European Commissioner for Health and Food Safety Stella Kyriakides met health ministers on Tuesday to discuss ways of providing health care for those fleeing Ukraine. Reuters
European Commissioner for Health and Food Safety Stella Kyriakides met health ministers on Tuesday to discuss ways of providing health care for those fleeing Ukraine. Reuters
European Commissioner for Health and Food Safety Stella Kyriakides met health ministers on Tuesday to discuss ways of providing health care for those fleeing Ukraine. Reuters
European Commissioner for Health and Food Safety Stella Kyriakides met health ministers on Tuesday to discuss ways of providing health care for those fleeing Ukraine. Reuters

EU launches campaign for private sector to donate to Ukraine


Layla Maghribi
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The European Commission on Tuesday introduced a system for the private sector to donate material goods to Ukraine and EU member states neighbouring the country.

From vaccines and medication to tents, companies will be able to help cater for the needs of internally displaced and refugees under the new 'Stand Up For Ukraine' programme.

The EU says it will co-ordinate and cover the delivery costs of large scale in-kind donations to its logistical hubs in either Poland, Romania or Slovakia.

President of the European Commission Ursula von der Leyen said the new donation system was necessary to help “the brave people of Ukraine" who "need our help and they need it now."

"‘Stand Up For Ukraine' aims to raise funding for refugee relief but also to bring them the items they so desperately need in these difficult times — vaccines for children, medication, tents, for example. The international community is standing by Ukraine.”

An estimated 13 million people have either been internally displaced in Ukraine or are now refugees in other countries.

It is also crucial to focus on mental health and the psychological impact and consequences of the Russian war and we will provide assistance
Stella Kyriakides,
European Health Commissioner

UN data showed a week ago that more than 3.5 million people have fled abroad from Russia's attacks on Ukraine, leaving eastern Europe scrambling to provide them with care.

Launched by Ms von der Leyen and Prime Minister of Canada Justin Trudeau, in partnership with international advocacy organisation Global Citizen, the donation campaign aims to mobilise governments, institutions, artists, companies and people to support humanitarian efforts in Ukraine and neighbouring countries.

EU commissioner for crisis management Janez Lenarcic said the war in Ukraine had created "immense needs on the ground" and that the bloc was using its "full civil protection potential" to open up additional channels for the private sector to donate aid.

The announcement was made after a meeting of European health ministers on Tuesday to discuss the on-going medical and humanitarian situation in Ukraine and refugees.

Health commissioner Stella Kyriakides said the EU is setting up triage centres at the borders to assess medical needs of patients and identify available capacity across the bloc if needed.

Ms Kyriakides said the EU had already secured more than 10,000 hospital beds for patients from Ukraine and had already transferred paediatric and injured patients.

"It is also crucial to focus on mental health and the psychological impact and consequences of the Russian war and we will provide assistance," she said.

Plugging the gaps

Ukraine's low vaccination coverage for preventable diseases such as tuberculosis, polio and measles, was also addressed with the private sector called on to plug necessary gaps.

The EU health commissioner said the European Health Emergency preparedness and Response Authority (HERA) had secured 200,000 diphtheria and tetanus vaccine donations from drugmaker Sanofi for Ukraine and that another 70,000 vaccines would go to the Czech Republic, Slovakia and Moldova via the EU's Civil Protection Mechanism.

"We remain vigilant that the Covid-19 pandemic is still with us. Vaccination is as important today as it was a few months ago …[and] remains our best tool in combating the pandemic and we must be prepared for the autumn and winter months," said Ms Kyriakides.

"Vaccinations and boosters must continue, we cannot waver. Ukraine and the arrival of millions of people add an additional layer of urgency to our work to ensure their protection with vaccination."

Ms Kyriakides said the EU had enough Covid-19 vaccinations for Ukrainian refugees.

"We have enough vaccines to be able to cover Ukrainian refugees but the most important thing is to welcome those fleeing Ukraine and providing them with the health care they deserve and need."

The bio

Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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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Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

CHELSEA SQUAD

Arrizabalaga, Bettinelli, Rudiger, Christensen, Silva, Chalobah, Sarr, Azpilicueta, James, Kenedy, Alonso, Jorginho, Kante, Kovacic, Saul, Barkley, Ziyech, Pulisic, Mount, Hudson-Odoi, Werner, Havertz, Lukaku. 

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Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

Surianah's top five jazz artists

Billie Holliday: for the burn and also the way she told stories.  

Thelonius Monk: for his earnestness.

Duke Ellington: for his edge and spirituality.

Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.

Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
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MATCH INFO

Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)

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In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

UAE SQUAD

Ahmed Raza (Captain), Rohan Mustafa, Jonathan Figy, CP Rizwan, Junaid Siddique, Mohammad Usman, Basil Hameed, Zawar Farid, Vriitya Aravind (WK), Waheed Ahmed, Karthik Meiyappan, Zahoor Khan, Darius D'Silva, Chirag Suri

The%20Roundup
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Updated: March 29, 2022, 5:28 PM