A French diplomat has told The National that Suleiman Frangieh, leader of the Christian Marada party and the Hezbollah-backed candidate, is still considered an option for Lebanon's presidency by Paris.
Recent reports suggested that France had withdrawn its support for Mr Frangieh.
But the source said: “Nothing has changed. It is still deemed the most pragmatic option in the current context, given the absence of a more viable solution.”
Paris has long endorsed a formula involving Mr Frangieh serving as the head of state, balanced by someone from the opposing camp as prime minister.
One potential candidate for the prime ministerial role often mentioned in this context is diplomat Nawaf Salam.
“We maintain a non-veto stance on any candidate, and should a stronger option emerge, we are open to re-evaluating our choice”, said the diplomat.
The French government views this as the sole option to overcome a political impasse, as Lebanon finds itself in its eighth month without a president since the conclusion of former president Michel Aoun's term on October 31.
Mr Frangieh visited Paris in April in response to an invitation from Patrick Durel, adviser to the Elysee on Middle Eastern and North African affairs.
According to the French diplomat, a viable candidate for the Lebanese presidency should support the crucial set of reforms requested by the International Monetary Fund (IMF).
Lebanon has since 2020 been negotiating to secure an aid package from the IMF to alleviate the country's severe economic crisis.
In a deeply polarised Lebanon, Frangieh is seen as the candidate of Hezbollah — the Iran-backed party opposing those traditionally more aligned with the Saudis.
But recent developments indicate potential change in Saudi Arabia' stance.
On Thursday, Mr Frangieh met Saudi ambassador to Lebanon Walid Bukhari, who the presidential front-runner described as “cordial and excellent”.
Last week, Mr Bukhari said that his country viewed the presidential election as an internal matter and emphasised that the kingdom would not exercise a “veto” on any candidate.
The source added that Mr Frangieh was not, strictly speaking, France's designated candidate for the presidency.
“Lebanon holds sovereignty over who they elect, our involvement to support the most realistic option is a way to speed up the process, as, despite the urgency of the situation, Lebanon has faded away from the international agenda,” said the source.
French Saudi talks
“Following extensive talks between France and Saudi Arabia, the kingdom has now made it clear that it does not object to Mr Frangieh's election,” said political scientist Karim Emile Bitar.
“While they might not be very enthusiastic, France's endorsement of this formula would not have happened without Saudi Arabia in the loop.”
He added that “there is no more reason for the kingdom to object to Mr Frangieh in Lebanon”, in light of recent geopolitical developments including Syria's return to the Arab League and the Saudi-Iranian detente.
But Mr Frangieh is still far from being a consensual figure within the Lebanese political landscape.
On Wednesday, Sami Gemayel, the leader of the Christian Party Kataeb, said he refused any Hezbollah-backed candidate, claiming that the opposition “first want to prevent Hezbollah's takeover of the presidency and then suggest a name”.
“If Hezbollah continues to impose its decisions on the Lebanese, that could lead to civil war,” he added. “We can't accept being crushed.”
Against this backdrop, opponents of Mr Frangieh have been critical of the French position.
“It is perceived as cynical. Some people pointed out that economic interests could be at stake, while the French argue that the main concern is the stability in Lebanon,” Mr Bitar said.
“Realpolitik governs the dynamics at play, but it is also understandable as the situation could potentially deteriorate further with a presidential vacuum.”
From the French perspective, “Mr Frangieh is not France's candidate, but the candidate of the strongest political party in Lebanon, and France is trying to mitigate the damage by making sure there is a deal”, he said.
The Lebanese parliament remains deeply polarised. Despite convening 11 times, with no 12th vote scheduled, it is still unable to elect a new president.
Speaker Nabih Berri has called for a June 15 deadline and said “regional and international climate regarding the presidential elections are encouraging”.
Essentials
The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes.
Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes.
In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes.
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.
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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.
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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
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners