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Dubai developer Damac confirms Farooq Arjomand as Chairman in place of Hussain Sajwani

Property|: Dubai: Damac Properties has confirmed Farooq Arjomand, as the new Chairman with immediate effect, following the stepping down of Hussain Sajwani, the company's founder, from the role. Arjomand had been Vice-Chairman at Damac. It was last week that Sajwani confirmed he was quitting the chairman’s role, given the likely conflict of interest involved in his investment company buying up the 27 per cent stake held by outsiders in Damac. Sajwani’s Maple Invest has formally made its pitch for the takeover to the Damac Board of Directors. Sajwani did not want to be heading the Board that was to take a decision on the Maple offer. (He owns 100 per cent of Maple Invest, which is registered in British Virgin Islands.) There was some talk in the market that he may still choose as the new chairperson from within the family. Who is Farooq Arjomand? A banker by profession and standing, Arjomand was one of the founding members of the board at the Dubai mortgage services provider Amlak Finance. He currently heads the Arjomand Group, which has diversified business interests. He started his career at HSBC in 1984 and went on to spend a further 17 years. What next for Damac and Sajwani? Damac has confirmed the appointment of an independent committee of its Board of Directors to review and assess the Maple offer, which prices each outstanding share at Dh1.3. Maple has already made it clear that this price is final. The Board of Directors also approved Al Tamimi & Company as legal advisor, while KPMG Lower Gulf Ltd. as the valuer to Damac. Arqaam Capital ltd. will be the financial advisor to Damac for the purpose of evaluating the offer from Maple. Maple will shortly be issuing further details regarding the opening and closing of the offer period. It will set its target on taking Sajwani’s stake to 90 per cent at the earliest, which will allow it to initiate the process to unilaterally pick up the remaining 10 per cent.

OneIndia Malayalam

24 ബിജെപി എംഎല്‍എമാര്‍ 'മിസ്സിങ്'... ബംഗാളില്‍ ഉഗ്രന്‍ പണി? ഗവര്‍ണറെ കാണാനെത്തിയത് 50 പേര്‍

കൊല്‍ക്കത്ത: ബിജെപി പ്രതീക്ഷിച്ചതൊന്നും പശ്ചിമ ബംഗാള്‍ നിയമസഭാ തിരഞ്ഞെടുപ്പില്‍ നടന്നില്ല. അധികാരം പിടിക്കുമെന്ന അമിത് ഷായുടെ പ്രഖ്യാപനം പാഴായി. ബംഗാള്‍ ജനത കൂടുതല്‍ സീറ്റ് നല്‍കി മമത ബാനര്‍ജിയുടെ തൃണമൂല്‍ കോണ്‍ഗ്രസിനെ ജയിപ്പിച്ചു. തിരഞ്ഞെടുപ്പിന് ശേഷം ബിജെപി കൂടുതല്‍ പ്രതിസന്ധിയിലാകുന്നുവെന്നാണ് പുതിയ വിവരങ്ങള്‍. ദേശീയ വൈസ് പ്രസഡിന്റ് മുകുള്‍ റോയ് ഉള്‍പ്പെടെയുള്ള നേതാക്കള്‍ തൃണമൂലിലേക്ക് തിരിച്ചുപോയി. ഇതിനിടെയാണ് എംഎല്‍എമാരുടെ അസാന്നിധ്യം ചര്‍ച്ചയാകുന്നത്. വിശദ വിവരങ്ങള്‍ ഇങ്ങനെ...

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Kareena Kapoor: Bollywood and India’s problem with bigotry

Two days ago the number one Twitter trend in India was #BoycottKareenaKapoorKhan. This was based on an unsourced report stating that the actor had demanded ₹12 crores ($1.6 million) to play the part of Sita in a film. Neither the makers nor the actor was on record, yet enthusiastic bigots with a little help from a notorious social media cell were attacking the actor. The same handles which trended the hashtag also wanted Kangana Ranaut, an enthusiastic supporter of the ruling Bharatiya Janata Party (BJP), to play the role. Should the casting decisions of Bollywood movies with million dollar budgets be decided on social media? Kareena and Saif Ali Khan, her husband, are no strangers to being used a political props for right wing attacks in India. After naming their first child, Taimur (widely associated with the Mongol warlord), they faced flak for days. They tried to offer a half-hearted defence but soon retreated into silence as pictures of Taimur became something of a cult. On February 21, 2021 the couple welcomed their second child. Nearly five months have passed but, the name of baby number two has not been made public by the couple, perhaps scarred and scared after the reaction to Taimur’s name. A huge public backlash Imagine that a name is what we are addressed by the world, yet a very high profile interfaith couple does not want to share their child’s name for the fear of facing a backlash and public abuse. Perhaps, the name Taimur was not the best choice but, shouldn’t the name a child be left to the parents? And, should they live in fear of revealing the most public of things — a name by which their offspring will be addressed by the world? For the past seven years I have investigated and reported the increased bullying of Bollywood by the BJP and its offshoots. As I revealed in my investigative book “I am a troll” inside the secret digital army of the BJP, superstar Aamir Khan faced a boycott campaign from his lucrative brand endorsement campaign after he repeated his wife Kirron Rao comments on “rising intolerance in India”. The trolls proved Rao right as Khan was dropped as the brand ambassador of an online major after a concerted campaign that targeted him. From Bollywood to OTT content, nothing is safe from attack by the trolls. A police case was filed against an OTT series Tandav for what was termed an objectionable portrayal of Shiva, Hindu deity, after which the makers apologised and deleted the scenes deemed offensive. Another case was filed against another series Bombay Begums by the child protection authorities for the way children were portrayed. In 2018, Karni Sena, a vigilante group, offered a bounty for anyone cutting off the nose of actor Deepika Padukone because they objected to a love scene between a Hindu princess and a Muslim king. Padukone also faced the ire of the ruling party when visiting the campus of the Jawaharlal Nehru University (JNU) in August 2021 to stand with the protesting students. Sushant's death and a stormy year Subsequently after the death of actor Sushant Singh Rajput the whole of Bollywood was under a so-called “drugs investigation”. The Narcotics Control Bureau summoned actors like Deepika Padukone, Sara Ali Khan among others. Rajput’s partner Rhea Chakraborty was arrested and jailed and reading out her WhatsApp messages became national sport for our “news channel”. The gross invasion of privacy and the salacious coverage demonised the young actor. So what does this all mean? Bollywood is India’s soft power and has an outsize influence on culture and consumption. The BJP has long wanted to harness this popularity the near craze for superstars to a political purpose. Now Bollywood for all practical purposes is divided in to a BJP-camp and the non-aligned. Those in the BJP camp include actors like Akshay Kumar who did the famous Modi interview before the 2019 general elections, asking the Prime Minister how he liked to eat mangoes? Kumar along with Anupam Kher, Amitabh Bachchan and Kangana Ranaut all support the BJP and were used by the BJP to attack the UPA government on the prices of fuel in 2014. As fuel prices skyrocket now, the actors are silent or have swiftly deleted their old tweets. Going after the A-lister Khans As Bollywood was demonised post Rajput’s death, Jaya Bachchan actor and Samajwadi Party MP in the Rajya Sabha, who is married to Bachchan, spoke about the campaign to defame Bollywood. Bachchan faced a huge backlash post her defence and has not spoken up again. Bollywood is one industry in India where Muslims are accepted and thrive to the extent that all the tree reigning superstars are Muslims — Sharukh Khan, Aamir Khan and Salman Khan. All three are ageing in their mid fifties and not solid box office draws anymore. Khan who has a sparkling wit and intelligence has retreated in to utter silence. The superstars have the ability to influence millions and this is perhaps the reason that they have stopped speaking. Even an anodyne comment is met with the attack of the trolls on the three top stars, alleging imaginary “love Jihad” (marrying a Hindu to convert them). Two of the Khans are married to Hindus and Salman Khan has dated Hindu actors. The atmosphere is now so vitiated that revealing your child’s name could become a trending controversy. Somewhere we have lost our way, as the bullies rule. Swati Chaturvedi @bainjal Swati Chaturvedi is an award-winning journalist and author of 'I Am a Troll: Inside the Secret World of the BJP's Digital Army'.

OneIndia Malayalam

മമതയുടെ കണ്ണുതുറക്കാന്‍ ധര്‍ണ, ഒടുവില്‍ അനുമതി, അമ്പതോളം പേര്‍ ബിജെപിയില്‍ നിന്ന് തൃണമൂലില്‍

കൊല്‍ക്കത്ത: ബംഗാളില്‍ തിരഞ്ഞെടുപ്പ് തോല്‍വിക്ക് ശേഷം ബിജെപിയില്‍ നിന്നുള്ള കൊഴിഞ്ഞുപോക്ക് തുടരുന്നു. ബിര്‍ഭൂമില്‍ നിന്ന് അമ്പതോളം ബിജെപി പ്രവര്‍ത്തകരാണ് ഇപ്പോള്‍ ടിഎംസിയില്‍ ചേര്‍ന്നിരിക്കുന്നത്. ഇവര്‍ നേരത്തെ തൃണമൂല്‍ വിട്ട് ബിജെപിയില്‍ ചേര്‍ന്നവരായിരുന്നു. ഇവരാണ് മടങ്ങിപ്പോയത്. അതേസമയം തിരിച്ചെത്തുന്നതിനായി ഇവര്‍ ധര്‍ണ ഇരിക്കുകയും ചെയ്തു. മമതാ ബാനര്‍ജി ഇവരുടെ വരവിന് അനുമതി നല്‍കിയിരുന്നില്ല. തുടര്‍ന്നാണ് ധര്‍ണ ഇരിക്കാന്‍ പ്രവര്‍ത്തകര്‍