Avid runner Anne-Marie Bouhelier jogs nearly every day past a century-old carousel featuring wooden horses at the Champ de Mars, near the Eiffel Tower.
But on a recent winter morning, the 65-year-old Paris resident found the horses packed away and unhappy employees preparing for six months of unemployment.
The Champ de Mars has become a major construction site as workers clear drains, fix stone benches and rip out trees to prepare this city for this summer's Olympic and Paralympic Games.
The park is scheduled to host beach volleyball and blind football tournaments. The triathlon and open-water races will begin in the Seine near by. At the docks, a giant clock counts down the days, hours, minutes and seconds until the start of the Games on July 26.
“Parisians are appalled. They’re taking away everything that makes the beauty and charm of Paris," said Ms Bouhelier, who used to bring her grandchildren to the hand-operated carousel. “They might as well build a highway in the middle of the park."
She commiserated with carousel employee Nicolas Cutrignelli, 56. “It’s unacceptable to have to close for so long with no compensation,” said Mr Cutrignelli, a father of two.
'Pride and celebration'
President Emmanuel Macron has promised a “wonderful moment of French pride and celebration”. In a speech last week, he suggested potential highlights would include horse riding at Versailles Palace and surfing off the coast of Tahiti, part of French Polynesia.
We'll do everything to make sure that these Games can be can be delivered in a safe environment
Paris 2024 chief executive Etienne Thobois
But high prices and complicated logistics are causing many to grumble.
Metro ticket prices will double, the number of passengers on already congested public transport is expected to increase by 15 per cent and a QR code system has been put in place to gain access to certain areas owing to fears of terrorist attacks.
A cause of particular concern is the open-air launch ceremony on the Seine. Previous Games favoured closed stadiums but organisers in Paris have opted for a grandiose fleet of 160 boats sailing past landmarks including Notre Dame Cathedral and the Louvre.
French security authorities are well aware this setup may leave athletes and crowds more exposed to potential attacks. The number of those set to attend the opening ceremony has been reduced from 600,000 to 300,000.
Leaders are doing their best to sound reassuring. "We are confident. We'll do everything that is in our power to make sure that these Games can be delivered in a safe environment," Paris 2024 chief executive Etienne Thobois told the BBC.
Last week, local authorities announced the recruitment of hundreds of Metro and bus drivers. Police officers were on Tuesday awarded a one-off bonus of up to €1,900 ($2,065) after two days of protests to secure higher wages.
The stakes are high. France expects 15 million visitors during the Games. Mr Macron has warned he wants organisation to be "perfect". The French capital is already among the top 10 most-visited cities in the world and close to 30 million tourists flocked to the city last year.
Booksellers' lawsuit
Yet many tourists are unaware of how the Olympics will affect some of their favourite spots. They include open-air stalls along the Seine selling antique books and souvenirs. The so-called bouquinistes perpetuate a tradition that started among booksellers in the 16th century and have become a Paris landmark.
They view themselves as victims of the Games and have sued the city for compensation after it announced the temporary removal from mid-July of nearly half their stalls. There are fears terrorists could use these stalls to shoot at the crowd or stash weapons during the opening ceremony.
But Londoners Chris and Lorraine, who bought decorative coasters from a bouquiniste during a short trip to Paris, were not convinced. Terrorist threats can come from everywhere, they said.
“There’s a danger of sterilising the city, of ripping its guts out,” said Chris. “Why not make it look like the Paris tourists like and expect?”
Standing by his green boxes full of books, Jean, a bouquiniste, said he did not believe he would be able to return as promised on August 1.
He highlighted a promise made by Mr Macron in October – later broken – that bouquinistes would “participate in the ceremony in one way or another" and that their boxes would remain in place.
“Olympic Games are bad news,” Jean told The National. He declined to give his surname due to the legal battle with the city, which did not respond to a request for comment.
Despite fears of disruption, many hope the Games will at least bring in some money by renting their flats at sky-high prices while they flee the city to secondary homes. In less touristy areas of the capital, restaurant owners also view athletes as potential customers. An impact study published in July found the Games could generate up to €10.7 billion for the Paris region.
Colette, a 58-year-old Parisian who runs a restaurant serving traditional French cuisine in the 15th arrondissement, said she has already been contacted about the possibility of feeding athletes expected to train nearby. “I hope the Games will bring some movement to the neighbourhood,” she said.
