• A demonstration in Place de la Republique follows the announcement of results of the first round of French parliamentary elections in Paris on July 1. Bloomberg
    A demonstration in Place de la Republique follows the announcement of results of the first round of French parliamentary elections in Paris on July 1. Bloomberg
  • Marine Le Pen, candidate for the far-right National Rally party, with supporters in Paris. EPA
    Marine Le Pen, candidate for the far-right National Rally party, with supporters in Paris. EPA
  • Thousands of people gather at a rally for the left-leaning New Popular Front alliance at Place de la Republique in Paris on July 1. EPA
    Thousands of people gather at a rally for the left-leaning New Popular Front alliance at Place de la Republique in Paris on July 1. EPA
  • A barricade burns in Paris as election results suggest the far-right National Rally has a first round advantage from French voters. Reuters
    A barricade burns in Paris as election results suggest the far-right National Rally has a first round advantage from French voters. Reuters
  • Veteran politician Jean Luc Melenchon addresses the New Popular Front rally at Place de la Republique in Paris. EPA
    Veteran politician Jean Luc Melenchon addresses the New Popular Front rally at Place de la Republique in Paris. EPA
  • Police keep watch as protesters demonstrate against the far-right National Rally party in Paris. Reuters
    Police keep watch as protesters demonstrate against the far-right National Rally party in Paris. Reuters
  • Supporters of the left-wing alliance watch results in Nantes, Upper Brittany. AFP
    Supporters of the left-wing alliance watch results in Nantes, Upper Brittany. AFP
  • Protesters attend a demonstration against the National Rally in Paris. Reuters
    Protesters attend a demonstration against the National Rally in Paris. Reuters
  • Fireworks are set off during a demonstration in Paris on July 1. Reuters
    Fireworks are set off during a demonstration in Paris on July 1. Reuters
  • Firefighters in Paris respond to a call-out. Reuters
    Firefighters in Paris respond to a call-out. Reuters
  • Demonstrators hold French flags and Union Populaire Française flags in support of the New Popular Front alliance as they gather to protest against the far-right National Rally in Paris. Reuters
    Demonstrators hold French flags and Union Populaire Française flags in support of the New Popular Front alliance as they gather to protest against the far-right National Rally in Paris. Reuters
  • France's Prime Minister Gabriel Attal arrives to give a speech following the announcement of the results in Paris. AFP
    France's Prime Minister Gabriel Attal arrives to give a speech following the announcement of the results in Paris. AFP
  • In Nantes, a demonstrator shoots fireworks towards police. AFP
    In Nantes, a demonstrator shoots fireworks towards police. AFP

French far-right leads after election first round


Tariq Tahir
  • English
  • Arabic

France's far-right party National Rally (RN) emerged ahead in the first round of parliamentary elections on Sunday, exit polls showed.

French President Emmanuel Macron called for a "broad, republican and democratic" alliance against the anti-immigration party, urging another high turnout in the second round of voting on July 7.

The RN won about 34 per cent of the vote, exit polls from Ipsos, Ifop, OpinionWay and Elabe showed.

That was ahead of leftist and centrist rivals, including Mr Macron's Together alliance, which was considered to be winning 20.5 per cent to 23 per cent.

The New Popular Front, a left-wing coalition, was projected to win about 29 per cent of the vote, the exit polls showed.

Mr Macron called a surprise ballot after his centrist alliance was crushed by Marine Le Pen’s anti-immigrant and eurosceptic RN in European elections.

"Nothing is won and the second round is decisive," Ms Le Pen told supporters after the RN came out on top in the first round of polls.

"We need an absolute majority so that Jordan Bardella is in eight days named prime minister by Emmanuel Macron."

At Ms Le Pen's Henin-Beaumont constituency in northern France, supporters waved French flags and sung the Marseillaise.

"The French have shown their willingness to turn the page on a contemptuous and corrosive power," Ms Le Pen said.

The RN's chances of winning power next week will depend on the political deal-making by its rivals over the coming days.

In the past, centre-right and centre-left parties have teamed up to keep the RN from power, but that dynamic, known as the "republican front," is less certain than ever.

If no candidate reaches 50 per cent in the first round, the top two contenders automatically qualify for the second round, as well as all those with 12.5 per cent of registered voters.

In the run-off, whoever wins the most votes take the constituency.

French President Emmanuel Macron leaves a voting booth during the first round of the parliamentary elections. EPA
French President Emmanuel Macron leaves a voting booth during the first round of the parliamentary elections. EPA

High turnout on Sunday suggests France is heading for a record number of three-way run-offs. These generally benefit the RN much more than two-way contests, analysts said.

Support for Mr Macron's centrist camp has collapsed in recent weeks, while left-wing parties put their disputes aside to form the New Popular Front, in a nod to an alliance founded in 1936 to combat fascism.

The polls first opened in France’s overseas territories and at 8am local time across the country, with 49 million people eligible to vote.

Casting his vote in Sevres, on the outskirts of Paris, former company director Didier Delacroix, 70, said he had voted for Mr Macron's alliance, saying “otherwise it'll be a complete mess”.

In Henin-Beaumont, Denis Ledieu, 67, said people were suffering from the long-term deindustrialisaton of the region.

"So if the [RN] promises them things, then why not? They want to try it out, I think," he said.

In the town of Meaux, Mylene Diop, 51, said she had voted for the New Popular Front, in what she said was "the most important election" of her life.

"The RN is at the gates of power and you see the aggressiveness of people and the racist speech that has been unleashed," she said.

The election is a two-stage process and the shape of the 577 seat lower house of National Assembly will only become clear after the second round of voting on July 7.

People demonstrate against the French far-right National Rally party following partial results in the parliamentary elections. Reuters
People demonstrate against the French far-right National Rally party following partial results in the parliamentary elections. Reuters

Vincent Martigny, professor of political science at the University of Nice and the Ecole Polytechnique, said this opens the door for the RN.

"If you have a very high level of participation you might have a third or fourth party that is getting into the struggle,” said Prof Martigny.

“So then of course there's a risk of split voting and we know that the split vote favours the National Rally.”

With the French facing their most polarising choices in recent history, turnout soared.

The Elabe organisation projected a final turnout of 67.5 per cent, the highest participation in a regular format legislative election in France since 1981.

The final turnout in 2022 was just 47.5 per cent.

RN party chief Mr Bardella was seen out early casting his vote in Garches, in the suburbs of Paris, with Mr Macron later voting in Le Touquet, in northern France.

RN leader Jordan Bardella casts his vote at an electronic polling station in Garches, near Paris. EPA
RN leader Jordan Bardella casts his vote at an electronic polling station in Garches, near Paris. EPA

Mr Bardella, 28, a protege of Ms Le Pen who has no governing experience, could become prime minister in a tense "cohabitation" with Mr Macron.

The RN was a long-time pariah but is now closer to power than it has ever been as Ms Le Pen has sought to moderate the party’s extremist image.

If elected, Mr Bardella said he will propose immediate legislation within weeks to the lower house of parliament to tackle what the party calls the “flood” of migration.

It would abolish the policy of automatically granting French nationality at 18 to people born in France to foreign parents, providing they have lived here for at least five years since the age of 11.

The RN also has plans to toughen conditions for family reunification.

Among its other policies would be giving French citizens priority access to housing and jobs, with welfare benefits limited to French nationals.

Under RN there would be strict conditions of assimilation for those seeking citizenship, including mastery of the French language and respect for French laws and customs.

Mr Bardella said some of the measures would be put to a nationwide referendum in 2027, after the presidential election that year, to sidestep challenges from the Constitutional Council.

French President Emmanuel Macron and his wife Brigitte walk along the beach in Le Touque. AFP
French President Emmanuel Macron and his wife Brigitte walk along the beach in Le Touque. AFP

The council has previously ruled that RN-proposed changes to French immigration laws were unconstitutional.

If the RN does win an absolute majority, French diplomacy could be heading for a period of turbulence as Mr Macron and Mr Bardella vie for the right to speak for France.

A clear RN victory would also bring uncertainty as to where France stands on the Russia-Ukraine war.

Ms Le Pen has a history of pro-Russian sentiment and while the party now says it would help Ukraine defend itself against Russian invaders, it has also set out red lines, such as refusing to provide long-range missiles.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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.”

Managing the separation process

  • Choose your nursery carefully in the first place
  • Relax – and hopefully your child will follow suit
  • Inform the staff in advance of your child’s likes and dislikes.
  • If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
  • The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
  • Be patient. Your child might love it one day and hate it the next
  • Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.  
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Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

Updated: July 01, 2024, 9:29 AM