Marine Le Pen at her parliamentary headquarters in Henin-Beaumont, northern France, on September 8. AFP
Marine Le Pen at her parliamentary headquarters in Henin-Beaumont, northern France, on September 8. AFP
Marine Le Pen at her parliamentary headquarters in Henin-Beaumont, northern France, on September 8. AFP
Marine Le Pen at her parliamentary headquarters in Henin-Beaumont, northern France, on September 8. AFP

France's Le Pen calls for referendum to break political deadlock


Soraya Ebrahimi
  • English
  • Arabic

French far-right leader Marine Le Pen urged President Emmanuel Macron on Sunday to hold a referendum on key issues, suggesting it will help to break the current political deadlock facing the government.

Mr Macron appointed centre-right Michel Barnier as Prime Minister last week in a bid to move forward after June-July snap elections that resulted in a hung parliament.

However, analysts predict an upcoming period of instability for the country as Mr Barnier's hold on power seen as fragile and dependent on support from Ms Le Pen's Eurosceptic, anti-immigration National Rally (RN), which is the largest single party in the new National Assembly.

Marine Le Pen through the years – in pictures

  • French far-right politician and president of the National Front, Jean-Marie Le Pen, with his wife Pierrette Lalanne and daughter Marine Le Pen, attend a demonstration in Paris in September 1982. All photos: Getty Images
    French far-right politician and president of the National Front, Jean-Marie Le Pen, with his wife Pierrette Lalanne and daughter Marine Le Pen, attend a demonstration in Paris in September 1982. All photos: Getty Images
  • Jean-Marie Le Pen with his daughters Yann, Marine and Marie-Caroline in Saint-Cloud, France, in 1986.
    Jean-Marie Le Pen with his daughters Yann, Marine and Marie-Caroline in Saint-Cloud, France, in 1986.
  • Jean-Marie Le Pen with daughter Marine after the first round of voting in the 1995 French presidential election.
    Jean-Marie Le Pen with daughter Marine after the first round of voting in the 1995 French presidential election.
  • Marine Le Pen salutes party members, with her father to the right, as she is named Front National's new leader at a party conference in January 2011.
    Marine Le Pen salutes party members, with her father to the right, as she is named Front National's new leader at a party conference in January 2011.
  • Marine Le Pen delivers a speech during the party's annual celebration of Joan of Arc in May 2011 in Paris.
    Marine Le Pen delivers a speech during the party's annual celebration of Joan of Arc in May 2011 in Paris.
  • Marine Le Pen after giving a speech during the far-right party's May Day demonstration in Paris in 2012.
    Marine Le Pen after giving a speech during the far-right party's May Day demonstration in Paris in 2012.
  • Marine Le Pen votes during her party's congress in March 2018 at the Grand Palais in Lille.
    Marine Le Pen votes during her party's congress in March 2018 at the Grand Palais in Lille.
  • Marine Le Pen and former US president Donald Trump's adviser, Steve Bannon, give a joint press conference at the Front National party's annual congress in March 2018.
    Marine Le Pen and former US president Donald Trump's adviser, Steve Bannon, give a joint press conference at the Front National party's annual congress in March 2018.
  • Marine Le Pen at a meeting of populist far-right party leaders at Wenceslas Square in Prague, Czech Republic, in April 2019.
    Marine Le Pen at a meeting of populist far-right party leaders at Wenceslas Square in Prague, Czech Republic, in April 2019.
  • Marine Le Pen launches her presidential campaign in Reims, France, in February.
    Marine Le Pen launches her presidential campaign in Reims, France, in February.
  • Marine Le Pen poses with supporters as she leaves a polling station in Henin-Beaumont after casting her ballot for the second round of the presidential elections.
    Marine Le Pen poses with supporters as she leaves a polling station in Henin-Beaumont after casting her ballot for the second round of the presidential elections.

The New Popular Front left-wing coalition, which emerged as France's largest political bloc after the elections, although well short of an overall majority, is also piling pressure on Mr Barnier.

More than 100,000 left-wing demonstrators rallied across France on Saturday to protest against his nomination and denounce Mr Macron's “power grab”.

On Sunday, Ms Le Pen urged Mr Macron to conduct a referendum on key issues such as immigration, health care and security to give the people a direct vote. The RN “will unreservedly support any approach aimed at giving people the power to decide directly”, Ms Le Pen said, speaking in the northern town of Henin-Beaumont, the far-right's stronghold.

“Emmanuel Macron himself, in the chaos he has created, has levers to keep our democracy live,” she added.

To prevent the RN from having an absolute majority and forming a government, about 200 candidates stood down ahead of the final round of the snap polls in July to avoid splintering the anti-RN vote, sparking the far-right's outrage.

Ms Le Pen indicated she would watch Mr Barnier's every move.

“If, in the coming weeks, the French are once again forgotten or mistreated, we will not hesitate to censure the government,” she added.

Speaking to reporters, Ms Le Pen, 56, also said she expected France to hold new legislative elections “within a year”. “This is good because I think that France needs a clear majority,” she said.

The left-wing coalition has also vowed to topple Mr Barnier with a no-confidence motion.

The alliance wanted Lucie Castets, a 37-year-old economist, to become prime minister, but Mr Macron quashed that idea, arguing that she would not survive a confidence vote.

French far-right leads after election first round – in pictures

  • 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

Mr Barnier, who is working to form a government, held consultations with some of the country's key political players over the weekend. On Sunday, he met former prime minister Edouard Philippe, who has said he would seek to succeed Mr Macron in 2027, and Francois Bayrou, a centrist.

The French public are largely satisfied with Mr Macron's choice of prime minister, but believe he will not last long in his new post, according to a poll released on Sunday.

Fifty-two per cent of people polled said they were satisfied with the appointment of Mr Barnier, according to the Ifop poll for the Journal du Dimanche. By comparison, 53 per cent of respondents approved the nomination of Mr Barnier's predecessor, Gabriel Attal, when he was appointed prime minister in early January, becoming France's youngest-ever premier at 34.

According to the poll, a majority of respondents see Mr Barnier, the oldest Prime Minister in the history of modern France, as competent (62 per cent), open to dialogue (61 per cent) and likeable (60 per cent).

However, 74 per cent of respondents polled believe he would not last long in the post. Ifop polled 950 adults online on September 5-6. The margin of error was up to 3.1 points.

The bio

His favourite book - 1984 by George Orwell

His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard

Favourite place to travel to - Peloponnese, Southern Greece

Favourite movie - The Last Emperor

Favourite personality from history - Alexander the Great

Role Model - My father, Yiannis Davos

 

 

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

UK%20record%20temperature
%3Cp%3E38.7C%20(101.7F)%20set%20in%20Cambridge%20in%202019%3C%2Fp%3E%0A
What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

Spider-Man: No Way Home

Director: Jon Watts

Stars: Tom Holland, Zendaya, Jacob Batalon 

Rating:*****

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

2289 - Dh10

2252 - Dh50

6025 - Dh20

6027 - Dh100

6026 - Dh200

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20flat%206-cylinder%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20PDK%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E500hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E450Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh530%2C300%20as%20tested%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
MATCH INFO

Liverpool v Manchester City, Sunday, 8.30pm UAE

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Monster Hunter: World

Capcom

PlayStation 4, Xbox One

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

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

Score

Third Test, Day 2

New Zealand 274
Pakistan 139-3 (61 ov)

Pakistan trail by 135 runs with 7 wickets remaining in the innings

Harry%20%26%20Meghan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELiz%20Garbus%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Duke%20and%20Duchess%20of%20Sussex%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 

Result
Qualifier: Islamabad United beat Karachi Kings by eight wickets

Fixtures
Tuesday, Lahore: Eliminator 1 - Peshawar Zalmi v Quetta Gladiators
Wednesday, Lahore: Eliminator 2 – Karachi Kings v Winner of Eliminator 1
Sunday, Karachi: Final – Islamabad United v Winner of Eliminator 2

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
The bio:

Favourite film:

Declan: It was The Commitments but now it’s Bohemian Rhapsody.

Heidi: The Long Kiss Goodnight.

Favourite holiday destination:

Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.

Heidi: Australia but my dream destination would be to go to Cuba.

Favourite pastime:

Declan: I love brunching and socializing. Just basically having the craic.

Heidi: Paddleboarding and swimming.

Personal motto:

Declan: Take chances.

Heidi: Live, love, laugh and have no regrets.

 

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
MATCH INFO

Euro 2020 qualifier

Ukraine 2 (Yaremchuk 06', Yarmolenko 27')

Portugal 1 (Ronaldo 72' pen)

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Martin Sabbagh profile

Job: CEO JCDecaux Middle East

In the role: Since January 2015

Lives: In the UAE

Background: M&A, investment banking

Studied: Corporate finance

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ESingle%20front-axle%20electric%20motor%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E218hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E330Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%20%3C%2Fstrong%3E402km%20(claimed)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh215%2C000%20(estimate)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3C%2Fp%3E%0A
UAE Premiership

Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes

Fixture
Friday, March 29, Abu Dhabi Harlequins v Jebel Ali Dragons, The Sevens, Dubai

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.”

Challenge Cup result:

1. UAE 3 faults
2. Ireland 9 faults
3. Brazil 11 faults
4. Spain 15 faults
5. Great Britain 17 faults
6. New Zealand 20 faults
7. Italy 26 faults

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Updated: September 09, 2024, 10:13 AM