Her restaurant is within walking distance from Arena Paris South, where a number of events will be held including volleyball, table tennis and weightlifting. Events will also be held across the city in more famous venues such as Stade de France, Roland-Garros and Parc des Princes in the 16th arrondissement, and the Paris Arena in Nanterre.
Hotels to benefit
For visitors, securing affordable tickets and housing has become a challenge. Headlines on high prices are multiplying despite 1 million tickets being issued at the reasonable price of €24. But lower-priced tickets are among the most difficult to secure and front-row seats at the opening ceremony now cost at least €2,700 on the Paris 2024 website.
A recent poll conducted among three and four-star hotels near the Seine by the consumer protection association UFC Que Choisir also caused a stir. The average cost of one night in a hotel on July 26 has tripled to more than €1,000. One hotel increased its prices by 585 per cent.
This practice is not unusual. During the Champions League final in May 2022, British media reported on desperate Liverpool fans forced to pay prices three times higher than average for a hotel room. Price gouging came on top of chaotic scenes outside the Stade de France before and during the match, with the situation later blamed on poor organisation by French police and European football's governing body Uefa.
Yet some hotels are reportedly also telling potential guests that one-night bookings are not available in an attempt to push them to pay for several nights in a row, according to UFC Que Choisir.
This is technically illegal but is tolerated during exceptionally high-profile events, said Arnaud de Blauwe, editor in chief of the association’s magazine Que Choisir.
The department in charge of fraud prevention at the Economy Ministry (DGCCRF) says it has intensified controls ahead of the Games.
In 2024, it aims to implement 17,000 controls in all sectors, including hotels, restaurants, and transport, a spokesperson told The National in an email. Close to 3,000 agents, including 1,800 investigators, are scattered across the country.
Hotels are free to set their prices, but the state's role is to guarantee "a fair balance of competitive relations," said the DGCCRF.
"A specific investigation and control system was deployed ahead of the 2023 Rugby World Cup and will continue until the end of the Olympic and Paralympic events," it said.
"Our services control, online and on-site, tourist establishments, hotels and restaurants, transport professionals and the safety of non-food products."
The state body has invited consumers, including foreign tourists, to report issues on an application called SignalConso.
But it’s unlikely the DGCCRF, which is increasingly understaffed, will push back too hard against hotels, said Mr de Blauwe. It might be politically unwelcome for the government to stop the hospitality sector from reaping the benefits of such a money-spinning event.
“The French administration is aware that a number of sectors must profit from the economic benefits provided by the Games,” he said.
"What's clear is that high-profile sporting events like football World Cups and Olympic Games are not events geared for the masses any more," said Mr de Blauwe. "You need to be rich or to have saved money for a long time to attend them. The Paris Games will be no exception."
2024 Olympics: Preparations and protests in Paris - in pictures
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
COMPANY%20PROFILE
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Fixtures
Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs
Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms
Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles
Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon
Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon
MATCH INFO
Euro 2020 qualifier
Fixture: Liechtenstein v Italy, Tuesday, 10.45pm (UAE)
TV: Match is shown on BeIN Sports
Company%20Profile
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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.”
Mental%20health%20support%20in%20the%20UAE
%3Cp%3E%E2%97%8F%20Estijaba%20helpline%3A%208001717%3Cbr%3E%E2%97%8F%20UAE%20Ministry%20of%20Health%20and%20Prevention%20hotline%3A%20045192519%3Cbr%3E%E2%97%8F%20UAE%20Mental%20health%20support%20line%3A%20800%204673%20(Hope)%3Cbr%3EMore%20information%20at%20hope.hw.gov.ae%3C%2Fp%3E%0A
Innotech Profile
Date started: 2013
Founder/CEO: Othman Al Mandhari
Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
EPL's youngest
- Ethan Nwaneri (Arsenal)
15 years, 181 days old
- Max Dowman (Arsenal)
15 years, 235 days old
- Jeremy Monga (Leicester)
15 years, 271 days old
- Harvey Elliott (Fulham)
16 years, 30 days old
- Matthew Briggs (Fulham)
16 years, 68 days old
Last-16 Europa League fixtures
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm
Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
Inter Milan v Getafe (one leg only) 11pm
Manchester United (5) v LASK (0) 11pm
Thursday
Bayer Leverkusen (3) v Rangers (1) 8.55pm
Sevilla v Roma (one leg only) 8.55pm
FC Basel (3) v Eintracht Frankfurt (0) 11pm
Wolves (1) Olympiakos (1) 11pm
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
The specs: 2018 BMW X2 and X3
Price, as tested: Dh255,150 (X2); Dh383,250 (X3)
Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)
Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)
Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)
Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)
Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)
SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Company%20profile
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ARABIAN GULF LEAGUE FIXTURES
Thursday, September 21
Al Dahfra v Sharjah (kick-off 5.35pm)
Al Wasl v Emirates (8.30pm)
Friday, September 22
Dibba v Al Jazira (5.25pm)
Al Nasr v Al Wahda (8.30pm)
Saturday, September 23
Hatta v Al Ain (5.25pm)
Ajman v Shabab Al Ahli (8.30pm)
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Cultural fiesta
What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421, Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day.
