Author: dailyguardian.ae

The contrasting methodologies give rise to variations in profits By Mahar Afzal/Compliance Corner Accounting profits are determined in accordance with either the International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP), whereas taxable profits are computed based on the provisions outlined in the corporate tax law. The contrasting methodologies used to calculate profits under IFRS/GAAP and tax laws give rise to variations in profits, leading to distinctions such as permanent and temporary differences. Permanent differences, as suggested by their name, are discrepancies of a lasting nature that affect a single period without influencing future periods. These disparities arise…

Cristiano Ronaldo may have become the most followed celebrity on social media, but even the greatest goal-scorer of all time showed the white flag to fans who would never ditch their team for a superstar. Yellow, the colours of Ronaldo’s Al Nassr who took on UAE’s Al Ain in the first leg of the Asian Champions League quarterfinal, still dominated the roads that led to the majestic Hazza bin Zayed Stadium on Monday. But somehow it was the purple colours of Al Ain FC, the 14-time UAE champions, that caught the eye. While many Emirati fans even drove from Abu…

AIM Congress 2024 Concludes Successful Promotional Tour in Latin America The roadshow was successful in enhancing the flourishing economic partnerships between the UAE and various countries in the region Abu Dhabi, UAE 4 March, 2024: The AIM Congress 2024 roadshow across Latin America concluded on a high note, bolstering ties between the United Arab Emirates (UAE) and various countries in the region. The series of engagements, spanning Sao Paulo, Brazil; Lima, Peru; and Bogota, Colombia, showcased the vibrant economic opportunities and fostered invaluable connections between stakeholders from both regions. The roadshow kicked off in Sao Paulo, Brazil, with meeting with…

CRPGs are notorious for being very lengthy investments, and Baldur’s Gate 3 is no exception. Even in its early access days, players were spending hundreds of hours on just the first act of the game, though just doing the main story would be significantly less. Some people may spend hours just in the character creator choosing their race and speccing out their class, while others may dive in and only do the main quests. In a game this large, your playtime will vary quite a bit, but no matter how much, or little, of a completionist you are, we can give…

The government announced official working hours for public sector employees in Abu Dhabi during the month of Ramadan. Government employees will work between 9am to 2.30pm from Monday to Thursday. On Fridays, work hours will be between 9am to 12pm. Additionally, remote working of up to 70 per cent of the total number of government employees whose jobs do not require presence at the workplace will also be activated on Fridays. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Earlier today, the UAE announced the official working hours for public sector employees during Ramadan. Federal…

Pakistan’s Shahbaz Sharif took the oath on Monday to officially become prime minister for a second time, nearly four weeks after an uncertain national election caused delays in the formation of a coalition government. Sharif, 72, officially took up office at a swearing-in ceremony at the presidential office in the nation’s capital, Islamabad, a day after parliament elected him prime minister despite protests from lawmakers aligned with jailed former premier Imran Khan. Sharif wore a black traditional overcoat, called a sherwani, in the ceremony, broadcast live on state TV and attended by civil, military, bureaucracy and other dignities. The younger…

The Abu Dhabi Business Centre, part of the Abu Dhabi Department of Economic Development (ADDED), reported a growth of 83.4 per cent in the number of resolved consumer cases during 2023. The number of consumer complaints in the capital reached 24,833 in 2023, a 6.9 per cent rise from 23,232 cases in 2022 while the estimated total value of goods and services of the reported complaints was Dh26.64 million. Despite the increase in the number of complaints, the Consumer Protection Department settled most of the complaints and referred 1,041 complaints to judicial authorities. “We believe that preserving consumer rights and…

Barely two weeks before the start of the IPL, former Indian captain Mahendra Singh Dhoni sent speculation into overdrive by claiming that a “new role” awaits him in the “new season” in a viral social media post on Monday. Dhoni, who led the Chennai Super Kings to their fifth IPL title last season, however, neither mentioned the league nor elaborated on the new role, leaving everyone guessing. “Can’t wait for the new season and the new ‘role’. Stay tuned!,” Dhoni wrote in a rare social media post on Facebook. Stay up to date with the latest news. Follow KT on…

Emirates Park Zoo and Resort joins Abu Dhabi Municipality for beach clean-up, promotes marine conservation Abu Dhabi – March 04, 2024: Emirates Park Zoo and Resort, a leading destination for wildlife enthusiasts, demonstrated its commitment to environmental stewardship by spearheading a beach clean-up drive at Bahia Beach. The initiative, aimed at safeguarding marine ecosystems, involved the removal of litter and debris from the coastal areas, aligning with the organisation’s dedication to preserving the environment. Organized in collaboration with the Abu Dhabi Municipality, Emirates Park Zoo and Resort aims to foster a cleaner and healthier environment for both wildlife and visitors…

Things don’t get any easier for Sheffield United, as the Premier League’s last-place team runs into a sizzling-hot Arsenal side today. Not only have the Gunners won six league matches in a row to start 2024, but they’ve done so with a staggering goal differential of 25-3. Mikel Arteta’s side won this matchup 5-0 in October, and it feels like this one is headed for a similar result. The match starts in one hour, at 3:00 p.m. ET, and in the U.S. it will be televised on USA Network. But if you don’t have cable, there are a bevy of…