Shipping containers with 2,000,000 Oxford-AstraZeneca Covid-19 vaccines arrive in Argentina from the US. AFP Photo
Shipping containers with 2,000,000 Oxford-AstraZeneca Covid-19 vaccines arrive in Argentina from the US. AFP Photo
Shipping containers with 2,000,000 Oxford-AstraZeneca Covid-19 vaccines arrive in Argentina from the US. AFP Photo
Shipping containers with 2,000,000 Oxford-AstraZeneca Covid-19 vaccines arrive in Argentina from the US. AFP Photo

US weighs up global distribution of excess Covid-19 vaccines


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In April, the Biden administration announced plans to share millions of Covid-19 vaccine doses with the world by the end of June. Five weeks later, nations around the globe are still waiting to learn where the vaccines will go and how they will be distributed.

It's obviously challenging, because so many countries face this need right now

To President Joe Biden, the doses are not only the ultimate carrot for America's partners abroad, but also a necessary tool for global health, capable of saving millions of lives and returning a semblance of normalcy to friends and foes alike.

The question is, what share of doses should be provided to those who need it most, and how many should be reserved for US partners?

So far, the answer appears to be that the administration will provide the bulk of the doses to Covax, the UN-backed global vaccine sharing programme meant to meet the needs of lower income countries.

While the percentage is not yet finalised, it would mark a substantial – and immediate – boost to the lagging Covax effort, which to date has shared only 76 million doses with needy countries.

The Biden administration is considering reserving about a fourth of the doses for the US to dispense directly to individual nations of its choice.

The growing US stockpile of Covid-19 vaccines is seen not only as a testament to American ingenuity, but also its global privilege.

More than 50 per cent of Americans have received at least one dose of the vaccine, and more than 135 million are fully vaccinated, helping to bring the rate of cases and deaths in the US to the lowest level since the earliest days of the pandemic.

Scores of countries have requested doses from the US, but to date only Mexico and Canada have received a combined 4.5 million doses.

The US also plans to share enough doses with South Korea to vaccinate its 550,000 troops who serve alongside American service members on the peninsula.

The broader US sharing plan is still being finalised, a White House official said, having been the subject of policy debate inside the White House and across the federal government, and also involving Covax and other outside stakeholders such as drug manufacturers and logistics experts.

“Our nation’s going to be the arsenal of vaccines for the rest of the world,” Mr Biden said on May 17, when he announced the US pledge to share more doses.

He added that, compared to other countries like Russia and China that have sought to leverage their domestically produced doses, "we will not use our vaccines to secure favours from other countries".

  • An employee looks at the installation "The Spirits of the Pumpkins Descended Into the Heavens" by Yayoi Kusama in Berlin, Germany. The exhibition is temporarily closed to the general public due to increased coronavirus restrictions. Getty Images
    An employee looks at the installation "The Spirits of the Pumpkins Descended Into the Heavens" by Yayoi Kusama in Berlin, Germany. The exhibition is temporarily closed to the general public due to increased coronavirus restrictions. Getty Images
  • German Health Minister Jens Spahn visits the Allergopharma plant in Reinbek near Hamburg, northern Germany. The company has started production of Pfizer/BioNTech's vaccine. AFP
    German Health Minister Jens Spahn visits the Allergopharma plant in Reinbek near Hamburg, northern Germany. The company has started production of Pfizer/BioNTech's vaccine. AFP
  • A nurse takes care of a Covid-19 patient in the intensive care unit of the community hospital in Magdeburg, eastern Germany. AFP
    A nurse takes care of a Covid-19 patient in the intensive care unit of the community hospital in Magdeburg, eastern Germany. AFP
  • Pupils of the High School Buergerwiese sit at socially distanced tables in the school's sport hall while taking exams in Dresden, Germany. AP Photo
    Pupils of the High School Buergerwiese sit at socially distanced tables in the school's sport hall while taking exams in Dresden, Germany. AP Photo
  • Customers queue for access to a JD Sports store in Amsterdam, the Netherlands. Shops and outdoor seating at restaurants and cafes have partially reopened. Bloomberg
    Customers queue for access to a JD Sports store in Amsterdam, the Netherlands. Shops and outdoor seating at restaurants and cafes have partially reopened. Bloomberg
  • A Bullfighting School pupil practises at Las Ventas bullring in Madrid, Spain. AFP
    A Bullfighting School pupil practises at Las Ventas bullring in Madrid, Spain. AFP
  • Staff disinfects a theater as the Ambrosio multiplex cinema as it reopens after a long period of closure due to the coronavirus pandemic, in Turin, Italy. EPA
    Staff disinfects a theater as the Ambrosio multiplex cinema as it reopens after a long period of closure due to the coronavirus pandemic, in Turin, Italy. EPA
  • Police officers make a routine check in restaurants to verify compliance with Covid-19 measures in Vincennes, near Paris, France. Reuters
    Police officers make a routine check in restaurants to verify compliance with Covid-19 measures in Vincennes, near Paris, France. Reuters
  • A woman, wearing a protective face mask, walks past a closed restaurant in Paris, France. Reuters
    A woman, wearing a protective face mask, walks past a closed restaurant in Paris, France. Reuters

Still, the partnership with the South Korean military points to the ability of the US to use its vaccine stockpile to benefit some of its better-off allies.

It was not clear whether South Korea would pay for its doses from the US. Most of the other doses were expected to be donated.

Covax boost

Samantha Power, the new USAid administrator, provided the first indication of the likely allocation last week in testimony to the Senate.

