INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Macron in UAE for bilateral talks, Christmas with French troops

France's President Emmanuel Macron addresses French troops during a ceremony at the 5th Cuirassier Regiment's base in Zayed Military City, near Abu Dhabi, on December 21.
  • The French president traditionally celebrates the end-of-year holidays with troops deployed abroad, of whom there are more than 900 in the UAE.
  • France cooperates with the UAE on areas including artificial intelligence and trade, and now wants to secure the Gulf state's support in its war on drug trafficking.

Abu Dhabi, United Arab Emirates — President Emmanuel Macron arrived in the United Arab Emirates on Sunday to celebrate Christmas with French troops and to discuss bilateral ties with the Gulf state, as France hopes for more cooperation in its fight against drug trafficking.

Macron is due to meet with UAE President Mohamed bin Zayed Al Nahyan to discuss “strengthening the strategic partnership” between the two countries, according to the French presidency, which stressed their cooperation on security and defense.

The French president traditionally celebrates the end-of-year holidays with troops deployed abroad, of whom there are more than 900 in the UAE.

Macron will speak to them later Sunday, before sharing a Christmas meal prepared by the Elysee’s chefs.

France cooperates with the UAE on areas including artificial intelligence and trade, and now wants to secure the Gulf state’s support in its war on drug trafficking.

Major traffickers are believed to have found refuge in the UAE, Dubai in particular, and some of them are thought to have built up substantial real estate portfolios there.

The French delegation includes Justice Minister Gerald Darmanin, who last month called on the UAE to extradite some 15 suspected drug traffickers wanted by France.

And Macron said on Tuesday that he wanted to seek cooperation from countries where certain ringleaders are located to seize their assets and have them arrested.

The French troops deployed in the UAE take part in anti-drug trafficking patrols at sea.

They are also participating in Operation Aspides — the EU naval task force deployed to the Red Sea in response to attacks on ships by Yemen’s Iran-backed Houthi rebels — and in Operation Chammal, which seeks to contain the Islamic State group in Iraq and Syria.