• A young woman receives a Pfizer jab in Diepsloot Township near Johannesburg, South Africa. AP Photo
    A young woman receives a Pfizer jab in Diepsloot Township near Johannesburg, South Africa. AP Photo
  • A girl wearing a face mask rides on a merry-go-round at the Christmas market in Frankfurt, Germany. AP Photo
    A girl wearing a face mask rides on a merry-go-round at the Christmas market in Frankfurt, Germany. AP Photo
  • People travel on a London underground tube train on the Jubilee Line, in London, during the pandemic. AP Photo
    People travel on a London underground tube train on the Jubilee Line, in London, during the pandemic. AP Photo
  • People wait for the tram in Vienna, Austria, amid the crisis. AP Photo
    People wait for the tram in Vienna, Austria, amid the crisis. AP Photo
  • A woman passes by an empty terrace in the Marrolles quarter in Brussels, Belgium. AP Photo
    A woman passes by an empty terrace in the Marrolles quarter in Brussels, Belgium. AP Photo
  • A teacher gives online lessons via webcam at the temporarily closed elementary school in the town of Trebisov, eastern Slovakia. TASR via AP
    A teacher gives online lessons via webcam at the temporarily closed elementary school in the town of Trebisov, eastern Slovakia. TASR via AP
  • Hairdressers and clients wear masks in Amsterdam, Netherlands. AFP
    Hairdressers and clients wear masks in Amsterdam, Netherlands. AFP
  • A man disinfects seats for tourists at a beach in Kuta, Bali, Indonesia. EPA
    A man disinfects seats for tourists at a beach in Kuta, Bali, Indonesia. EPA
  • Israeli boy Itamar, 5, receives a dose of the Pfizer/BioNTech Covid-19 vaccine at the Meuhedet Healthcare Services Organisation in Tel Aviv. AFP
    Israeli boy Itamar, 5, receives a dose of the Pfizer/BioNTech Covid-19 vaccine at the Meuhedet Healthcare Services Organisation in Tel Aviv. AFP
  • A patient suffering from Covid-19 is admitted in the intensive care unit of the Basaksehir Cam and Sakura City Hospital in Istanbul, Turkey. Reuters
    A patient suffering from Covid-19 is admitted in the intensive care unit of the Basaksehir Cam and Sakura City Hospital in Istanbul, Turkey. Reuters
  • A health worker prepares to administer the AstraZeneca jab in Abuja, Nigeria. AFP
    A health worker prepares to administer the AstraZeneca jab in Abuja, Nigeria. AFP

WHO labels B.11.529 Omicron strain as 'variant of concern'


Damien McElroy
  • English
  • Arabic

The World Health Organisation designated the new B.11.529 Covid-19 mutation as a “variant of concern” following an emergency meeting as governments ban incoming flights from South Africa, where at least 77 cases have been detected.

The agency named the new variant Omicron.

“This variant has a large number of mutations, some of which are concerning. Preliminary evidence suggests an increased risk of reinfection with this variant, as compared to other [variants of concern]," the WHO said in a statement on Friday.

The variant, which was first detected in South Africa, has led to flight bans and a scramble to determine vaccine efficacy.

The EU, US and Canada all followed Britain's move to impose travel restrictions on visitors from southern Africa.

Omicron is the latest coronavirus strain to emerge, following the currently dominant Delta variant, which was first detected in India in October 2020.

The Delta variant has overtaken other strains of the virus in most countries and has accounted for 99.8 per cent of sequenced cases over the past 60 days, the latest weekly report from the WHO shows.

The Gamma variant, which accounts for 0.1 per cent of sequenced cases, followed Alpha and Beta, which each make up less than 0.1 per cent.

Lesser-known variants like Mu and Lambda are rarely sequenced.

However, the WHO says that at a regional and national level, there are variations in which strains dominate, especially in certain South American countries where Delta has been slower to spread.

The emergence of variants is a natural process that happens as the virus mutates to ensure its survival over time.

Video: WHO declares B.1.1.529 a variant of concern

Most mutations have little or no impact on the virus's ability to infect or cause severe disease.

But certain mutations can affect how easily the virus can spread, the degree of severity of the disease they cause and how well a vaccine can respond to them.

WHO experts following the evolution of Covid-19 gathered on Friday to determine whether the latest variant should be classified as one “of concern” or “of interest".

They announced that it would take “several weeks” to understand how contagious B. 1.1.529 is and the severity of the illness it can cause.

Work is now underway to look at tweaking vaccines against new coronavirus mutations.

Novavax said it has "already initiated development of a new recombinant spike protein based on the known genetic sequence of B.1.1.529 and will have it ready to begin testing and manufacturing within the next few weeks".

Moderna said: "Since early 2021, Moderna has advanced a comprehensive strategy to anticipate new variants of concern.

"This strategy includes three levels of response should the currently authorised 50 microgram booster dose of mRNA-1273 prove insufficient to boost waning immunity against the Omicron variant."

In a statement reported by the Guardian, Pfizer and BioNTech said they took action "months ago to be able to adapt the mRNA vaccine within six weeks and ship initial batches within 100 days in the event of an escape variant"

Previously, the WHO classified the Alpha, Beta, Gamma and Delta variants as “of concern".

They are considered worrying because they are highly contagious or cause more severe illness.

Mu and Lambda are considered “variants of interest” because they show genetic changes that mean they have the potential to become more contagious, harder to detect or cause more severe illness.

All variants are classified by “lineage” and have a specific spot in the family tree that originates with the first Sars-CoV-2 virus.

The Delta variant is about twice as contagious as previous variants and vaccines are about 40 per cent less effective at preventing infection from Delta than from other variants.

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

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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 years Ramadan fell in May

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1888

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Torque: 320Nm

Price: From Dh147,000

Available: Now

Lexus LX700h specs

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Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

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Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

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UAE release: January 31 

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10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

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Squid Game season two

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Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

Venom

Director: Ruben Fleischer

Cast: Tom Hardy, Michelle Williams, Riz Ahmed

Rating: 1.5/5

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Hobbies: Cooking. Biryani, pepper crab are her signature dishes

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Updated: November 28, 2021, 6:34 AM