French far-right presidential candidate Marine Le Pen vowed on Thursday to issue fines to Muslims who wear headscarves in public, as candidates made a final push for votes three days before an election seen as increasingly close.
President Emmanuel Macron built what seemed to be an unassailable lead before the first round of polls on Sunday but Ms Le Pen has eroded the margin and feels she has a real chance of winning the run-off on April 24.
With France's traditional right and left-wing parties facing electoral disaster, far-left candidate Jean-Luc Melenchon is on course to come third and he still believes he can sneak into a run-off.
Ms Le Pen is to hold her last campaign rally on Thursday evening in the southern stronghold of Perpignan, where her National Rally party has long had strong support and runs the local council.
She told RTL radio how her pledge to ban the headscarf in all public spaces would be implemented, saying it would be enforced by police in the same way as wearing seatbelts in cars.
"People will be given a fine in the same way that it is illegal to not wear your seat belt. It seems to me that the police are very much able to enforce this measure," she said.
Ms Le Pen has said she will use referendums to try to avoid constitutional challenges to many of her proposed laws on the basis that they are discriminatory and an infringement on personal freedom.
Previous legislation in France banning obvious religious symbols in schools or full-face coverings in public was allowed on the basis that it applied to all citizens and in specific settings.
Ms Le Pen, 53, has toned down her anti-immigration speech during campaigning this year and has focused on household spending, putting her closer than ever to power, polls indicate.
The latest surveys suggest she is within striking distance of centrist Mr Macron if the two of them come top in the first round of voting on Sunday.
An average of polls indicate Mr Macron has a slight lead of 54 per cent in the run-off, compared with 46 per cent for Ms Le Pen.
Mr Melenchon is also rising strongly ahead of voting and is talking up his chances of springing a surprise.
The war in Ukraine and strains on the health system after two years of Covid-19 are high among voter concerns, behind the biggest priorities: inflation and incomes.
The slogan "Vote!" underlines the priority for Ms Le Pen in encouraging supporters to turn out on Sunday after high abstention rates resulted in a disappointing result for her in regional elections last June.
Greens candidate Yannick Jadot, conservative Valerie Pecresse, far-right former TV pundit Eric Zemmour and flagging Socialist nominee Anne Hidalgo also had rallies planned for Thursday.
Le Monde newspaper reported that Ms Hidalgo hosted a secret dinner of Socialist notables including former president Francois Hollande to discuss the party's post-election future, prompting claims that she had capitulated before the poll had even taken place.
Mr Macron was to give an interview to the Aujourd'hui newspaper in which he is expected to continue his strategy of promising steady leadership in a time of crisis, while portraying Ms Le Pen as a dangerous extremist.
"Our initial objective is to consolidate our lead and to prevent Marine Le Pen coming out ahead in the first round," a source in Mr Macron's ruling party told AFP.
Despite entering the campaign late after being distracted by the war in Ukraine, he has no scheduled public events on Thursday.
"I've acquired experience of crises, international experience. I've also learned from my mistakes," Mr Macron told Le Figaro newspaper.
He acknowledged that "results on immigration were insufficient" and that new arrivals had increased at the start of his term in 2017-2019.
"Worries were created at this point. I didn't succeed in reducing them and they have fed the extremes," Mr Macron said, referring to Ms Le Pen and Mr Zemmour, who is promising "zero immigration".
A recent poll found that a slim majority of French people (51 per cent) found Ms Le Pen worrying, while 39 per cent considered she had the stature of a president, up from 21 per cent in 2017.
About 65 per cent of French people thought Ms Macron had the stature of a president, the survey from the left-leaning Jean-Jaures Foundation showed.
Ms Le Pen laughed at the idea that she could be demonised on her third run for the presidency, despite Mr Macron's intention of attacking her as economically reckless and xenophobic.
"Scare-mongering, which entails saying that unless Emmanuel Macron is re-elected, it will be a crisis, the Sun will be extinguished, the sea will disappear and we'll suffer an invasion of frogs, no longer works," she told RTL.
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
The%20specs
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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
When Umm Kulthum performed in Abu Dhabi
Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.
Company%C2%A0profile
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THE BIO
Favourite author - Paulo Coelho
Favourite holiday destination - Cuba
New York Times or Jordan Times? NYT is a school and JT was my practice field
Role model - My Grandfather
Dream interviewee - Che Guevara
Safety 'top priority' for rival hyperloop company
The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.
He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.
“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.
“Only once the system has been certified and approved will it move people,” he said.
HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon.
With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.
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.”
Profile
Company name: Jaib
Started: January 2018
Co-founders: Fouad Jeryes and Sinan Taifour
Based: Jordan
Sector: FinTech
Total transactions: over $800,000 since January, 2018
Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups
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The specs: 2018 Dodge Durango SRT
Price, base / as tested: Dh259,000
Engine: 6.4-litre V8
Power: 475hp @ 6,000rpm
Torque: 640Nm @ 4,300rpm
Transmission: Eight-speed automatic
Fuel consumption, combined: 7.7L / 100km
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Company%20profile
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pakistan Test squad
Azhar Ali (capt), Shan Masood, Abid Ali, Imam-ul-Haq, Asad Shafiq, Babar Azam, Fawad Alam, Haris Sohail, Imran Khan, Kashif Bhatti, Mohammad Rizwan (wk), Naseem Shah, Shaheen Shah Afridi, Mohammad Abbas, Yasir Shah, Usman Shinwari
Aggro%20Dr1ft
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