Emmanuel Macron faces the gravest crisis of his 14-month French presidency after a security chief was caught on film mistreating a demonstrator and assaulting another in an incident that led to suspicions of a cover-up by the Elysee Palace.
Mr Macron’s interior minister, Gerard Collomb, will be questioned in parliament on Monday and Tuesday. He’ll be quizzed on an affair that is causing acute embarrassment to an administration that took office with promises to clean up French politics after decades of corruption scandals.
Alexandre Benalla was suspended for two weeks for his actions during the May 1 protest in Paris. But he was allowed to return to duties that included responsibility for security at the Bastille Day parade on the Champs-Elysees and the return of the triumphant French football team from the World Cup.
Amid growing opposition anger, the Elysee announced on Friday that he would be dismissed, not for mistreating protestors but for improperly obtaining official documents. These are understood to be police video evidence obtained in an attempt to justify his actions.
Along with three senior police officers and another presidential security official, Mr Banalla was placed under arrest and forced to cancel plans to marry at the weekend. Three separate formal inquiries have been launched. Three separate inquiries have been launched. A formal judicial investigation, which could lead to criminal charges, was opened yesterday.
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Macron's 14-months in office:
Video emerges of Macron bodyguard beating protester in Paris
Calls for calm after French police killing sparks Nantes riots
France and Germany are trying to relaunch Old Europe as the forces of populism circle
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Mr Benalla was filmed after joining officers dealing with incidents on the fringes of the May 1 demonstration. Wearing a helmet with police insignia and surrounded by riot police, he is seen dragging a young woman roughly along the street and then striking a young man.
The film was circulated by another protestor but it was not until last week that Le Monde newspaper identified Mr Macron's security man as the alleged aggressor.
Mr Benalla, 26, has a colourful past closely connected to politics. He previously worked as a bodyguard for the former socialist president Francois Hollande as well as other senior politicians. One of them, former minister Arnaud Montebourg, told Le Monde that he sacked Mr Banalla after he caused a road accident and then wanted to "flee the scene". Mr Benalla contests the politician's account.
Photographs reproduced in recent days show how close he was to Mr Macron as the president’s security chief attached to the office of his chief of staff.
He enjoyed the highest level of access to parliament and helped to protect the president during his 2017 election campaign and subsequently during holidays and private visits with his wife, Brigitte.
A rugby enthusiast of Moroccan family origins, he adopted Alexandre as a more “French” first name according to local reports. His muscular approach to protection work has reportedly earned him the nickname “Rambo”.
A Sunday newspaper, Le Journal du Dimanche, said Mr Benalla was actively preparing a defence, claiming he acted lawfully by helping police deal with outbreaks of violence.
Mr Collomb, as interior minister, was made aware of the Mayday incidents the next day. Members of parliament and senators will want to know why he did no more than pass the matter to Mr Macron’s chief of staff. He said nothing publicly until Thursday, the day after details of Mr Benalla’s alleged misconduct appeared.
Jean-Luc Melenchon, leader of the left-wing La France Insoumise (France Unbowed) party, said he believed Mr Collomb and others would have to resign.
Eric Ciotti, from the centre-right Les Republicains, said: "At the very top, everything was done to keep the facts under wraps. The interior minister, the police prefecture and the Elysee have tried to hide them [the facts]. If Le Monde had not revealed the affair, it would have remained an Elysee drawing room secret."
The crisis follows a series of disclosures undermining Mr Macron’s desire to be seen as a breath of fresh air in the often murky world of French politics.
He has shown a bold taste for change, defying months of strikes by rail workers opposed to reforms. A new law to tighten ethics in public office was passed soon after he took power. But he has been unable to shrug off jibes that he is a “president for the rich”.
Opponents seized on the order of a new 1,200-piece dinner service for the Elysee (his office rejects claims it will cost over €500,000, or Dh2.1m), his use of the presidential jet for a journey of just 110km and plans for a swimming pool at a shore-side presidential holiday retreat on the Mediterranean coast. When a student addressed him as Manu, the diminutive form of his first name, he sternly told him he should be addressed as “Monsieur le president or monsieur”.
There has been no World Cup “bounce” in the opinion polls. The most recent, conducted after the 4-2 win over Croatia in the final, showed his disapproval rating had risen by six points to 59 per cent.
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.”
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The National selections
Al Ain
5pm: Bolereau
5.30pm: Rich And Famous
6pm: Duc De Faust
6.30pm: Al Thoura
7pm: AF Arrab
7.30pm: Al Jazi
8pm: Futoon
Jebel Ali
1.45pm: AF Kal Noor
2.15pm: Galaxy Road
2.45pm: Dark Thunder
3.15pm: Inverleigh
3.45pm: Bawaasil
4.15pm: Initial
4.45pm: Tafaakhor
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
COMPANY%20PROFILE
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now