Fréjus, France // As French voters delivered a mid-term humiliation to Francois Hollande’s socialist government, forcing his prime minister’s resignation, elections at the weekend also revealed a remarkable phenomenon: Muslims voting with the far right, anti-immigration Front National (FN).
Marine Le Pen’s party, which took control of 11 town halls across the country, is seen by critics as anti-Islam and even racist.
The party claims to be neither. But it was previously unthinkable that French Muslims with roots in the Maghreb, other than the families of Harkis, who fought with France in the Algerian war of independence, would dream of supporting it.
Equivalents would arguably be African Americans voting for the Ku Klux Klan or British miners supporting Margaret Thatcher.
One triumphant FN mayor, Steeve Briois, who won in the northern town of Hénin-Beaumont with more than half the vote, assured a French television reporter: “We don’t eat children.”
But Ms Le Pen’s determined campaign to “de-demonise” the image of her party has not convinced everyone. Her father, Jean-Marie, the founder of the FN and notorious for Holocaust denial and anti-Islam comments, remains the party’s “president of honour”.
In the Riviera resort of Fréjus, where one of Ms Le Pen’s young supporters was the winner in second-round voting to be become mayor, there was a mixed reaction.
Riot police were on duty as tensions rose when opponents as well as well-wishers gathered after the declaration. A small group of protesters hurled insults outside the FN’s campaign office; its supporters responded by singing the French anthem, La Marseillaise.
Earlier, a group of Muslim council workers watching as media gathered outside the Fréjus town hall had explained the unexpected appeal of the FN to Maghrebins.
“People want change,” said one of them, Karim, 40, born in France but brought up in his parents’ native Algeria.
He said he knew Muslims who had voted FN but would not disclose whether he was among them, saying only: “The main left and right parties have failed them. But for many Muslims, the moves towards legalising gay marriage would be enough by itself to vote for a party like the FN that opposes it too.”
The new mayor, David Rachline, 26, insisted his party would run the town in a way that treated all 52,000 inhabitants equally “irrespective of their origins, religion, politics or social status”. He had earlier told The National he knew “quite a number” of Muslims who, sharing the FN’s concerns about France’s political and economic malaise, had promised him their votes.
In the north-eastern town of Forbach, where the FN fell short of another dramatic victory, a former miner identified as Ahmed, 53, described his attraction to Ms Le Pen’s politics.
“It might seem bizarre for an Algerian’s son,” he told the daily newspaper Aujourd’hui en France.
“But my vote is a sanction. We give far too many handouts [to foreigners] in France and not enough to the French. I wanted to see at least once what the FN would make of being in power.”
The appeal of the FN to some Muslims has previously been charted by the France 24 television network.
Farid Smahi, whose father fought with the French army in World War II but later against them as Algeria battled for freedom, told the channel a million people of Arab background voted for Ms Le Pen in the 2012 presidential elections.
Mr Smahi, a former FN official who has also worked among disadvantaged people in immigrant-dominated Parisian suburbs, believes such support comes mainly from educated or skilled Maghrebins who have arrived in France relatively recently rather than those born here. His estimates of voting patterns would be difficult if not impossible to verify.
There is more recent evidence, including blogs and YouTube clips, that confirm the surprising electoral choice made by some French Muslims. A Facebook page entitled “We are Muslims and proud to vote Marine Le Pen” has attracted nearly 1,600 “likes” in 11 months, though anti-Muslim comments have also been left by some visitors.
The appeal of the FN to Muslims should not be overstated. Many more will have been among the 36 per cent who cast no votes at all in the municipal elections, a record abstention rate.
But that is of little comfort to Mr Hollande, who yesterday reshuffled his government in recognition that the vote was, as one newspaper headline put it, a “mighty slap”.
Mr Hollande confirmed last night that his outgoing prime minister, Jean-Marc Ayrault, would be replaced by the interior minister, Manuel Valls, whose hardline views on immigration and security appeal more to conservative voters.
Unemployment, dwindling spending power and concerns about crime and immigration have made Mr Hollande the most unpopular president in modern times. Some 170 towns of more than 9,000 inhabitants passed from left to right in Sunday’s voting, with the mainstream Gaullist opposition party, the Union for a Popular Movement, the chief beneficiary.
Anne Hidalgo, a rare success for the socialists, successfully defending left-wing control of Paris to become the capital’s first female mayor, said Mr Hollande had no choice but to act. “We need really strong changes to the entire [government] team,” she said on French radio. “What I heard during the campaign was a demand for greater efficiency.”
The advances made by the FN in several of the towns it had targeted prompted Ms Le Pen to herald the end of a simple left-right divide in France.
Her party is expected to make further progress in forthcoming European parliamentary elections, and Ms Le Pen’s eyes are increasingly fixed on a serious presidential challenge in 2017.
foreign.desk@thenational.ae
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.”
Australia (15-1): Israel Folau; Dane Haylett-Petty, Reece Hodge, Kurtley Beale, Marika Koroibete; Bernard Foley, Will Genia; David Pocock, Michael Hooper (capt), Lukhan Tui; Adam Coleman, Izack Rodda; Sekope Kepu, Tatafu Polota-Nau, Tom Robertson.
Replacements: Tolu Latu, Allan Alaalatoa, Taniela Tupou, Rob Simmons, Pete Samu, Nick Phipps, Matt Toomua, Jack Maddocks.
UAE currency: the story behind the money in your pockets
Five ways to get fit like Craig David (we tried for seven but ran out of time)
Start the week as you mean to go on. So get your training on strong on a Monday.
Train hard, but don’t take it all so seriously that it gets to the point where you’re not having fun and enjoying your friends and your family and going out for nice meals and doing that stuff.
Think about what you’re training or eating a certain way for — don’t, for example, get a six-pack to impress somebody else or lose weight to conform to society’s norms. It’s all nonsense.
Get your priorities right.
And last but not least, you should always, always chill on Sundays.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Sukuk
An Islamic bond structured in a way to generate returns without violating Sharia strictures on prohibition of interest.
THE SPECS
Engine: 6.0-litre, twin-turbocharged W12
Transmission: eight-speed automatic
Power: 626bhp
Torque: 900Nm
Price: Dh1,050,000
On sale: now
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
The specs
Engine: 1.6-litre 4-cyl turbo and dual electric motors
Power: 300hp at 6,000rpm
Torque: 520Nm at 1,500-3,000rpm
Transmission: 8-speed auto
Fuel consumption: 8.0L/100km
Price: from Dh199,900
On sale: now
The specs: 2019 Infiniti QX50
Price, base: Dh138,000 (estimate)
Engine: 2.0L, turbocharged, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 268hp @ 5,600rpm
Torque: 380Nm @ 4,400rpm
Fuel economy: 6.7L / 100km (estimate)
MATCH INFO
What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany
Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)
Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed