Mr Macron is planning to announce new initiatives on the future of the European Union after German elections next month
Mr Macron is planning to announce new initiatives on the future of the European Union after German elections next month

Unloved at home, Macron seeks to regain France's place at the global top table



Emmanuel Macron has provided a check list that will be used to judge the impact of the new French president around the world.

The 39-year old has put French security and global leadership as the priorities for his tenure in the Elysee Palace.

By setting out clear goals and a hectic schedule of state visits, Mr Macron wants to restore French diplomatic prestige. His instruction to 200 ambassadors and leading diplomats was simple: a constant dialogue with all would gain influence and achieve strategic goals.

Winning the battle against Isil in Syria and Iraq — and then the challenge to rebuild both states — is number one priority for France.  "The security of the French is the raison d'être of our diplomacy, this requirement is visceral, we must respond without weakening," he said. “Restoring peace and stability — Iraq then Syria — is vital priority for France."

Mr Macron has not shrunk from addressing the root cause of the spate of terror attacks that has forced France to maintain a state of emergency since 2015.  “Yes this is Islamist terrorism. There’s no place for naivete, nor for fear of Islam which confuses Islamism and Islamic. We cannot deny the link between terrorist acts and a fundamental interpretation of a certain form of Islam," he said.

Engagement with the region has been a priority for Mr Macron who wants to reap the benefits of a more open French economy by growing strategic, trade, culture and defence links. The crisis over Qatar’s ties to extremism and harbouring of known terrorists prompted Mr Macron to appoint Jean-Yves Le Drian as an envoy to assist Kuwait’s mediation in the crisis.

"It is necessary for us to talk to all parties involved with two objectives in mind -preserve the necessary stability of the region, to refrain from adding a new crisis to the existing one," he observed. "We should not be oblivious to what has been done and to what is still being done in relation to terrorist groups we are combatting in the field."

The French president has also signalled he would take an active role in the Middle East peace process, including a visit to Jerusalem in the spring.

"We will continue our efforts with the United Nations to find a two-state solution, Israel and Palestine, living safely side-by-side within borders recognised by the international community, with Jerusalem at the capital of both states," he said.

For good measure, Paris will launch an initiative to promote development in Africa, as the centrepiece of his efforts to reduce migrant flows.

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Just over 100 days into his presidency, Mr Macron has already made dramatic gestures to raise the profile of France. Most notably he invited Vladimir Putin to take part in a lavishly ceremonial visit at Versailles, the playground of the French kings. Claiming credit for the visit, he noted that Syrian violations of France’s red line on the use of chemical weapons by the regime had ceased in its wake. But France also put to one side its demands that President Bashar al-Assad must step down. Now it plans to launch a new contact group on Syria with a meeting at the UN General Assembly meeting in New York next month.

Weeks after Mr Putin’s trip, the new leader used the Bastille Day celebrations to host Donald Trump on a remarkably trouble-free visit  to France. However despite the display of warmth, Mr Macron did not succeed in the cajoling the US leader to reverse America’s withdrawal from the Paris climate change accord.

Even so the visit served its purpose to put all on notice that France was back at the global top table. “What is most striking in the first months of his presidency is his desire to break taboos, to provoke in a constructive way, and to create a balance of power in a fairly intelligent way. This has been seen with the meetings with Putin, Trump and Netanyahu, but also more recently by stigmatising the behaviour of the Polish government in a much more direct way than is usually the case,” said Bruno Tertrais of the Fondation pour la recherche stratégique in Paris.

The 39-year-old also said he would announce new initiatives on the future of the European Union after German elections next month, including the launch of citizen conventions to plot a way forward.

The British decision to leave the EU was portrayed as an opportunity to attract sovereign wealth funds, finance and engineering business.

"I would rather build the future than go over the past," Macron told his diplomats, adding "Brexit should not take up all our energy.”

The French leader has slumped to unprecedented lows in opinion polls for a new leader. In a relaunch of his domestic team, he appointed a journalist with over 70,000 Twitter followers as a spokesman. Bruno Roger-Petit deleted his account but has a track record of handing out strident advice to Mr Macron. “Why Macron must absolutely abandon Jupiter,” was one example in June as berated the president for setting out to rule like a Roman god handing down edicts.

Foreign policy experts expect Mr Macron to play a high profile role across the region, not least when the Louvre Museum in Abu Dhabi opens later this year.

“The GCC’s feud has also offered Macron an opportunity early on in his presidency to assert France as a go-to superpower for Arab states seeking diplomatic backchannels with the aim of resolving multifaceted crises in the region,” wrote Giorgio Cafiero, the head of Gulf State Analytics.

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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Company%20Profile
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Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Company%20profile
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Company%20Profile
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UAE%20SQUAD
%3Cp%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Aryan%20Lakra%2C%20Ashwanth%20Valthapa%2C%20Asif%20Khan%2C%20Aryansh%20Sharma%2C%20CP%20Rizwaan%2C%20Hazrat%20Billal%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Rohan%20Mustafa%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%20and%20Zawar%20Farid.%3C%2Fp%3E%0A
COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

THE SPECS

Engine: 2.0-litre four-cylinder turbo

Transmission: eight-speed automatic

Power: 258hp at 5,000-6,500rpm

Torque: 400Nm from 1,550-4,400rpm

Fuel economy, combined: 6.4L/100km

Price, base: from D215,000 (Dh230,000 as tested)

On sale: now

WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
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Sreesanth's India bowling career

Tests 27, Wickets 87, Average 37.59, Best 5-40

ODIs 53, Wickets 75, Average 33.44, Best 6-55

T20Is 10, Wickets 7, Average 41.14, Best 2-12

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 

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.”

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

Slow loris biog

From: Lonely Loris is a Sunda slow loris, one of nine species of the animal native to Indonesia, Malaysia, Thailand and Singapore

Status: Critically endangered, and listed as vulnerable on the International Union for Conservation of Nature red list due to growing demand in the global exotic pet trade. It is one of the most popular primate species found at Indonesian pet markets

Likes: Sleeping, which they do for up to 18 hours a day. When they are awake, they like to eat fruit, insects, small birds and reptiles and some types of vegetation

Dislikes: Sunlight. Being a nocturnal animal, the slow loris wakes around sunset and is active throughout the night

Superpowers: His dangerous elbows. The slow loris’s doe eyes may make it look cute, but it is also deadly. The only known venomous primate, it hisses and clasps its paws and can produce a venom from its elbow that can cause anaphylactic shock and even death in humans

Sustainable Development Goals

1. End poverty in all its forms everywhere

2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture

3. Ensure healthy lives and promote well-being for all at all ages

4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

5. Achieve gender equality and empower all women and girls

6. Ensure availability and sustainable management of water and sanitation for all

7. Ensure access to affordable, reliable, sustainable and modern energy for all

8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation

10. Reduce inequality  within and among countries

11. Make cities and human settlements inclusive, safe, resilient and sustainable

12. Ensure sustainable consumption and production patterns

13. Take urgent action to combat climate change and its effects

14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development

15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

17. Strengthen the means of implementation and revitalise the global partnership for sustainable development

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COMPANY%20PROFILE
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2.0

Director: S Shankar

Producer: Lyca Productions; presented by Dharma Films

Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey

Rating: 3.5/5 stars

COMPANY%20PROFILE
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Sunday's games

Liverpool v West Ham United, 4.30pm (UAE)
Southampton v Burnley, 4.30pm
Arsenal v Manchester City, 7pm

Thor: Ragnarok

Dir: Taika Waititi

Starring: Chris Hemsworth, Tom Hiddleston, Cate Blanchett, Jeff Goldblum, Mark Ruffalo, Tessa Thompson

Four stars

The Specs

Price, base Dh379,000
Engine 2.9-litre, twin-turbo V6
Gearbox eight-speed automatic
Power 503bhp
Torque 443Nm
On sale now