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April 10

April 10

Malek signs divorce papers after night-long negotiations; Ladies first: The feminine front line of the Arab art market; I'm Really Worried About What Apple Is Trying To Do With The iPad; Islamic Finance Assets May Rise to $5 Trillion, Moody’s Says; For two Grieving Families, Video Reveals Grim Truth

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April 9, 2010 3:52 by



Malek signs divorce papers after night-long negotiations

More surprise twists in the high profile love affair between Pakistan’s former cricket captain and India’s top tennis player were on hand this week. After much speculation and denial from Malek, it was confirmed that the Pakistani cricketer was indeed married.

Night-long negotiations reportedly achieved a split, after Malek Wednesday sent divorce papers to Aisha Seddiqi. The latter agreed to withdraw a criminal complaint she had lodged against Malek, charging him with cheating, malice, and intimidation, according to Gulf News.

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Ladies first: The feminine front line of the Arab art market

The burgeoning art scene in Dubai is on the move — with royals, expats, and art historians leading the effort to bring the Arab art market into the mainstream, according to a story in The Economist this week.

Ladies Day at Art Dubai last month offered women (only) the opportunity to browse the impressive collection on hand at the biggest contemporary art fair in the Middle East. Venetia Porter, a curator of Islamic art for the British Museum was present, along with royals, collectors, and supporters of the budding art market in the UAE.

Observers are eyeing Dubai’s market carefully, amid signs that opportunity is knocking. In 2006, Christie’s held its first auction in Dubai, nearly doubling its expected sales, The Economist reports.

Attendance at the Dubai art fair was up this year, with local galleries citing healthy sales.

“Not a revolution, by any means, but veiled steps forward for the Arab art market,” the Economist concludes.

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I’m Really Worried About What Apple Is Trying To Do With The iPad

Apple-geeks came out of the woodwork on Sunday, with the highly-anticipated launch of Apple’s tablet computer iPad.

“After having slept with her (Ms. iPad), I woke up with morning-after regrets,” Jeff Jarvis from the Business Insider quipped.

“She’s sweet and pretty but shallow and vapid,” he added.

In his cheeky post, Jarvis calls the iPad “retrograde” – unimpressed with its ability to transition smoothly between applications and the web.

“I’ll sleep with the iPad a few more nights,” Jarvis gags. “I might well re-box and return it; I don’t have $500 to throw away,” he added.

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Islamic Finance Assets May Rise to $5 Trillion, Moody’s Says

Moody’s Investor Services reported this week that assets held by Islamic financial institutions may skyrocket five-fold, valuing more than $5 trillion, as demand increases for Muslim-compliant financial products, according to a report Tuesday in Business Week.

Moody’s reported the Islamic finance industry’s assets under management valued $950 billion last year, estimating the global market for Islamic bonds, or sukuk, at over $100 billion, Business Week reported.

Under a new agreement outlining global standards for Islamic derivatives, Shariah-compliant institutions will now be permitted to trade derivatives such as profit-rates and currency swaps.

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For two Grieving Families, Video Reveals Grim Truth

Footage filmed from the cockpit of an American Apache helicopter in Baghdad in 2007 grabbed international media attention this week. Released Monday by WikiLeaks.org, the disturbing footage was reportedly obtained from a US military whistle-blower. It shows the apparent killing of more than a dozen civilians, including that of two Reuters employees, a photographer and a driver.

“The women of Saeed Chmagh’s family wept, but the men did not as they watched a video of him being shot to death by a gunner on an American Apache attack helicopter,” the New York Times reported.

Reuters news agency reportedly had been unsuccessful in their attempts to obtain the footage through a Freedom of Information Act request, the New York Times said.



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