• Medical staff inside a Covid-19 screening centre at Cleveland Clinic Abu Dhabi. Reuters
    Medical staff inside a Covid-19 screening centre at Cleveland Clinic Abu Dhabi. Reuters
  • A healthcare worker tests a man for Covid-19 at Cleveland Clinic Abu Dhabi. Reuters
    A healthcare worker tests a man for Covid-19 at Cleveland Clinic Abu Dhabi. Reuters
  • A health worker examines a sample taken from a labourer in the Al Quoz district of Dubai. The UAE has significantly increased testing for the coronavirus that causes Covid-19. AFP
    A health worker examines a sample taken from a labourer in the Al Quoz district of Dubai. The UAE has significantly increased testing for the coronavirus that causes Covid-19. AFP
  • A medic takes samples from a worker at a testing centre in Al Quoz. AFP
    A medic takes samples from a worker at a testing centre in Al Quoz. AFP
  • A man wearing a protective mask has his body temperature reading taken upon arriving at the police station in Naif. AFP
    A man wearing a protective mask has his body temperature reading taken upon arriving at the police station in Naif. AFP
  • An employee wears a protective face mask and shield while collecting carts outside a Lulu hypermarket in Dubai. Bloomberg
    An employee wears a protective face mask and shield while collecting carts outside a Lulu hypermarket in Dubai. Bloomberg
  • A man, wearing a protective mask to prevent the spread of the coronavirus, has his temperature taken at the Ibn Battuta centre in Dubai. AFP
    A man, wearing a protective mask to prevent the spread of the coronavirus, has his temperature taken at the Ibn Battuta centre in Dubai. AFP
  • Frontline workers, such as medics leading the fight against Covid-19, are being recognised in the UAE. Reuters
    Frontline workers, such as medics leading the fight against Covid-19, are being recognised in the UAE. Reuters

New Delta-detecting PCR test to boost UAE Covid-19 fight


Chris Maxwell
  • English
  • Arabic

A Covid-19 screening provider has developed a new PCR test aimed at identifying the highly contagious Delta variant.

Unilabs, a leading European diagnostic services firm, is working with health authorities in the UAE, as well as countries such as the UK, France, Switzerland and Spain, to track the spread of the surging mutation.

Earlier this week, officials said the Delta strain accounted for a third of all new Covid-19 infections in the Emirates.

Delta is the name given to the variant first detected last October in India.

It prompted a devastating surge in case numbers in the country and is also responsible for more than 90 per cent of new infections in the UK, according to Public Health England.

A potentially more transmissible mutation of Delta was recently discovered in India, identified as Delta Plus.

The World Health Organisation says the mutation could prove more deadly in time.

"With the Delta variant spreading fast, and well on its way to becoming the dominant strain of Covid-19 in many parts of Europe, we put our teams to work and came up with a test that can reliably identify this variant," said Timoteo Guimarães, who runs Unilabs' Covid-19 business unit.

"We are using the same techniques we created to detect the Kent variant, and we expect to quickly track any future variants, too."

Data from Unilabs' testing efforts is being used to better understand the variant, helping health officials to put measures in place to contain it.

Unilabs offers PCR testing as well as antigen and serology tests.

Since the start of the Covid-19 pandemic, the group has performed more than 12 million Covid-19 tests around the world.

Unilabs recently signed an agreement to incorporate its global Covid-19 testing network into IATA Travel Pass app.

Reliable testing is key to easing restrictions across the globe and for international travel.

Mass public screening has been a focus for the UAE in its bid to stem the spread of the virus, alongside an extensive vaccination campaign.

More than 57 million PCR tests have been conducted in the country since the outbreak began.





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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Updated: July 01, 2021, 5:17 AM