Monday , November 25 2024

France & UAE sign energy cooperation deal

19-07-2022

PARIS: The governments of France and the United Arab Emirates signed on Monday a strategic agreement to cooperate in the energy sector, the French government said.

The partnership aimed to identify joint investment projects in France, the UAE or elsewhere in the sectors of hydrogen, renewable and nuclear energy, the French government said in a statement.

“In the currently uncertain energy context, this agreement will pave the way for a stable long-term framework for cooperation, opening the way for new industrial contracts,” it added.

The deal coincides with the visit to Paris of UAE President Sheikh Mohammed bin Zayed al-Nahyan during July 17-19, his first overseas state visit since taking over from his half-brother in May.

France is voting today (Sunday) in a high-stakes parliamentary election that could deprive centrist President Emmanuel Macron of the absolute majority he needs to govern with a free hand.

Meanwhile, thousands of anti-far right protesters marched across France on Saturday as opponents of presidential candidate Marine Le Pen seek to form a united front to prevent her from winning an election runoff against incumbent Emmanuel Macron on April 24.

Macron, a pro-European Union centrist, won the presidency in 2017 after easily beating Le Pen when voters rallied behind him in the runoff to keep her far-right party out of power.

This year, the first round of voting last Sunday set up the same battle, but Macron is facing a much tougher challenge.

In central Paris, thousands of people gathered chanting anti-far right slogans and warning of democratic upheaval if Le Pen were to win. One banner read: “Against the far-right. For justice and equality, not Le Pen at the Elysee,” referring to the French president’s official residence.

On 24 April 2022, French President Emmanuel Macron secured re-election, defeating far-right candidate Marine Le Pen. Despite his re-election to the presidency, dissatisfaction with Macron has been reflected by his relatively poor performance in both the presidential and parliamentary elections, with notable swings to both the political far-right and hard left (France24, 20 June 2022). During the presidential election, Macron lost electoral support in several regions of France and the overseas territories, with Le Pen comfortably outperforming Macron in Guadeloupe, Martinique, French Guiana, Mayotte, and Réunion (Guardian, 25 April 2022). Moreover, Macron’s Ensemble coalition lost its absolute majority in parliament during legislative elections on 12 and 19 June. Ensemble lost seats to the New Ecologic and Social People’s Union (NUPES), the left-wing coalition formed by hard-left leader Jean-Luc Mélenchon, and Le Pen’s far-right National Rally (Euronews, 20 June 2022). While National Rally did not win any parliamentary seats in the territories, several Macron-supporting incumbent politicians lost their seats to NUPES or regionalist candidates (Le Monde, 19 June 2022).

Earlier, the 2022 French presidential election was held on 10 and 24 April 2022. As no candidate won a majority in the first round, a runoff was held, in which Emmanuel Macron defeated Marine Le Pen and was re-elected as President of France. Macron, from La République En Marche! (LREM), had defeated Le Pen, leader of the National Rally, once already in the 2017 French presidential election, for the term which expired on 13 May 2022. Macron became the first President of France to win a re-election bid since Jacques Chirac won in 2002.

In the first round, Macron took the lead with 27.9% of votes, followed by Le Pen with 23.2%, Jean-Luc Mélenchon of La France Insoumise with 22%, and Éric Zemmour of Reconquête with 7.1%. Valérie Pécresse of The Republicans took 4.8% of the vote, and Anne Hidalgo, mayor of Paris and Socialist Party candidate, 1.8%. Both of these parties, considered to be the dominant parties until 2017, had the least support ever. (Int’l Monitoring Desk)

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