• Wuhan High School pupils attend a ceremony marking the new autumn semester in Wuhan, Hubei Province, China. EPA
    Wuhan High School pupils attend a ceremony marking the new autumn semester in Wuhan, Hubei Province, China. EPA
  • Pope Francis blesses the faithful at the San Damaso courtyard in The Vatican. AFP
    Pope Francis blesses the faithful at the San Damaso courtyard in The Vatican. AFP
  • Uzbek students take open-air entrance exams in Tashkent amid the ongoing coronavirus disease pandemic. AFP
    Uzbek students take open-air entrance exams in Tashkent amid the ongoing coronavirus disease pandemic. AFP
  • An elderly pedestrian walks past graffiti depicting famous artworks wearing masks in Glasgow, Scotland. AFP
    An elderly pedestrian walks past graffiti depicting famous artworks wearing masks in Glasgow, Scotland. AFP
  • Tesla and SpaceX chief Elon Musk presents a vaccine production device next to Christian Democratic Union and Christian Social Union faction leader in the German parliament Bundestag Ralph Brinkhaus and German Minister of Economy and Energy Peter Altmaier in Berlin, Germany. Getty Images
    Tesla and SpaceX chief Elon Musk presents a vaccine production device next to Christian Democratic Union and Christian Social Union faction leader in the German parliament Bundestag Ralph Brinkhaus and German Minister of Economy and Energy Peter Altmaier in Berlin, Germany. Getty Images
  • Australian-US actress Cate Blanchett adjusts her face mask as she poses during a photocall on the opening day of the 77th Venice Film Festival. AFP
    Australian-US actress Cate Blanchett adjusts her face mask as she poses during a photocall on the opening day of the 77th Venice Film Festival. AFP
  • A protective services officer walks past a sculpture of three businessmen in Melbourne's central business district. AFP
    A protective services officer walks past a sculpture of three businessmen in Melbourne's central business district. AFP
  • A man wearing a mask walks on an empty street during curfew in Havana, Cuba. AP Photo
    A man wearing a mask walks on an empty street during curfew in Havana, Cuba. AP Photo
  • A Red Cross volunteer works inside a room full of beds at Tecnopolis Park in Buenos Aires, Argentina. AP Photo
    A Red Cross volunteer works inside a room full of beds at Tecnopolis Park in Buenos Aires, Argentina. AP Photo
  • Former Australian prime minister Tony Abbott wearing a protective mask is driven away from 8 Great George Street after speaking at a Policy Exchange event in London, Britain. EPA
    Former Australian prime minister Tony Abbott wearing a protective mask is driven away from 8 Great George Street after speaking at a Policy Exchange event in London, Britain. EPA

US CDC tells states to prep for November vaccine roll-out


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The US Centres for Disease Control and Prevention has asked states to prepare for Covid-19 vaccine distribution as soon as late October.

Documents published by the CDC on Wednesday show that vaccines would be made available first, free of cost, to high-risk groups – including healthcare workers, national security personnel and nursing home residents and staff.

The timing could not be more important politically, as an October arrival of the vaccine would come right before US President Donald Trump seeks re-election in November.

Covid-19 has killed more than 190,000 Americans and counting – and the Trump administration has poured billions of federal dollars into developing a vaccine.

"For the purpose of initial planning, CDC provided states with certain planning assumptions as they work on state-specific plans for vaccine distribution, including possibly having limited quantities of vaccines in October and November," a CDC spokeswoman told Reuters.

The country's top infectious disease expert Anthony Fauci told MSNBC on Wednesday that based on the patient enrolment rate in vaccine trials already under way, there could be enough clinical data to know by November or December whether one of the vaccines is safe and effective.

Regulators around the world have repeatedly said development speed would not compromise vaccine safety, as quicker results would stem from conducting parallel trials that are usually done in sequence.

Drug developers including Moderna, AstraZeneca and Pfizer are currently leading the race to develop a safe and effective Covid-19 vaccine.

The CDC documents describe two potential vaccine options, which match the profiles of candidates from Pfizer and Moderna.

The news came as a Trump administration official said that the US would not pay $80 million it owes the World Health Organisation and instead direct the money to pay its bill to the United Nations.

The United States plans to leave the Geneva-based WHO on July 6, 2021, after Mr Trump accused it of becoming a puppet for China during the coronavirus pandemic. The WHO has rejected Mr Trump's assertion.

"The United States has long been the world’s most generous provider of health and humanitarian assistance to people around the world. This assistance is provided with the support of the American taxpayer with the reasonable expectation that it serve an effective purpose and reach those in need," said State Department Spokeswoman Morgan Ortagus.

"Unfortunately, the World Health Organization has failed badly by those measures, not only in its response to Covid-19, but to other health crises in recent decades. In addition, WHO has declined to adopt urgently needed reforms, starting with demonstrating its independence from the Chinese Communist Party," she said.

Under a 1948 joint resolution of the US Congress, Mr Trump had to give one-year notice of the withdrawal from the WHO and is required to pay what Washington owes for the organisation's current fiscal year.

