Global health chiefs renamed coronavirus variants in an effort to remove any stigma associated with the countries they are associated with.
Under the new system devised by the World Health Organisation, variants are no longer identified by the area or country of their discovery, such as the Indian, South African or Kent strains.
Greek letters have instead been assigned to the strains in the order they were designated variants of concern, starting at Alpha, for the strain first detected in the UK last year.
The scientific names used for the variants were also ruled out for regular use as they could be deemed too complicated to remember.
Viruses have often been named after the place where they emerged, like Ebola, which was named after a river in the Democratic Republic of the Congo.
But that has been damaging to the countries’ reputations, WHO said.
It lists 10 Covid-19 strains, four of which are described as variants of concern and six variants of interest.
Here we explain the new names and what you need to know about the strains.
Variants of concern:
Delta - Indian variant/B1617.2
This was first detected in October in India, where it led to a second wave that has receded.
The strain includes mutations which make it more transmissible and help it evade the body’s immune response.
The UK recently said it was estimated to be 40 per cent more transmissible than the Alpha variant, which itself was also more transmissible than the original strain.
And vaccines appear to be less effective against it.
Research from the UK, where the strain has recently become dominant, suggests people who have received the Pfizer vaccine generate fewer antibodies against it compared to other variants.
The study, published in The Lancet medical journal, found that people fully vaccinated with Pfizer-BioNTech are likely to have more than five times lower levels of neutralising antibodies against it.
According to Public Health England (PHE), three weeks after the first dose of either Pfizer or AstraZeneca-Oxford, both vaccines were around 33 per cent effective against symptomatic disease, versus 50 per cent against Alpha.
Its latest risk assessment said there is a “high level of uncertainty” about AstraZeneca’s effectiveness against the strain after two doses.
A report by PHE also said people infected by the strain are also twice as likely to end up in hospital than with Alpha. It has been linked to cases of “unprecedented damage” to the pancreas in otherwise healthy people in India.
For these reasons, scientists say the strain is the worst seen to date.
Gamma - Brazil variant/P1
This strain is believed to have emerged in mid-November in Brazil in the Amazonian city of Manaus, which was hit by two waves of the virus.
Mutations make it more transmissible and give it the ability to escape previous immunity.
Data collected in Manaus suggested the variant may be twice as transmissible as previous strains, and could evade up to half of immune defences from previous infections.
People who had the virus before have around 54 to 79 per cent protection against P1.
That explains why the variant led to a deadlier second wave, overwhelming hospitals again, even after studies suggested more than three quarters of the population had already had the virus.
Vaccines also appear to be weaker against it.
In lab tests, antibodies produced by Pfizer’s vaccine could not attach as well compared to the original virus.
Beta - South Africa variant/B1351
This strain was first detected in South Africa in early October, but not publicly announced until December, when authorities said it appeared to affect younger people more than previous variants.
It has since been found in more than 80 countries.
It carries a mutation called E484K, which helps the virus elude a person’s immune system.
And the vaccines do not work as well against it, in particular AstraZeneca, which offers only 10 per cent protection against mild to moderate illness caused by the strain.
Research in Qatar found people who received the Pfizer vaccine were 75 per cent less likely to develop Covid-19.
Alpha - Kent variant/B117
Tests showed the variant first emerged in the UK in Kent in late September.
At the end of October the strain accounted for only 3 per cent of cases in England.
But by the start of February the share had soared to 96 per cent, causing a third wave across the country.
It also became dominant in the US.
That was because the strain is significantly more transmissible than the original virus which emerged in Wuhan.
And because more people become sick, more people are put in hospital if they catch it.
Data suggested the strain is 30 to 70 per cent more lethal than the original strain.
But it does not escape antibodies from natural infection or vaccines.
A trial from the UK found the AstraZeneca-Oxford vaccine was 70.4 per cent effective against symptomatic Covid-19 caused by the variant.
Pfizer is 89.5 per cent effective against the strain, at least 14 days after the second dose.
Variants of interest:
Epsilon - B.1.427/B.1.429
It was first designated a variant of interest on March 5 and is common in California. It is believed to be about 20 per cent more infectious, and carries the L452R mutation, which is believed to increase immune evasion and binding to cells.
Zeta - P2
Identified as a a variant of interest later in March, it was discovered in Brazil in April, 2020. It includes the E484 mutation in the spike. There is limited information on whether monoclonal antibody therapies and antibodies generated post-vaccination are affected by it.
Eta - B.1.525
Eta was first detected in Nigeria but has since been found in other countries. It was designated a variant of interest at the same time as Zeta.
It includes the E484K mutation, which is believed to help the virus avoid the immune system, and possibly vaccine-induced antibodies.
Theta - P.3
Theta was identified in the Philippines in January before being designated a variant of interest in March. It also includes the E484K mutation.
Iota - B.1.526
The strain was detected in New York and identified as a variant of interest in late March.
There are two forms of the variant, one of which includes the E484K mutation, while the other includes the S477N mutation, which is believed to help the virus bind more tightly to cells.
Kappa - B.1.617
Detected in India in October, it was classified as a variant of interest in April. It split into two lineages, one of which, B.1.617.2, has since become a variant of concern.
WHO has said has demonstrated increased transmissibility in some areas, but appears to be declining. It carries two mutations believed to be of concern, L452R and E484Q, termed as an escape mutation as it helps the virus slip past the body's immune system.
Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
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.
RESULT
Huddersfield Town 2 Manchester United 1
Huddersfield: Mooy (28'), Depoitre (33')
Manchester United: Rashford (78')
Man of the Match: Aaron Mooy (Huddersfield Town)
RESULTS
Women:
55kg brown-black belt: Amal Amjahid (BEL) bt Amanda Monteiro (BRA) via choke
62kg brown-black belt: Bianca Basilio (BRA) bt Ffion Davies (GBR) via referee’s decision (0-0, 2-2 adv)
70kg brown-black belt: Ana Carolina Vieira (BRA) bt Jessica Swanson (USA), 9-0
90kg brown-black belt: Angelica Galvao (USA) bt Marta Szarecka (POL) 8-2
Men:
62kg black belt: Joao Miyao (BRA) bt Wan Ki-chae (KOR), 7-2
69kg black belt: Paulo Miyao (BRA) bt Gianni Grippo (USA), 2-2 (1-0 adv)
77kg black belt: Espen Mathiesen (NOR) bt Jake Mackenzie (CAN)
85kg black belt: Isaque Braz (BRA) bt Faisal Al Ketbi (UAE), 2-0
94kg black belt: Felipe Pena (BRA) bt Adam Wardzinski (POL), 4-0
110kg black belt final: Erberth Santos (BRA) bt Lucio Rodrigues (GBR) via rear naked choke
'Brazen'
Director: Monika Mitchell
Starring: Alyssa Milano, Sam Page, Colleen Wheeler
Rating: 3/5
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi
The%20specs
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E666hp%20at%206%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E850Nm%20at%202%2C300-4%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EQ1%202023%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh1.15%20million%20(estimate)%3C%2Fp%3E%0A
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
More Iraq election coverage:
Company Profile
Company name: Yeepeey
Started: Soft launch in November, 2020
Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani
Based: Dubai
Industry: E-grocery
Initial investment: $150,000
Future plan: Raise $1.5m and enter Saudi Arabia next year
Stamp duty timeline
December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%
April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.
July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.
March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.
April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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.