French President Emmanuel Macron is seen on monitors in a control room at AFP headquarters as he addresses the nation during a televised broadcast from the presidential Elysee Palace on December 5, 2024. AFP
French President Emmanuel Macron is seen on monitors in a control room at AFP headquarters as he addresses the nation during a televised broadcast from the presidential Elysee Palace on December 5, 2024. AFP
French President Emmanuel Macron is seen on monitors in a control room at AFP headquarters as he addresses the nation during a televised broadcast from the presidential Elysee Palace on December 5, 2024. AFP
French President Emmanuel Macron is seen on monitors in a control room at AFP headquarters as he addresses the nation during a televised broadcast from the presidential Elysee Palace on December 5, 20

Emmanuel Macron says a new French prime minister will be nominated in days


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French President Emmanuel Macron on Thursday said that he would nominate a new prime minister within days after politicians caused the collapse of the government for the first time in more than six decades.

The cabinet's priority will be to pass a special budget law before mid-Decemberm, which will allow public services to continue, Mr Macron said in a recorded 10-minute televised address.

"It's necessary to protect the French people from automatic increases caused by inflation, because I refuse that the French people pay the bill," he said. "It's also necessary to allow the country to invest in its army, its judiciary, its police, but also for farmers who were waiting for this budget."

Prime Minister Michel Barnier handed in his resignation earlier on Thursday after the far-right and far-left allied in a no-confidence vote to cause his government to fall after disagreements over the budget, leaving Mr Macron desperately trying to calm a political crisis in the eurozone's second-largest economy.

Possible candidates to replace him include veteran centrist politician Francois Bayrou and Defence Minister Sebastien Lecornu, both of whom are considered to be close to the President.

Mr Macron recognised that his decision to call a snap election in June after a European election, which resulted in no clear majority, had been "misunderstood". But despite increasingly criticism, he refused to take responsibility for starting the worsening political crisis.

"I will never shoulder the irresponsibility of others, particularly from lawmakers who chose to cause the government to collapse over the budget, a few days before the Christmas holidays," he said.

Mr Macron, whose mandate ends in 2027, defied calls for his resignation from some left-wing politicians, saying he would stay on for the duration of his mandate. "We have in front of us 30 months until the end of my mandate – 30 months so that the government can act to make France stronger," he said.

Mr Macron accused politicians of causing the cabinet's collapse to prepare for the next presidential election. "They are only thinking of one thing, the presidential election, to prepare it and provoke it with cynicism and a certain sense of chaos," he said.

He ended his speech on an optimistic note as he reminded viewers that France would celebrate on Saturday the reopening of the 800-year old Notre-Dame cathedral in Paris, five years after it nearly burned to the ground in an accidental fire.

French President Emmanuel Macron was expected to move quickly to appoint a new government after returning from a trip to Saudi Arabia. AFP
French President Emmanuel Macron was expected to move quickly to appoint a new government after returning from a trip to Saudi Arabia. AFP

"It's proof that we know how to do great things," Mr Macron said, drawing a parallel with the Paris Summer Olympic Games, which were widely hailed as a success.

About 1,500 people have been invited to attend the ceremony, which starts about 7pm local time on Saturday with a speech by Mr Macron outside the cathedral. Advisers to the President said that 35 heads of state have confirmed their attendance, including US president-elect Donald Trump and departing US first lady Jill Biden.

Lebanon's Catholic Maronite Patriarch Bechara Rai and New York's cardinal Timothy Dolan, as well as non-Catholic religious figures, are also expected.

The spiritual ceremony, which will involve singing psalms and a symbolic awakening of the cathedral's doors and organ by Paris's archbishop, Laurent Ulrich, will be followed by outdoor musical celebrations for the general public later in the evening. The reconstruction of the Parisian church is a matter of personal pride for Mr Macron, who has hailed it as a symbol of hope for the country.

After his resignation, Mr Barnier became the shortest-serving prime minister in France's Fifth Republic. The former EU chief Brexit negotiator had tried to push through budget cuts without a vote, a move that can be thwarted by a no-confidence vote.

France's constitution does not allow for parliamentary elections to take place more than once a year, and it is widely expected that the current political instability will lead to new elections next summer.

Emmanuel Macron will welcome dignitaries to the grand reopening of the Notre-Dame cathedral in Paris this week. AP
Emmanuel Macron will welcome dignitaries to the grand reopening of the Notre-Dame cathedral in Paris this week. AP

Yael Braun-Pivet, the president of the National Assembly and a member of Mr Macron’s centrist party, urged the President to move quickly after the Barnier government collapsed. “There must not be any political hesitation,” she told France Inter radio.

While Mr Macron's term runs until 2027 and he retains broad foreign policy powers under France's constitution, the stalemate in the National Assembly leaves no clear way forward in domestic politics.

Far-right National Rally leader Marine Le Pen, whose party holds the most seats in the assembly, stopped short of calling for Mr Macron's resignation but warned that “the pressure on the President of the republic will get stronger and stronger". She called him the “main culprit for the current situation”.

Leaders of the left-wing France Unbowed party told Mr Macron to quit. “Even with a Barnier every three months, Macron cannot hold on for three more years,” said three-time presidential candidate Jean-Luc Melenchon.

The political turmoil in France further weakens a EU already reeling from the implosion of Chancellor Olaf Scholz's coalition in Germany, which is on course for elections in February.

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

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UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season

Biog:

Age: 34

Favourite superhero: Batman

Favourite sport: anything extreme

Favourite person: Muhammad Ali 

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

In numbers

- Number of children under five will fall from 681 million in 2017 to 401m in 2100

- Over-80s will rise from 141m in 2017 to 866m in 2100

- Nigeria will become the world’s second most populous country with 791m by 2100, behind India

- China will fall dramatically from a peak of 2.4 billion in 2024 to 732 million by 2100

- an average of 2.1 children per woman is required to sustain population growth

Result

2.15pm: Maiden Dh75,000 1,950m; Winner: Majestic Thunder, Tadhg O’Shea (jockey), Satish Seemar (trainer).

2.45pm: Handicap Dh80,000 1,800m; Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.

3.15pm: Handicap Dh85,000 1,600m; Winner: Native Appeal, Adam McLean, Doug Watson.

3.45pm: Handicap Dh115,000 1,950m; Winner: Conclusion, Antonio Fresu, Musabah Al Muhairi.

4.15pm: Handicap Dh100,000 1,400m; Winner: Pilgrim’s Treasure, Tadhg O’Shea, Satish Seemar.

4.45pm: Maiden Dh75,000 1,400m; Winner: Sanad Libya, Richard Mullen, Satish Seemar.

5.15pm: Handicap Dh90,000 1,000m; Winner: Midlander, Richard Mullen, Satish Seemar

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Updated: December 06, 2024, 6:46 AM