The United States currently owes the WHO $18 million for the financial year 2019 and $62 million for the financial year 2020.

Ms Ortagus said the US would also scale down its engagement with the WHO by recalling representatives based in the organisation's headquarters and at regional offices.

Former vice president Joe Biden has said the United States will re-join the WHO if he defeats Mr Trump in the presidential election in November.

While countries continue to wait on a vaccine, increasing testing capacity is seen as key to controlling the virus.

Britain said it was investing in trials of a 20-minute Covid-19 test, with a view to rolling out widespread, systematic testing to detect outbreaks early, amid criticism over backlogs in its current testing system.

Health Minister Matt Hancock has said he hopes mass testing using faster Covid-19 tests can be rolled out towards the end of the year, adding that they are key to restoring freedoms after months of restrictions.

"I want to solve the problem by having the next generation tests at a radically bigger scale. You can't do that on the current technology very easily," he told BBC television.

Britain is looking to develop tests which do not need to be read in a lab, giving results in a matter of minutes, rather than the current next-day target.

Meanwhile, South Korea said on Thursday that it would double its critical-care hospital beds after a severe shortage highlighted the strain the pandemic is having even on well-equipped countries.

The spike in serious cases, with older people making up an increasing proportion of patients amid a broader resurgence, marks a sharp turn for a country that was seen as successful in crushing one of the worst early outbreaks of the new coronavirus outside China.

Fewer than 10 intensive-care beds were available in the greater Seoul area, a metropolis of 26 million people, as of Tuesday, health authorities said.

The crisis is growing more acute as more than 40 per cent of the country's new coronavirus victims are 60 or older, up from 20 per cent a month ago, health authorities said.

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

The biog

Favourite book: Men are from Mars Women are from Venus

Favourite travel destination: Ooty, a hill station in South India

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

Favourite place in UAE: Marjan Island

Cricket World Cup League 2 Fixtures

Saturday March 5, UAE v Oman, ICC Academy (all matches start at 9.30am)

Sunday March 6, Oman v Namibia, ICC Academy

Tuesday March 8, UAE v Namibia, ICC Academy

Wednesday March 9, UAE v Oman, ICC Academy

Friday March 11, Oman v Namibia, Sharjah Cricket Stadium

Saturday March 12, UAE v Namibia, Sharjah Cricket Stadium

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, CP Rizwan, Vriitya Aravind, Asif Khan, Basil Hameed, Rohan Mustafa, Kashif Daud, Zahoor Khan, Junaid Siddique, Karthik Meiyappan, Akif Raja, Rahul Bhatia

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
TOUCH RULES

Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.

Teams can make as many substitutions as they want during the 40 minute matches.

Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.

A touch is any contact between the player with the ball and a defender, and must be with minimum force.

After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.

At the roll-ball, the defenders have to retreat a minimum of five metres.

A touchdown is scored when an attacking player places the ball on or over the score-line.

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800

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.”

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

2020 Oscars winners: in numbers
  • Parasite – 4
  • 1917– 3
  • Ford v Ferrari – 2
  • Joker – 2
  • Once Upon a Time ... in Hollywood – 2
  • American Factory – 1
  • Bombshell – 1
  • Hair Love – 1
  • Jojo Rabbit – 1
  • Judy – 1
  • Little Women – 1
  • Learning to Skateboard in a Warzone (If You're a Girl) – 1
  • Marriage Story – 1
  • Rocketman – 1
  • The Neighbors' Window – 1
  • Toy Story 4 – 1
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 

PREMIER LEAGUE FIXTURES

All times UAE ( 4 GMT)

Saturday
West Ham United v Tottenham Hotspur (3.30pm)
Burnley v Huddersfield Town (7pm)
Everton v Bournemouth (7pm)
Manchester City v Crystal Palace (7pm)
Southampton v Manchester United (7pm)
Stoke City v Chelsea (7pm)
Swansea City v Watford (7pm)
Leicester City v Liverpool (8.30pm)

Sunday
Brighton and Hove Albion v Newcastle United (7pm)

Monday
Arsenal v West Bromwich Albion (11pm)

What%20is%20cystic%20fibrosis%3F
%3Cul%3E%0A%3Cli%3ECystic%20fibrosis%20is%20a%20genetic%20disorder%20that%20affects%20the%20lungs%2C%20pancreas%20and%20other%20organs.%3C%2Fli%3E%0A%3Cli%3EIt%20causes%20the%20production%20of%20thick%2C%20sticky%20mucus%20that%20can%20clog%20the%20airways%20and%20lead%20to%20severe%20respiratory%20and%20digestive%20problems.%3C%2Fli%3E%0A%3Cli%3EPatients%20with%20the%20condition%20are%20prone%20to%20lung%20infections%20and%20often%20suffer%20from%20chronic%20coughing%2C%20wheezing%20and%20shortness%20of%20breath.%3C%2Fli%3E%0A%3Cli%3ELife%20expectancy%20for%20sufferers%20of%20cystic%20fibrosis%20is%20now%20around%2050%20years.%3C%2Fli%3E%0A%3C%2Ful%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5