Sarkozy's forlorn campaign deepened France's divisions



Nicolas Sarkozy's last major rally before France's presidential elections starting today was not a good one for the incumbent head of state. The diminutive 57-year-old looked tired and drawn as, gesticulating wildly in central Paris, he pleaded with voters to give him a second chance. "Frenchwomen, Frenchmen," he shouted. "Help me!"

This was on the day that the Journal du Dimanche, a newspaper that is normally loyal to Mr Sarkozy, carried an Ifop poll claiming that 64 per cent of the French disapprove of him. Such a figure confirms him as the most unpopular president in recent French history by far. It was accompanied by numerous other surveys that suggest Mr Sarkozy will get through the first round of voting today, but then be wiped out by his Socialist rival, Francois Hollande, by more than 10 per cent in the second round on May 6.

Such an outcome would be utterly disastrous for a self-styled radical conservative who promised to free France from the kind of left-wing "big government" which Mr Hollande represents. Rather than relying on a vast public-service sector and high taxes, Mr Sarkozy promised a liberal economy in which every class of people could succeed. "Work more to earn more" was his campaign slogan in 2007, but he has created neither the conditions nor the inclination for people to do so.

A sense of failure certainly marked the rally on the Place de la Concorde, the most historic square in France, and - looking around the subdued crowd - you could see exactly why. Instead of a representative sample of an industrious, aspirational and diverse population, those clutching their cheap Tricolours and wearing the odd red-white-and-blue rosette were for the most part uniform traditionalists - white and prosperous. All decent people, of course, but - on that weekend at least - wholly alienated from the ethnic minorities who now make up a hugely significant proportion of the citizenry.

Mr Sarkozy made it clear what he thinks of about six million French Muslims during his term of office, introducing a swathe of discriminatory legislation including the burqa ban. One year on, it has achieved nothing except to criminalise a number of suburban housewives.

There have also been measures to stop Muslims praying in the street because of a lack of mosques. Nothing, however, has been done to halt the widespread racism and lack of opportunities experienced in Muslim communities. Youths on estates, in particular, suffer unemployment rates approaching 60 per cent, and have to put up with constant stop-and-search policing.

In recent months, Mr Sarkozy's vitriol has also included an absurd onslaught against halal meat, but it was his handling of the recent murders in Toulouse which was particularly repugnant. Rather than sticking to the widespread view that the 23-year-old Mohammed Merah was a "lone wolf" fanatic who had perverted Islamic teachings into a barbaric excuse to murder seven people, Mr Sarkozy used the outrage to reinforce prejudice. Fears about an "enemy within" lurking on predominantly Muslim out-of-town housing estates intensified as Mr Sarkozy ordered raids across France. Five so-called "Islamic fundamentalists" were deported, while dozens more were held under strict antiterrorist legislation.

Many of the raids, conducted by heavily armed special forces, were filmed by TV crews and broadcast on all major channels. Meanwhile, Mr Sarkozy came out with sound-bites aimed at accompanying the footage, including comparing the Merah murders to the September 11 attacks.

It was all part of a legacy which Mr Sarkozy had forged while he was France's interior minister. His uncompromising image was strengthened when he referred to juvenile troublemakers as "scum" who should be "blown away with a power hose". When he came to power, the talk was of distributing wealth in the style of liberal capitalist countries like America and the UK. Instead, law and order dominated his term of office, with "security" and a poisonous national-identity debate used to stigmatise entire sections of the population, from suburban youths to Roma travellers.

Marine Le Pen, the leader of the Front National, is among those who have benefited from this lurch to the far-right, playing on the fears of working-class voters about immigration and threats to traditional French life. At the beginning of the election campaign, she claimed to be on course to match her father Jean-Marie Le Pen's achievement of reaching the second round in 2002, but that now looks impossible.

The reason is that the vast majority of people are as tired of Ms Le Pen's bigotry as they are of Mr Sarkozy's. Xenophobia certainly still has its place in the consciousness of a citizenry which harks back to a bellicose nation spurred on by the speeches of Napoleon Bonaparte or Charles de Gaulle, but most have other priorities. A recent BPCE poll for the French financial newspaper Les Echos cited an unemployment rate of more than 10 per cent as France's most pressing problem, with immigration ninth on the list of priorities. Economic disasters including the euro crisis have seen the cost of living soar, along with the number of ordinary people living in poverty.

Mr Sarkozy has, in the meantime, introduced tax breaks for a tiny minority of super-rich cronies, while living the life of a tycoon himself, alongside his heiress third wife, Carla Bruni-Sarkozy. The couple have regularly enjoyed luxury holidays abroad (often at somebody else's expense), or else at Ms Bruni-Sarkozy's palatial private villa on the Riviera.

Mr Sarkozy's first major step on achieving office in 2007 was to award himself a pay-rise of some 140 per cent. The move showed no empathy whatsoever with ordinary French people. The presidential election of 2012 will probably show that they now have no empathy with him, or his divisive politics.

Nabila Ramdani is a French writer and academic of Algerian origin

On Twitter: @NabilaRamdani

We Weren’t Supposed to Survive But We Did

We weren’t supposed to survive but we did.      
We weren’t supposed to remember but we did.              
We weren’t supposed to write but we did.  
We weren’t supposed to fight but we did.              
We weren’t supposed to organise but we did.
We weren’t supposed to rap but we did.        
We weren’t supposed to find allies but we did.
We weren’t supposed to grow communities but we did.        
We weren’t supposed to return but WE ARE.
Amira Sakalla

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

About Housecall

Date started: July 2020

Founders: Omar and Humaid Alzaabi

Based: Abu Dhabi

Sector: HealthTech

# of staff: 10

Funding to date: Self-funded

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.”

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

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Results

1. Mathieu van der Poel (NED) Alpecin-Fenix - 3:45:47

2. David Dekker (NED) Jumbo-Visma - same time

3. Michael Morkov (DEN) Deceuninck-QuickStep   

4. Emils Liepins (LAT) Trek-Segafredo

5. Elia Viviani (ITA) Cofidis

6. Tadej Pogacar (SLO UAE Team Emirates

7. Anthony Roux (FRA) Groupama-FDJ

8. Chris Harper (AUS) Jumbo-Visma - 0:00:03

9. Joao Almeida (POR) Deceuninck-QuickStep         

10. Fausto Masnada (ITA) Deceuninck-QuickStep

A little about CVRL

Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

The specs: 2018 Genesis G70

Price, base / as tested: Dh155,000 / Dh205,000

Engine: 3.3-litre, turbocharged V6

Gearbox: Eight-speed automatic

Power: 370hp @ 6,000rpm

Torque: 510Nm @ 1,300rpm

Fuel economy, combined: 10.6L / 100km

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Thanksgiving meals to try

World Cut Steakhouse, Habtoor Palace Hotel, Dubai. On Thursday evening, head chef Diego Solis will be serving a high-end sounding four-course meal that features chestnut veloute with smoked duck breast, turkey roulade accompanied by winter vegetables and foie gras and pecan pie, cranberry compote and popcorn ice cream.

Jones the Grocer, various locations across the UAE. Jones’s take-home holiday menu delivers on the favourites: whole roast turkeys, an array of accompaniments (duck fat roast potatoes, sausages wrapped in beef bacon, honey-glazed parsnips and carrots) and more, as  well as festive food platters, canapes and both apple and pumpkin pies.

Ruth’s Chris Steakhouse, The Address Hotel, Dubai. This New Orleans-style restaurant is keen to take the stress out of entertaining, so until December 25 you can order a full seasonal meal from its Takeaway Turkey Feast menu, which features turkey, homemade gravy and a selection of sides – think green beans with almond flakes, roasted Brussels sprouts, sweet potato casserole and bread stuffing – to pick up and eat at home.

The Mattar Farm Kitchen, Dubai. From now until Christmas, Hattem Mattar and his team will be producing game- changing smoked turkeys that you can enjoy at home over the festive period.

Nolu’s, The Galleria Mall, Maryah Island Abu Dhabi. With much of the menu focused on a California inspired “farm to table” approach (with Afghani influence), it only seems right that Nolu’s will be serving their take on the Thanksgiving spread, with a brunch at the Downtown location from 12pm to 4pm on Friday.

The Dark Blue Winter Overcoat & Other Stories From the North
Edited and Introduced by Sjón and Ted Hodgkinson
Pushkin Press 

The specs: 2018 Kia Picanto

Price: From Dh39,500

Engine: 1.2L inline four-cylinder

Transmission: Four-speed auto

Power: 86hp @ 6,000rpm

Torque: 122Nm @ 4,000rpm

Fuel economy, combined: 6.0L / 100km

The specs: 2019 Haval H6

Price, base: Dh69,900

Engine: 2.0-litre turbocharged four-cylinder

Transmission: Seven-speed automatic

Power: 197hp @ 5,500rpm

Torque: 315Nm @ 2,000rpm

Fuel economy, combined: 7.0L / 100km

Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour