French President Emmanuel Macron (R) next to US President-elect Donald Trump (C) at the end of a ceremony to mark the re-opening of the landmark Notre-Dame cathedral, in central Paris. AFP
French President Emmanuel Macron (R) next to US President-elect Donald Trump (C) at the end of a ceremony to mark the re-opening of the landmark Notre-Dame cathedral, in central Paris. AFP
French President Emmanuel Macron (R) next to US President-elect Donald Trump (C) at the end of a ceremony to mark the re-opening of the landmark Notre-Dame cathedral, in central Paris. AFP
French President Emmanuel Macron (R) next to US President-elect Donald Trump (C) at the end of a ceremony to mark the re-opening of the landmark Notre-Dame cathedral, in central Paris. AFP

Macron meets Trump and Zelenskyy ahead of Notre Dame cathedral reopening


Sunniva Rose
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French President Emmanuel Macron received US president-elect Donald Trump and Ukrainian President Volodymyr Zelenskyy at the Elysee Palace on Saturday, hours before the reopening of Notre Dame cathedral – a symbolic moment for France that was attended by dozens of world leaders.

Mr Trump, who arrived 40 minutes late for his meeting with the French President, said that they had enjoyed a good relationship during his previous mandate as president and would discuss geopolitical instability. "We had a good time together, and we had a lot of success, really great success working together,” Mr Trump said alongside Mr Macron ahead of bilateral talks. "And it certainly seemed like the world is going a little crazy right now. And we'll be talking about that.”

The war in Ukraine was high on the agenda. Mr Trump, who takes office in January, has promised to end the war there in one day. Some analysts believe he may force Ukraine to offer concessions to Moscow.

"We all want this war to end as soon as possible and in a just way. We spoke about our people, the situation on the ground, and a just peace,” wrote Mr Zelenskyy on X.

"It's a great opportunity to anticipate what the positions of the president-elect will be” on Ukraine, said Patrick Martin Genier, Sciences Po University professor, speaking on BFMTV. "We know very well that he will be the centre of the negotiations, though we cannot talk about bilateral negotiations now because he cannot replace the Biden administration.”

Mr Trump landed on Saturday in Paris shortly before 7am and headed straight to the US embassy with a large convoy of cars. His visit is viewed as a diplomatic success by Mr Macron and may offer him an early opportunity to play the role of mediator between Europe and Washington. Mr Trump also held meetings with the UK's Prince William, according to Kensington Palace, and outgoing US first lady Jill Biden, who was attending after visiting Abu Dhabi and Doha. US President Joe Biden was not present.

Bad weather changes programme

Bad weather disrupted the reopening ceremony for Notre-Dame, forcing organisers to move events inside at the last minute. It officially reopened shortly after 7pm, when Archbishop of Paris Laurent Ulrich knocked its doors with his crosier, a long staff which symbolises a bishop as shepherd to his people. X owner Elon Musk, who was recently appointed by Mr Trump to co-lead government efficiency under his mandate, made a surprise appearance at the ceremony.

In a nod to France's secularism, Mr Macron was initially scheduled to speak outside the 800-year old site. "We have rediscovered what great nations can do: achieve the impossible,” Mr Macron said, speaking inside the cathedral where major historical events including the crowning of Henry IV of England in 1431 and of Napoleon in 1804 took place. "This cathedral was thus the happy metaphor of what a nation is, and what the world should be.”

Notre Dame Cathedral before a formal reopening ceremony on December 7. AP
Notre Dame Cathedral before a formal reopening ceremony on December 7. AP

About 1,500 people attended the ceremony, which will be followed by a Mass on Sunday after the blessing of the altar. The Elysee confirmed the presence of more than 40 heads of state, including Italian Prime Minister Giorgia Meloni and her Swedish counterpart Ulf Kristersson. European Parliament President Roberta Metsola and former US Secretary of State John Kerry were also present, as well as Mr Trump's special envoy to the Middle East, Massad Boulos. Listed among religious figures was Lebanon's Maronite Patriarch Bechara Boutros Rai. Pope Francis was represented by apostolic nuncio to France, Celestino Migliore.

Mr Migliore delivered a message from the Pope, who called for free access to the newly-rebuilt cathedral after there was talk to charge tourists for its entrance. "Notre-Dame will soon be visited and admired again by an immense crowd of people from all walks of life, backgrounds, religions, languages and cultures, many of them in search of the absolute and meaning in their lives,” the Pope said.

Thousands of people had started to gather in the streets surrounding the cathedral hours before the start of the event. For those who wanted to get close to the cathedral, which was closed off by a security perimeter, individual security checks were mandatory. About 6,000 policemen and gendarme were on duty at the event.

Standing in the crowd of thousands of onlookers was Randy Yaloz, president of Republicans Overseas France. Wearing a red Make America Great Again cap, he told The National that Mr Trump had made "the right move” by coming to Paris for the reopening of the cathedral. "Americans consider [Notre-Dame cathedral] the heart of Christianity in Europe and for them the burning down of Notre-Dame was a big shock,” he said. "Mr Trump, as a believer, as a practising Christian and also supportive of many Christians in America, had to be here to support Notre-Dame.”

When the cathedral burnt down under his previous tenure as US president, Mr Trump had expressed strong concern, saying it was "so horrible” to watch. Five years later, Mr Trump posted on his Truth Social page that Mr Macron had "done a wonderful job ensuring that Notre-Dame has been restored to its full level of glory, and even more so. It will be a very special day for all!”

Also in the crowd was Micherael Lapommeray, who said it was unthinkable to miss the ceremony. "As a Catholic, I think it was a duty for me to be here,” said Mr Lapommeray, a US citizen who lives in Paris. He said he would book a slot online to visit the cathedral as soon as it reopens to the public on December 16. "Notre-Dame is not just a religious symbol. It carries with it hundreds of years of French history and prestige.”

For Sophie Sardegna, 51, the cathedral was more a symbol of national pride than a spiritual symbol. "I've seen the pictures of the work that has been done, and I think it's even more beautiful than before. There's more light and more joy,” she said.

Archbishop of Paris, Laurent Ulrich leads clergy as they walk down the central isle of Notre-Dame Cathedral at the end of a ceremony to mark the re-opening of the landmark cathedral in Paris, December 7, 2024. REUTERS
Archbishop of Paris, Laurent Ulrich leads clergy as they walk down the central isle of Notre-Dame Cathedral at the end of a ceremony to mark the re-opening of the landmark cathedral in Paris, December 7, 2024. REUTERS

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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GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

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Updated: March 17, 2025, 4:36 PM