The murdered hero of last week's extremist attack in southern France is being honoured in an elaborate, day-long national homage led by French President Emmanuel Macron.
It comes as questions are being raised about possible failures in French counterterrorism tracking of the gunman, who was on a radicalisation watch list before he went on a rampage last Friday.
The coffin of Lt Col Arnaud Beltrame was carried in procession in the Wednesday morning drizzle from the Pantheon across Paris to the Hotel des Invalides, the final resting place of Napoleon.
The French president will deliver a public eulogy in front of colleagues and family of Beltrame, who died of his wounds Saturday morning, hours after swapping himself for a hostage during a siege in a supermarket.
During the ceremony, Mr Macron will posthumously award Beltrame the Legion of Honour, France's highest award.
Three former presidents, Francois Hollande, Nicolas Sarkozy and Valéry Giscard d'Estaing, are also attending in a symbol of the political dimension this ceremony has taken.
The national homage includes a minute's silence in French police stations and myriad events in schools that both honour Beltrame's memory and provide a focal point for national grief after last Friday's killing spree.
Some 2,000 high school students and scores of police attended the Paris event that began as gendarmes sang the French revolutionary anthem the Marseillaise in the stone courtyard of the French Interior Ministry.
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Read more
France mourns victims of terror attack
France pays tribute to hostage-swap policeman after terror attack
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The ministry's boss, Gerard Collomb, maintained Wednesday morning that there were no "dysfunctions" in tracking Beltrame's killer, Redouane Lakdim, who also killed three other people before he was shot dead by police.
Speaking on France Inter, amid questions on possible failures in counterterrorism tracking, Mr Collomb confirmed the security services were about to reduce the surveillance on Lakdim, who was on a radicalisation watch list.
He said "ultimately no one thought that there would be a hasty attack" by Lakdim, a Moroccan-born French resident with dual nationality.
Questions have been also raised by authorities in Morocco.
The chief of a counterterrorism agency, known as Morocco's FBI, said Tuesday that France never alerted his country about Lakdim's radical behaviour — calling the absence of contact "a misunderstanding".
Since the attack, the agency — created three years ago to consolidate counterterrorism efforts — has been investigating Lakdim's family members in Morocco, Abdelhak Khiame told The Associated Press
Lakdim visited Morocco several times, most recently in February 2012, before the establishment of ISIL, Mr Khiame added.
MATCH INFO
Uefa Champions League last-16, second leg:
Real Madrid 1 (Asensio 70'), Ajax 4 (Ziyech 7', Neres 18', Tadic 62', Schone 72')
Ajax win 5-3 on aggregate
How to register as a donor
1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention
2) There are about 11,000 patients in the country in need of organ transplants
3) People must be over 21. Emiratis and residents can register.
4) The campaign uses the hashtag #donate_hope
The BaaS ecosystem
The BaaS value chain consists of four key players:
Consumers: End-users of the financial product delivered
Distributors: Also known as embedders, these are the firms that embed baking services directly into their existing customer journeys
Enablers: Usually Big Tech or FinTech companies that help embed financial services into third-party platforms
Providers: Financial institutions holding a banking licence and offering regulated products
Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
RESULTS
Bantamweight:
Zia Mashwani (PAK) bt Chris Corton (PHI)
Super lightweight:
Flavio Serafin (BRA) bt Mohammad Al Khatib (JOR)
Super lightweight:
Dwight Brooks (USA) bt Alex Nacfur (BRA)
Bantamweight:
Tariq Ismail (CAN) bt Jalal Al Daaja (JOR)
Featherweight:
Abdullatip Magomedov (RUS) bt Sulaiman Al Modhyan (KUW)
Middleweight:
Mohammad Fakhreddine (LEB) bt Christofer Silva (BRA)
Middleweight:
Rustam Chsiev (RUS) bt Tarek Suleiman (SYR)
Welterweight:
Khamzat Chimaev (SWE) bt Mzwandile Hlongwa (RSA)
Lightweight:
Alex Martinez (CAN) bt Anas Siraj Mounir (MAR)
Welterweight:
Jarrah Al Selawi (JOR) bt Abdoul Abdouraguimov (FRA)
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
Kill
Director: Nikhil Nagesh Bhat
Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal
Rating: 4.5/5
Match info
Premier League
Manchester United 2 (Martial 30', Lingard 69')
Arsenal 2 (Mustafi 26', Rojo 68' OG)
Diriyah project at a glance
- Diriyah’s 1.9km King Salman Boulevard, a Parisian Champs-Elysees-inspired avenue, is scheduled for completion in 2028
- The Royal Diriyah Opera House is expected to be completed in four years
- Diriyah’s first of 42 hotels, the Bab Samhan hotel, will open in the first quarter of 2024
- On completion in 2030, the Diriyah project is forecast to accommodate more than 100,000 people
- The $63.2 billion Diriyah project will contribute $7.2 billion to the kingdom’s GDP
- It will create more than 178,000 jobs and aims to attract more than 50 million visits a year
- About 2,000 people work for the Diriyah Company, with more than 86 per cent being Saudi citizens
COMPANY PROFILE
Company name: Clinicy
Started: 2017
Founders: Prince Mohammed Bin Abdulrahman, Abdullah bin Sulaiman Alobaid and Saud bin Sulaiman Alobaid
Based: Riyadh
Number of staff: 25
Sector: HealthTech
Total funding raised: More than $10 million
Investors: Middle East Venture Partners, Gate Capital, Kafou Group and Fadeed Investment
