Author: Gulf Times

Dubai: Pakistan Navy Flotilla comprising Pakistan Navy Ship MADADGAR and Pakistan Maritime Security Ship ZHOB arrived at Port Mina Rashid Dubai on 08 Jan 24. The ships are on good will cruise to brotherly Gulf country UAE from 08 Jan 24 to 11 Jan 24. The ships were received by Consul General of Pakistan Mr Hussain Mohammad and High officials of UAE Navy. PNS MADADGAR is a multipurpose Small Tanker cum Utility Ship while PMSS ZHOB has been designed for law enforcement and policing at sea. PNS MADADGAR and PMSS ZHOB have been indigenously built in Pakistan. Pakistan and…

As UAE companies prepare for corporate tax, the primary focus remains on revenue streams and on free zone tax benefits. Any business-related expenses – generally assumed to be tax deductible – often escape a comprehensive analysis. But these expenses form an equally important aspect of determining taxable income. Any error in tax positions could result in future penalties. Another issue relates to non-deductible expenses. Any fines and penalties – otherwise claimed as an expense in the account books – should be added back to the profits to determine the taxable income. Exception applies to amounts awarded as compensation for…

Dubai: Al Habtoor Group has issued a formal notice initiating an investment dispute against Lebanon, as the UAE conglomerate’s sets out to legally protect nearly $1 billion (Dh3.67 billion) of its investments in the country. The notice is in connection with Lebanon’s breach of the Bilateral Investment Treaty between the UAE and Lebanon, the company said in a statement, referring to an agreement put in place to protect UAE investments in Lebanon territory since 1999. “In particular, Lebanon and its central bank have imposed restrictions preventing Al Habtoor Group from freely transferring its funds amounting to over $44 million (Dh161.6 million)…

Baku: UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan and Ilham Aliyev, President of the Republic of Azerbaijan, on Tuesday discussed cooperation between the two countries and opportunities to enhance ties in key fields that serve the mutual interests of both nations and their aspirations for progress, development, and sustainable prosperity. At the start of their meeting held a the Presidential Palace in Baku, President Ilham Aliyev extended a warm welcome to Sheikh Mohamed Bin Zayed Al Nahyan and his delegation, highlighting the visit’s importance in strengthening bilateral ties. The two leaders also exchanged New Year greetings and…

  VILNIUS, Lithuania: Ukrainian President Volodymyr Zelensky has commenced an unannounced visit to the Baltic states, starting with Lithuania, followed by Tallinn and Riga. The Baltic nations, former Soviet republics now part of the EU and NATO, stand as staunch allies to Ukraine during its ongoing conflict with Russia. Zelensky, in a statement on social media, emphasized the critical discussions on security, EU and NATO integration, electronic warfare, drones, and enhanced coordination of European support during his Baltic tour. The visit is particularly significant as Ukraine faces intensified Russian shelling and seeks sustained aid from its allies. Lithuania, a pivotal…

Abu Dhabi, One of the players to watch out for in the upcoming International League T20 is young bowling all-rounder Aayan Khan, who will turn out for the Gulf Giants for a second season running. Aayan, who made history in the T20 World Cup 2022 by becoming the youngest player to play at the tournament at the age of just 16, was also a part of the Gulf Giants team that won the trophy the first time around. The youngster is ready to help the Gulf Giants side retain the ILT20 Trophy. “It feels great to be playing for the…

Dubai, The DP World International League T20 have unveiled a star-studded panel of commentators for the league’s Season 2. The world’s second most-watched league will be brought to life by a panel rounded-off with some of the leading cricketing experts in the world. The voices behind some of the most iconic moments in the sport in recent years Virender Sehwag, Harbhajan Singh, Rohan Gavaskar, Saba Karim, Nikhil Chopra, Vivek Razdan, Wasim Akram, Waqar Younis and Shoaib Akhtar will be joined by Alan Wilkins, Simon Doull, Daren Ganga, Danny Morrison and Niall O’Brien. Wasim Akram: “I am truly thrilled to…

LOS ANGELES: In the spotlight of the 81st Golden Globe Awards, “Barbie” emerges as the front-runner with nine nominations, closely followed by “Oppenheimer” with eight. These nominations highlight the cinematic achievements of the summer’s “Barbenheimer” phenomenon. Other notable contenders include Martin Scorsese’s “Killers of the Flower Moon,” “Poor Things,” and “Past Lives,” each securing five or more nominations. In the Best Film category, the dramatic lineup includes “Anatomy of a Fall,” “Killers of the Flower Moon,” “Maestro,” “Oppenheimer,” “Past Lives,” and “The Zone of Interest.” On the lighter side, the Best Musical or Comedy category features films like “Air,”…

RIYADH: In a bid to promote the Arabic language and enhance its teaching, the King Salman Global Academy for Arabic Language is set to kick off the Arabic Language Month in Indonesia. The four-week event, spanning from January 2 to February 2, will feature a diverse program of activities in Jakarta and Malang, developed in collaboration with educational organizations. The initiative aims to elevate the status of the Arabic language by engaging with universities in Indonesia that have Arabic language departments and programs. Abdullah Al-Washmi, the secretary-general of the academy, emphasizes the commitment to promoting Arabic language education globally.…

Dubai, The DP World International League T2o has introduced the Super-Sub and Wildcard for Season 2. The UAE’s biggest T20 tournament commences on Friday, 19 January with a clash between defending champions Gulf Giants and Sharjah Warriors at the iconic Sharjah Cricket Stadium. The two new features are set to add even more excitement for the fans with the six tournament franchises required to put on their thinking cap while putting together their strategies for both the composition of their final tournament squads through the Wildcard as well as their playing elevens and Super-Sub nominations during the 34-match tournament. Each…