She told the Senate Appropriations Committee that “75 per cent of the doses we share will likely be shared through Covax. Twenty-five per cent of whatever our excess supply is that we are donating will be reserved to be able to deploy bilaterally.”

Administration officials cautioned that Mr Biden had not yet signed off on the precise split and that it could still change. One said the administration would be working in coming days to synchronise its supplies with the global vaccine-sharing organisations.

Mr Biden has committed to providing other nations with all 60 million domestically produced doses of the AstraZeneca vaccine.

That vaccine has yet to be authorised for use in the US but is widely approved around the world. The US-produced doses will be available to ship as soon as they clear a safety review by the Food and Drug Administration.

The president has also promised to share 20 million doses from existing production of Pfizer, Moderna and Johnson & Johnson vaccine stocks. Even more doses are expected to be made available to share in the months ahead.

As part of its purchase agreements with drug manufacturers, the US controlled the initial production by its domestic manufacturers. Pfizer and Moderna are only now starting to export vaccines produced in the US to overseas customers. The US has hundreds of millions more doses on order, both of authorised and in-development vaccines.

"It's obviously challenging because so many countries face this need right now," Ms Power said, calling the decision of where to send doses "an urgent question".

She said it hinged on a combination of "the relationship we have with the countries, the public health and epidemiological scientific trajectory of the disease, and a sense of where the vaccines can do the most good, the infrastructure and readiness of countries to receive vaccines".

The US has pledged $4 billion to Covax to help it procure and distribute vaccines. Covax has committed to sharing the doses with more than 90 countries, including many with which the US has tumultuous relations.

Leaving it to Covax to decide how the bulk of the US-provided doses are distributed is seen by the administration as the most equitable way to determine who will benefit. That could allow the US to avoid any political fallout that might come from sharing the vaccine directly with adversaries.

“It’s not only a symbol of American values – it’s smart global health policy,” said Tom Hart, acting CEO of the ONE Campaign, which has pressed the Biden administration to move faster to develop its global sharing plan.

"I don't want a variant cooking up in some remote part of the world, anywhere in the world, which then might get around the current vaccines that we've got."

Globally, more than 3.5 million people are confirmed to have died from the coronavirus. The US has seen the largest confirmed loss of life from Covid-19, with more than 594,000 deaths.

The%20specs
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Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

Scoreline

Arsenal 3
Aubameyang (28'), Welbeck (38', 81')
Red cards: El Neny (90' 3)

Southampton 2
Long (17'), Austin (73')
Red cards: Stephens (90' 2)

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: 2018 Infiniti QX80

Price: base / as tested: Dh335,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 400hp @ 5,800rpm

Torque: 560Nm @ 4,000rpm

Fuel economy, combined: 12.1L / 100km

Traces%20of%20Enayat
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SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

The major Hashd factions linked to Iran:

Badr Organisation: Seen as the most militarily capable faction in the Hashd. Iraqi Shiite exiles opposed to Saddam Hussein set up the group in Tehran in the early 1980s as the Badr Corps under the supervision of the Iran Revolutionary Guards Corps (IRGC). The militia exalts Iran’s Supreme Leader Ali Khamenei but intermittently cooperated with the US military.

Saraya Al Salam (Peace Brigade): Comprised of former members of the officially defunct Mahdi Army, a militia that was commanded by Iraqi cleric Moqtada Al Sadr and fought US and Iraqi government and other forces between 2004 and 2008. As part of a political overhaul aimed as casting Mr Al Sadr as a more nationalist and less sectarian figure, the cleric formed Saraya Al Salam in 2014. The group’s relations with Iran has been volatile.

Kataeb Hezbollah: The group, which is fighting on behalf of the Bashar Al Assad government in Syria, traces its origins to attacks on US forces in Iraq in 2004 and adopts a tough stance against Washington, calling the United States “the enemy of humanity”.

Asaeb Ahl Al Haq: An offshoot of the Mahdi Army active in Syria. Asaeb Ahl Al Haq’s leader Qais al Khazali was a student of Mr Al Moqtada’s late father Mohammed Sadeq Al Sadr, a prominent Shiite cleric who was killed during Saddam Hussein’s rule.

Harakat Hezbollah Al Nujaba: Formed in 2013 to fight alongside Mr Al Assad’s loyalists in Syria before joining the Hashd. The group is seen as among the most ideological and sectarian-driven Hashd militias in Syria and is the major recruiter of foreign fighters to Syria.

Saraya Al Khorasani:  The ICRG formed Saraya Al Khorasani in the mid-1990s and the group is seen as the most ideologically attached to Iran among Tehran’s satellites in Iraq.

(Source: The Wilson Centre, the International Centre for the Study of Radicalisation)

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

UAE Falcons

Carly Lewis (captain), Emily Fensome, Kelly Loy, Isabel Affley, Jessica Cronin, Jemma Eley, Jenna Guy, Kate Lewis, Megan Polley, Charlie Preston, Becki Quigley and Sophie Siffre. Deb Jones and Lucia Sdao – coach and assistant coach.

 
THE DETAILS

Kaala

Dir: Pa. Ranjith

Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar  

Rating: 1.5/5 

Quick%20facts
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Dengue%20fever%20symptoms
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The bio

Favourite vegetable: Broccoli

Favourite food: Seafood

Favourite thing to cook: Duck l'orange

Favourite book: Give and Take by Adam Grant, one of his professors at University of Pennsylvania

Favourite place to travel: Home in Kuwait.

Favourite place in the UAE: Al Qudra lakes

PRISCILLA
%3Cp%3EDirector%3A%20Sofia%20Coppola%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Cailee%20Spaeny%2C%20Jacob%20Elordi%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”