LIKELY TEAMS
South Africa
Faf du Plessis (captain), Dean Elgar, Aiden Markram, Hashim Amla, AB de Villiers, Quinton de Kock (wkt), Vernon Philander, Keshav Maharaj, Kagiso Rabada, Morne Morkel, Lungi Ngidi.
India (from)
Virat Kohli (captain), Murali Vijay, Lokesh Rahul, Cheteshwar Pujara, Rohit Sharma, Ajinkya Rahane, Hardik Pandya, Dinesh Karthik (wkt), Ravichandran Ashwin, Bhuvneshwar Kumar, Ishant Sharma, Mohammad Shami, Jasprit Bumrah.
UAE currency: the story behind the money in your pockets
The%20specs
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T20 WORLD CUP QUALIFIERS
Qualifier A, Muscat
(All matches to be streamed live on icc.tv)
Fixtures
Friday, February 18: 10am Oman v Nepal, Canada v Philippines; 2pm Ireland v UAE, Germany v Bahrain
Saturday, February 19: 10am Oman v Canada, Nepal v Philippines; 2pm UAE v Germany, Ireland v Bahrain
Monday, February 21: 10am Ireland v Germany, UAE v Bahrain; 2pm Nepal v Canada, Oman v Philippines
Tuesday, February 22: 2pm Semi-finals
Thursday, February 24: 2pm Final
UAE squad:Ahmed Raza(captain), Muhammad Waseem, Chirag Suri, Vriitya Aravind, Rohan Mustafa, Kashif Daud, Zahoor Khan, Alishan Sharafu, Raja Akifullah, Karthik Meiyappan, Junaid Siddique, Basil Hameed, Zafar Farid, Mohammed Boota, Mohammed Usman, Rahul Bhatia
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
ARGYLLE
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Dengue%20fever%20symptoms
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Roll of honour
Who has won what so far in the West Asia Premiership season?
Western Clubs Champions League - Winners: Abu Dhabi Harlequins; Runners up: Bahrain
Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons
West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins
UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles
West Asia Cup - Winners: Bahrain; Runners up: Dubai Exiles
West Asia Trophy - Winners: Dubai Hurricanes; Runners up: DSC Eagles
Final West Asia Premiership standings - 1. Jebel Ali Dragons; 2. Abu Dhabi Harlequins; 3. Bahrain; 4. Dubai Exiles; 5. Dubai Hurricanes; 6. DSC Eagles; 7. Abu Dhabi Saracens
Fixture (UAE Premiership final) - Friday, April 13, Al Ain – Dubai Exiles v Abu Dhabi Harlequins
THE SPECS
Engine: 1.5-litre, four-cylinder turbo
Transmission: seven-speed dual clutch automatic
Power: 169bhp
Torque: 250Nm
Price: Dh54,500
On sale: now
The specs: 2017 Dodge Viper SRT
Price, base / as tested Dh460,000
Engine 8.4L V10
Transmission Six-speed manual
Power 645hp @ 6,200rpm
Torque 813Nm @ 5,000rpm
Fuel economy, combined 16.8L / 100km
The bio
Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district
Was a middle distance state athletics champion in school
Enjoys driving to Fujairah and Ras Al Khaimah with family
His dream is to continue working as a social worker and help people
Has seven diaries in which he has jotted down notes about his work and money he earned
Keeps the diaries in his car to remember his journey in the Emirates
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Book%20Details
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'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
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How%20to%20avoid%20getting%20scammed
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CONFIRMED%20LINE-UP
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COMPANY%20PROFILE%20
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The%20specs
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