Shortly after former New York governor Andrew Cuomo conceded defeat, his rival and once long-shot candidate Zohran Mamdani quoted Nelson Mandela as he declared victory in the New York City mayoral primary election.
"It always seems impossible until it is done," he said.
"Tonight we made history," Mr Mamdani added amid a round of cheers and applause from supporters.
Peter Yacobucci, a political science professor at Buffalo State University said that Mr Mamdani's victory sends a message to establishment Democrats who might be failing to properly read the mood of the electorate.
"It isn't 1990s anymore and recycling the old will no longer win," he said, referring to efforts by some to make make Democrats take increasingly centrist positions on various issues.
Prof Yacobucci also said that Mr Mamdani's genuine campaign style and fearless use of social media should also be taken note of by party leaders.
"Authenticity wins over scripted normalcy and if leadership does believe that Trump is a significant threat to our democracy they must embrace a new vision," he explained.
Besides being a stunning upset, the results from Tuesday's Democratic primary are also historic in the sense that New York City is now one step closer to electing its first Muslim mayor.
Ultimately, voters faced a choice between the two top candidates: former New York governor Andrew Cuomo and his main challenger, Zohran Mamdani, a Muslim socialist state assembly member who was born in Uganda.
In the first round of ranked-choice voting, Mr Mamdani won 43.5 per cent of the vote and Mr Cuomo 36.3 per cent, according to preliminary results from the city Board of Elections with more than 93 per cent of the ballots counted. Coming in third place on the first round was city comptroller Brad Lander, at 11.4 per cent. Mr Lander and Mr Mamdani had cross-endorsed each other.
It is a groundbreaking show by Mamdani, a 33-year-old Queens assemblyman who rose out of relative obscurity in recent weeks.
Technically, the result is not yet official. Under the city’s ranked-choice system, a candidate is declared the winner after receiving more than 50 per cent of the votes.
In each round, a candidate will be eliminated and their voters’ No 2 choice will be distributed to the remaining candidates. The process is repeated until a candidate receives a majority. The next rounds of tallying votes are scheduled for July 1.
Voting took place in sweltering heat and as the Big Apple tightens security after the US bombed Iran at the weekend.
The election also became a microcosm of New Yorkers’ views on ongoing conflicts in the Middle East, with Mr Cuomo pledging support for Israel as Mr Mamdani criticised the country’s wars in Gaza and Iran.
Mr Mamdani, who will likely continue to cruise to victory in the Democratic primary will face incumbent mayor Eric Adams, who won the 2021 election as a Democrat but is running this time as an independent.
Polls had largely shown Mr Cuomo ahead, but an Emerson College survey released on Monday showed Mr Mamdani prevailing in the city’s complex ranked-choice voting system.
This operates as a series of instant run-offs, in which the candidate in last place is eliminated and his or her votes redistributed based on voters' second choice. That process is repeated until a winner is decided.
Mr Mamdani hopes his platform of rent freezes and free child care, funded through heavy borrowing, will help voters look past his limited political experience as a state politician.
If victorious, Mr Mamdani stands a good chance in heavily Democratic New York of winning the general election in November.
He recently accused Mr Cuomo of Islamophobia, claiming that a political action committee supporting the former New York governor had doctored a photo of Mr Mamdani, artificially lengthening and darkening his beard.
Timothy Kneeland, a professor of history, politics and law at Nazareth University in upstate New York, said that Mr Mamdani's victory might be viewed like a Rorschach test for some in the Democratic party.
"Progressives will see this as a clear sign that the days of establishment Democrats are over, but moderates may focus only on Mamdani's economic message and claim that as a strategy for moderate candidates," he explained.
Regardless, he said that with a major primary victory in the biggest city in the US, Mr Mamdani has officially arrived on the national political stage.
"He has become a new voice in the Democratic Party and will have to be taken seriously by any candidate running for office," Prof Kneeland added.
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UAE currency: the story behind the money in your pockets
'Midnights'
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RESULTS
6.30pm: Handicap (rated 95-108) US$125,000 2000m (Dirt).
Winner: Don’t Give Up, Gerald Mosse (jockey), Saeed bin Suroor (trainer).
7.05pm: Handicap (95 ) $160,000 2810m (Turf).
Winner: Los Barbados, Adrie de Vries, Fawzi Nass.
7.40pm: Handicap (80-89) $60,000 1600m (D).
Winner: Claim The Roses, Mickael Barzalona, Salem bin Ghadayer.
8.15pm: UAE 2000 Guineas Trial (Div-1) Conditions $100,000 1,400m (D)
Winner: Gold Town, William Buick, Charlie Appleby.
8.50pm: Cape Verdi Group 2 $200,000 1600m (T).
Winner: Promising Run, Patrick Cosgrave, Saeed bin Suroor.
9.25pm: UAE 2000 Guineas Conditions $100,000 1,400m (D).
Winner: El Chapo, Luke Morris, Fawzi Nass.
More from Neighbourhood Watch:
The biog
Favourite Quote: “Real victories are those that protect human life, not those that result from its destruction emerge from its ashes,” by The late king Hussain of Jordan.
Favourite Hobby: Writing and cooking
Favourite Book: The Prophet by Gibran Khalil Gibran
Retail gloom
Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.
It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.
The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.
ABU DHABI CARD
5pm: UAE Martyrs Cup (TB) Conditions; Dh90,000; 2,200m
5.30pm: Wathba Stallions Cup (PA) Handicap; Dh70,000; 1,400m
6pm: UAE Matyrs Trophy (PA) Maiden; Dh80,000; 1,600m
6.30pm: Sheikha Fatima bint Mubarak (IFAHR) Apprentice Championship (PA) Prestige; Dh100,000; 1,600m
7pm: Sheikha Fatima bint Mubarak (IFAHR) Ladies World Championship (PA) Prestige; Dh125,000; 1,600m
8pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Group 1; Dh5,000,000; 1,600m
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster with a decades-long career in TV. He has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others. Karam is also the founder of Takreem.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
The specs: Fenyr SuperSport
Price, base: Dh5.1 million
Engine: 3.8-litre twin-turbo flat-six
Transmission: Seven-speed automatic
Power: 800hp @ 7,100pm
Torque: 980Nm @ 4,000rpm
Fuel economy, combined: 13.5L / 100km
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
COMPANY PROFILE
Company name: SimpliFi
Started: August 2021
Founder: Ali Sattar
Based: UAE
Industry: Finance, technology
Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals
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COMPANY%20PROFILE
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