we get through this is to achieve herd immunity,” US Food and Drug Administration chief Stephen Hahn said on ABC. “And that means we need to vaccinate a significant number of people in this country, including those who are hesitant.”

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Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

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COMPANY PROFILE

Company name: Letstango.com

Started: June 2013

Founder: Alex Tchablakian

Based: Dubai

Industry: e-commerce

Initial investment: Dh10 million

Investors: Self-funded

Total customers: 300,000 unique customers every month

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

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.

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

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.”

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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)
The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
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