Indian origin-billionaire, founder of Dubai’s Landmark Group Micky Jagtiani no more

News Network
May 26, 2023

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Dubai-based billionaire businessman Micky Jagtiani, who founded retail giant Landmark Group, has passed away. The chairman and owner of the group was 70 years old.

With a net worth of $5.2 billion, he was ranked 511 on the Forbes' 37th annual world billionaires list earlier this year. 

Jagtiani was originally from India and started the business in 1973 with one store in Bahrain. He then expanded the business across the west Asia, Africa and India. According to Forbes, Jagtiani drove a taxi in London before moving to Bahrain and starting a baby products shop.

Currently, his wife Renuka runs the Landmark Group as chairman and chief executive officer (CEO).

His three children are directors in the group, overseeing different aspects of the business.

The Landmark Group also entered India in 1999 and has a range of retail brands like Lifestyle and Max for clothes and Home Center for furniture and home furnishings.

The Dubai-headquartered group also operates brands Babyshop, Centrepoint, Home Centre, Lifestyle, Splash, Shoemart and Emax.

"Today Dubai lost a man who was a key player in the retail and real estate industry. Micky Jagtiani the founder of land mark group has passed away," tweeted Emirati businessman Majid Saif Al Ghurair.

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News Network
September 17,2023

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The Gaza-based Hamas resistance movement has censured the Israeli regime’s police officers for their repeated “fascist” calls for settlers to carry guns while commemorating the Rosh HaShanah holidays for the Jewish New Year.

In a statement on Saturday, Hamas spokesman Hazem Qassem said the renewed calls on settlers to bear firearms are a public incitement to murder that encourages the Jewish extremists to commit further crimes against Palestinian people.

“This fascist call and other similar calls by Zionist officials require clear condemnation from the international community and measures to hold them accountable before international courts,” he said.

Earlier, the Palestinian Ministry of Foreign Affairs and Expatriates warned about increasing calls for Israeli settlers to carry guns, terming it “a racist incitement against Palestinians.”

The ministry said in a Friday statement that it “views the calls by the commander of Moriya police station in al-Quds for Israeli settlers to carry guns as an extreme danger.”

The statement described such calls as “An official incitement to carry out extrajudicial killings of Palestinians and an authorization for fanatics to take the law into their own hands motivated by their dark agenda.”

The Palestinian foreign ministry held the Israeli regime, particularly far-right minister Itamar Ben-Gvir, for the fallout of these moves.

Official data has shown that more than 160,000 Israelis carry guns, in addition to the police, security personnel and the army.

More than 700,000 Israelis live in over 280 settlements built since the 1967 Israeli occupation of the West Bank and East al-Quds.

The international community views the settlements – hundreds of which have been built across the West Bank since Tel Aviv’s occupation of the territory in 1967 – as illegal under international law and the Geneva Conventions due to their construction on the occupied territories.

The UN Security Council has condemned Israel’s settlement activities in the occupied territories in several resolutions.

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News Network
September 15,2023

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Bengaluru, Sept 15: The Karnataka High Court has directed the police not to take precipitative action against Aaj Tak news channel's Consulting Editor Sudhir Chaudhary in an FIR filed against him, but said that there was a prima facie case against him, and it should be investigated. The court also said that it would dispose of the petition filed by Chaudhary challenging the FIR and that there was no need for custodial interrogation till then.

The interim order sought by Chaudhary for stay was not granted as the HC ordered the petition to be posted for hearing on September 20. Chaudhary had challenged the FIR lodged at the Seshadripuram police station in Bengaluru after a complaint by Shivakumar S, the Assistant Administrative Officer of the Karnataka Minorities Development Corporation Limited. The single judge bench of Justice Hemant Chandangoudar who heard the petition observed during the hearing that there was a prima facie case for investigation.

“The specific allegation was that the government is providing a scheme only to minorities and depriving Hindus. There is a prima facie case for investigation,” the HC said. Senior counsel Uday Holla argued the case for Chaudhary. The HC said that the scheme established for minorities by the Minority Development Corporation can be criticised by any person including the media but the case against Chaudhary -- “whether the allegations that news item telecasted by petitioner satisfies essentials of Section 153A IPC (promoting enmity between different groups on grounds of religion, race, place of birth, residence, language, etc., and doing acts prejudicial to maintenance of harmony) -- needs to be examined.” However, in relief for Chaudhary, the HC has said there won't be any custodial interrogation or arrests. “Till Tuesday (Sep 19) don't take any precipitative action. I am going to hear the matter. This matter is to be disposed of. I cannot keep it pending. I need time to hear the matter till Tuesday,” the court said, adjourning the hearing.

Holla argued that the scheme was only for minorities. The HC however pointed out that it was not what was telecast on the news channel. “The average man may develop hatred towards minorities saying they have been given and not me,” observed the HC, which also pointed out the claim in the news report that said “84 per cent (of beneficiaries) come from a specific minority community.” Chaudhary has been booked under Section 153A (promoting enmity on grounds of religion) and other sections of the Indian Penal Code (IPC). The complaint had alleged that Chaudhary had conspired to disrupt communal harmony by spreading misinformation on his channel about the Karnataka government’s 'Swavalambi Sarathi Scheme'.

The scheme provides 50 per cent subsidy on bank loans obtained by religious minorities for purchase of commercial transport vehicles up to ₹three lakh. It was alleged that Chaudhary in a news programme on Aaj Tak channel spread misinformation about the government practicing minority appeasement. 

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News Network
September 17,2023

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Dubai, Sept 17: The number of Israeli tourists visiting the UAE surpassed the one million mark since the signing of the Abraham Accord three years ago.

According to data released by the UAE Embassy in Israel, the number of flights increased from zero to 106 per week in three years, reflecting growing economic relations.

The UAE and Israel signed the Abraham Accord in September 2020, establishing economic and political relations. Since then, the two countries have signed numerous agreements to give fillip to trade, travel, tourism and other industries, especially new-age technologies such as artificial intelligence.

The UAE also signed the Comprehensive Economic Partnership Agreement (Cepa) with Israel. It was the first free trade agreement of Israel with a Gulf country, giving greater market access for UAE products entering the Israeli market, covering more than 96 per cent of tariff lines and 99 per cent value of trade with Israel.

"The Comprehensive Economic Partnership Agreement between the UAE and Israel will serve as a major engine to strengthen economic and commercial ties between the UAE and Israel. We expect the agreement to produce significant mutual economic benefits,” said Mohamed Al Khaja, the UAE ambassador to Israel, at the signing of the customs agreement recently.

Dh20.55 billion

According to the latest figures released by the UAE Embassy in Israel on X (formerly Twitter), bilateral trade between the UAE and Israel reached $5.6 billion (Dh20.55 billion) in three years since the signing of the Abraham Accord.

The trade of goods – excluding software – between the UAE and Israel reached $ 1.29 billion in the first five months of 2023 as compared to $912.5 million in the same period last year, up more than 41 per cent.

Trade of goods between the two countries during the January-May 2023 period exceeded all trade between them in 2021, said the Embassy of Israel in the UAE.

While the number of Israeli companies operating in the UAE has surpassed 70, signing more than 120 agreements and memorandum of understanding with local entities.

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