A health worker administers polio vaccine drops to a child during a door-to-door polio campaign in Karachi. Rizwan Tabassum / AFP
A health worker administers polio vaccine drops to a child during a door-to-door polio campaign in Karachi. Rizwan Tabassum / AFP
A health worker administers polio vaccine drops to a child during a door-to-door polio campaign in Karachi. Rizwan Tabassum / AFP
A health worker administers polio vaccine drops to a child during a door-to-door polio campaign in Karachi. Rizwan Tabassum / AFP

Bill Gates: The UAE is a powerful ally in the fight to eradicate diseases that afflict the world's poorest people


Bill Gates
  • English
  • Arabic

In 2011, my wife Melinda and I began working with His Highness Sheikh Mohammed bin Zayed on a big global health project: We wanted to eradicate polio and ensure that all children were immunised against it and other diseases.

Seven years later, polio is on the verge of eradication. The world has only witnessed 18 new cases of wild polio in 2018, and that’s in no small part thanks to the generosity of the UAE and its support to get vaccines to children in hard-to-reach parts of Pakistan.

The UAE has also been an effective ally in the fight against other deadly and debilitating diseases that affect the world’s poorest people, such as malaria, river blindness, and lymphatic filariasis. In December 2018, the UAE will host another major global health meeting in Abu Dhabi in partnership with Gavi, the Vaccine Alliance – where health leaders from around the world will gather to take stock of immunisation progress and consider how vaccines can best be used to save lives and strengthen communities.

The world has changed a lot over the last half century, but arguably the biggest – and best – change is that there are now far, far fewer people living in extreme poverty than there were 50 years ago.

In 1966, half the world’s population was living on less than $1.90/day (adjusted for inflation). As of 2017, it was 9 per cent.

This reduction of global poverty is something that's always made me optimistic about the world − but now there's something that worries me too. New data show that the fight against suffering may be on verge of stalling in sub-Saharan Africa.

Each year, our foundation releases a report on the state of global poverty, and for the first time, we’ve found that the number of people living in extreme poverty might stop declining and may even start growing again. That’s because the poorest corners of the world, most of which happen to be in Africa, are experiencing much faster population growth than everywhere else.

US business magnate Bill Gates looks on during the One Planet Summit at the Plaza Hotel on the sidelines of the United Nations General Assembly in New York on September 26, 2018. Mandel Ngan / AFP
US business magnate Bill Gates looks on during the One Planet Summit at the Plaza Hotel on the sidelines of the United Nations General Assembly in New York on September 26, 2018. Mandel Ngan / AFP

Africa is expected to account for half the world’s total population growth by 2050. Most countries in sub-Saharan Africa are driving poverty rates down, but a few big ones aren’t, meaning that more children will be born into the most challenging conditions.

By the mid-century mark, 40 per cent of the extremely poor people in the world will live in just two countries: the Democratic Republic of Congo and Nigeria. Together, those two nations will be home to almost 600 million people – more than nine times the current population of the Arabian Peninsula.

Some people worry about what this large group of very young, very poor people will do when they are denied opportunities. Will they cause insecurity, instability and mass migration?

We must think just as much about what they will accomplish if they have access to opportunities − if they get an education, build businesses, dream up inventions and grow the global economy, the way that bright young men and women from around the world have been doing for generations.

So what is the key to providing opportunities in the places where they are currently lacking? Investing in the health and education of young people. These human capital investments are not the only ingredient to healthy economies, but they have played a pivotal role in lifting nations like China and India out of poverty.

Economic models show that they can do the same for Africa, growing the continent’s GDP by nearly 90 per cent by 2050.

There are two areas, in particular, where we need the world’s help.

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Read more:

Bill Gates thanks UAE for role in the fight to end world poverty

How a meeting with Sheikh Zayed was the first step down a long road to eliminating the world's worst diseases

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First is making sure children do not just survive but thrive. Most African countries have participated in the global revolution in child survival. Rwanda, just a few years removed from genocide, has built an effective health system from the ground up and seen the steepest drop in child mortality ever recorded. The next step is making sure children can lead productive lives.

One third of African children are stunted, which means their brains and bodies aren’t developing fully. But there are proven strategies solving the stunting problem. For example, China was able to reduce stunting by nearly 70 per cent between 1990 and 2010, in large part because of new agricultural technologies that increased productivity. We must now make sure these technologies are adapted to the African context so people on that continent can enjoy better health and nutrition.

Second is education. Since 2000, the number of African children enrolled in primary school has increased from 60 million to 150 million, and the number of girls in school is now virtually equal to the number of boys. The next step is improving the quality of the education all students receive.

Low-income countries can achieve excellent results in their schools, as Vietnam’s results on international tests prove. We must learn lessons from success stories like Vietnam and transfer them globally so that all students benefit.

For most of human history, poverty was thought to be an inevitable part of the human condition, something that had always – and would always – exist. Now, we have the opportunity to prove otherwise.

Every child deserves a chance to have a productive life, no matter where they are born.

Whether more children in poor countries have that chance depends on the choices and investments we make today. I am hopeful we will make the right ones.

The specs

Engine: 8.0-litre, quad-turbo 16-cylinder

Transmission: 7-speed auto

0-100kmh 2.3 seconds

0-200kmh 5.5 seconds

0-300kmh 11.6 seconds

Power: 1500hp

Torque: 1600Nm

Price: Dh13,400,000

On sale: now

UAE currency: the story behind the money in your pockets

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.”

Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
Know your cyber adversaries

Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.

Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.

Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.

Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.

Phishing: Aims to secure personal information, such as passwords and credit card numbers.

Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.

Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.

Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.

Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.

Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.

Zero-day exploit: Exploits a vulnerability in software before a fix is found.

THE SPECS

Engine: 3.5-litre supercharged V6

Power: 416hp at 7,000rpm

Torque: 410Nm at 3,500rpm

Transmission: 6-speed manual

Fuel consumption: 10.2 l/100km

Price: Dh375,000 

On sale: now 

Where can I submit a sample?

Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.

Collection centres in Abu Dhabi include:

  • Abu Dhabi National Exhibition Centre (ADNEC)
  • Biogenix Labs in Masdar City
  • Al Towayya in Al Ain
  • NMC Royal Hospital in Khalifa City
  • Bareen International Hospital
  • NMC Specialty Hospital, Al Ain
  • NMC Royal Medical Centre - Abu Dhabi
  • NMC Royal Women’s Hospital.
Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.

A semen analysis of the father showed abnormal sperm so the couple required IVF.

Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.

A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.

On day three of the process, 14 embryos were biopsied for gender selection.

The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.

Day five of the treatment saw two male embryos transferred to the patient.

The woman recorded a positive pregnancy test two weeks later. 

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Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Ferrari
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Haemoglobin disorders explained

Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.

Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.

The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.

The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.

A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.

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