Every once in a while, a vote reveals a corroded political system and points towards something new. Most observers portrayed last week’s EU election result as a far-right surge. But a closer look suggests it may have been an anti-establishment shift, with the European Parliament now home to 55 members from outside established parties, nearly double the 2019 total.
Leading the charge is the 24-year-old YouTuber who shocked Cyprus, coming out of nowhere to become its first independent to win an MEP seat. As in much of Europe, Cyprus’s most urgent issue has been immigration, which has surged due to the war in Gaza.
More than 2,000 migrants arrived by sea in the first three months of this year, a 25-fold rise from last year, prompting President Nikos Christodoulides to declare a “serious crisis” and urge the EU and Lebanon to help. Home to 1.2 million people, Cyprus now hosts more asylum-seekers per capita than any other European state.
With migrant camps beyond capacity, a few dozen new arrivals even set up tents in the UN-run buffer zone between the EU-member south and the Turkey-controlled north, known as the Turkish Republic of Northern Cyprus (TRNC) and recognised only by Ankara.
Pre-vote polls showed the anti-immigrant Elam party coming in third and grabbing its first EU parliamentary seat, and possibly two of Cyprus’s six. Meanwhile, times have been tough for Cypriots, as the migrant wave, EU sanctions on Russia and the cost-of-living crisis have hurt the economy and raised concerns about the crucial summer tourist season.
Trump may have started the West’s protest vote trend. But the fracturing has apparently accelerated, pushing us into an apolitical age
Enter Fidias Panayiotou, whose claims to fame until this year were dodging train fares in Japan and a quest to hug 100 celebrities, culminating in a viral embrace with Elon Musk.
Raised in a conservative Greek Orthodox family in Meniko, 20km west of the capital Nicosia, he made videos with friends as a teen before serving his National Guard term in the UK. He built his social media celebrity on outlandish challenges: buried in a coffin with a snake; five days without sleep; a stint with Tanzanian hunter-gatherers.
Not the most impressive achievements, but they showed courage and conviction, qualities often in short supply among today’s leaders. Fidias amassed 2.6 million YouTube subscribers – more than double his country’s population – and seeing no politicians connecting with his demographic as the vote approached, decided to join the fray.
In boxer shorts, a sports coat and three ties, he announced his candidacy on a Cypriot morning show, embarking on one of the most unorthodox campaigns you’ll ever see. He said he’d never voted before and knew little of European politics but could no longer stand the “same nerds” in power in Brussels.
He makes more than €1 million (almost $1.1 million) a year, but eschewed billboards and TV and newspaper ads to focus on social media. He vowed to improve education, boost cryptocurrency and AI adoption, limit migration and advocate a bi-zonal, bi-communal solution for the island. But in true populist style, he avoided specifics, instead stressing vague change.
“If we don’t try we’ll remain stagnant, as we have been for so many years,” he said in April. When a leading green party invited him to join their ballot, he asked his followers what to do and accepted their vote to remain independent. This turned out to be a wise move, as the party ended up getting just 1 per cent, with Europe’s greens losing a third of their seats.
Submitting candidacy papers in April, Fidias said his goal was not to win, but to get young people more involved in politics. The day before, wearing a “Register Now” T-shirt, he livestreamed his 12-hour, 80km run from Kyrenia, on the north coast, to Larnaca, in the south-east, triggering a surge in voter registrations. [More than 100,000 Turkish Cypriots are able to vote in Cyprus’s EU elections, and most major parties usually include a Turkish Cypriot in their list of candidates.]
Yet with his wild style and political ignorance, he was widely seen as a joke candidate. Then in late May, he started to appear in polling data: at 2 per cent, then 4 and even 5 per cent. Analysts called his emergence “the Fidias Phenomenon” and argued that it showed an increasingly apolitical electorate.
In the end, the centre-right Disy party came in first and Fidias third with nearly 20 per cent, just two points behind second-place, progressive Akel. Disy retained its two seats, while Akel, Elam and Diko each got one. But “the Phenomenon” is all Cyprus can talk about.
“The self-satisfied, self-regarding, self-aggrandising class were given a kicking they will never forget by the TikTok kid,” declared the Cyprus Mail. “What is even more astonishing is that he achieved this without spending any money.”
Fidias was far from a one-off.
In Thracian Greece, a 76-year-old retired cattle breeder won an EU seat despite not campaigning, while in Italy an anti-fascism activist charged with attempted murder also won. In Hungary, Prime Minister Viktor Orban’s dominant Fidesz party received its lowest voter support in 18 years. In Spain, The Party’s Over, which vowed to “destroy the system and rebuild”, won three seats, while a new German party led by half-Iranian rising star Sahra Wagenknecht won six.
Former US president Donald Trump may have started the West’s protest vote trend by winning on his 2016 vow to “drain the swamp”. But the fracturing has apparently accelerated, pushing us into an apolitical age.
Millennials surely rank among the more unfortunate generations: the 2008-2009 financial crisis; Brexit, Mr Trump and the migrant wave; the Covid-19 pandemic; and now rampant inflation, two major wars, and 100 million displaced. These disasters have further eroded already-low trust in leaders, institutions and political parties, spurring greater cynicism.
This extends to traditional media, undermined by fake news and disinformation, which points to the success of Fidias’s social media campaign. In fact, few places embody the anti-establishment shift better than Cyprus, where this summer marks 50 years since the island’s division following a Turkish invasion.
A vote for Fidias was surely an expression of frustration with political leaders who have delivered so much disappointment for so long. Yet it was also an expression of hope in the possibility of real change. Fidias won more than a third of the votes from voters under 35, which suggests some staying power if he’s able to deliver results.
He’ll become the youngest sitting MEP when he’s sworn in next month, and says he hopes to form a new party with like-minded colleagues. Days before the vote, a Greek Cypriot columnist described the island’s established politicians as having “superficial approaches which they often identify as revolutionary”.
To defeat them, Fidias flipped the script. He ran what he identified as a simple and superficial campaign, which may end up kicking off a quiet revolution.
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
How The Debt Panel's advice helped readers in 2019
December 11: 'My husband died, so what happens to the Dh240,000 he owes in the UAE?'
JL, a housewife from India, wrote to us about her husband, who died earlier this month. He left behind an outstanding loan of Dh240,000 and she was hoping to pay it off with an insurance policy he had taken out. She also wanted to recover some of her husband’s end-of-service liabilities to help support her and her son.
“I have no words to thank you for helping me out,” she wrote to The Debt Panel after receiving the panellists' comments. “The advice has given me an idea of the present status of the loan and how to take it up further. I will draft a letter and send it to the email ID on the bank’s website along with the death certificate. I hope and pray to find a way out of this.”
November 26: ‘I owe Dh100,000 because my employer has not paid me for a year’
SL, a financial services employee from India, left the UAE in June after quitting his job because his employer had not paid him since November 2018. He owes Dh103,800 on four debts and was told by the panellists he may be able to use the insolvency law to solve his issue.
SL thanked the panellists for their efforts. "Indeed, I have some clarity on the consequence of the case and the next steps to take regarding my situation," he says. "Hopefully, I will be able to provide a positive testimony soon."
October 15: 'I lost my job and left the UAE owing Dh71,000. Can I return?'
MS, an energy sector employee from South Africa, left the UAE in August after losing his Dh12,000 job. He was struggling to meet the repayments while securing a new position in the UAE and feared he would be detained if he returned. He has now secured a new job and will return to the Emirates this month.
“The insolvency law is indeed a relief to hear,” he says. "I will not apply for insolvency at this stage. I have been able to pay something towards my loan and credit card. As it stands, I only have a one-month deficit, which I will be able to recover by the end of December."
The specs: 2018 Ducati SuperSport S
Price, base / as tested: Dh74,900 / Dh85,900
Engine: 937cc
Transmission: Six-speed gearbox
Power: 110hp @ 9,000rpm
Torque: 93Nm @ 6,500rpm
Fuel economy, combined: 5.9L / 100km
Company%20Profile
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England squad
Moeen Ali, James Anderson, Jofra Archer, Jonny Bairstow, Dominic Bess, James Bracey, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Ben Foakes, Lewis Gregory, Keaton Jennings, Dan Lawrence, Jack Leach, Saqib Mahmood, Craig Overton, Jamie Overton, Matthew Parkinson, Ollie Pope, Ollie Robinson, Joe Root, Dom Sibley, Ben Stokes, Olly Stone, Amar Virdi, Chris Woakes, Mark Wood
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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.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The specs
Engine: 4.0-litre V8
Power: 503hp at 6,000rpm
Torque: 685Nm at 2,000rpm
Transmission: 8-speed auto
Price: from Dh850,000
On sale: now
The five pillars of Islam
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
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