Sunday, January 31, 2010


How can you make breaking records look so easy? Ask Roger Federer. He did it here Sunday night, winning his 16th Grand Slam title in straight sets over Andy Murray and perhaps taking the words “arguably” out of the title of the greatest tennis player ever.

Federer Wins Australian Open Title -

Congratulations Federer on yet another historic performance!

Saturday, January 23, 2010

KIA and Citigroup

The winners fall into two camps. Some waited until prices had fallen further before buying. Qatar’s investment fund and prominent individuals in Qatar and Abu Dhabi participated in Barclays’ capital raisings in June and October last year and have made money. Others negotiated well. Kuwait and GIC invested in Citigroup in January 2008 but the fine print protected them from share-price falls. The Abu Dhabi Investment Authority, by contrast, invested $7.5 billion in Citi in November 2007 in less secure convertible instruments. It is likely to end up nursing a large loss.

Banks and sovereign-wealth funds: Falling knives | The Economist

The Kuwait Investment Authority (KIA) along with Singapore's GIC made handsome profits from their investment in Citigroup, while others suffered a loss such as Abu Dhabi Investment Authority (ADIA). Commendable investment strategy by KIA with an eye on the details that proved crucial given the circumstances. Good to see the oldest and most experienced of the sovereign wealth funds rise up to the occasion.    

Sunday, January 17, 2010

Tennis for Good Cause

Roger Federer was delighted after a series of exhibition games ahead of the Australian Open raised funds for the victims of the Haiti earthquake.

BBC Sport - Tennis - Roger Federer & stars play tennis match in aid of Haiti

It was nice to see the tennis stars put a show for a good cause to raise money for the earthquake victims in Haiti. More than $200 thousand was raised and more important is the sense of awareness this event created ahead of the first major tennis tournament of the year, the Australian Open. Good luck to all players. Good job Federer for organizing the event; you are a true ambassador to the sport!

Friday, January 15, 2010

History of the World Through 100 Objects

MAN is one of a number of animals that make things, but man is the only one that depends for its very survival on the things he has made. That simple observation is the starting point for an ambitious history programme that the BBC will begin broadcasting on January 18th in which it aims to tell a history of the world through 100 objects in the British Museum (BM). A joint venture four years in the making between the BM and the BBC, the series features 100 15-minute radio broadcasts, a separate 13 episodes in which children visit the museum at night and try to unlock its mysteries, a BBC World Service package of tailored omnibus editions for broadcasting around the world and an interactive digital programme involving 350 museums in Britain which will be available free over the internet.

A history of the world in 100 objects: Creative impulses | The Economist

I can't wait to tune in! More on the program on this link.

Monday, January 04, 2010

Burj Khalifa

The world's tallest building has been opened with a dramatic fireworks ceremony in the Gulf emirate of Dubai.

The Burj Khalifa was revealed to be 828m (2,716ft) high, far taller than the previous record holder, Taipei 101.

Known as the Burj Dubai during construction, the tower has been renamed after the leader of Dubai's oil-rich neighbour, Abu Dhabi.

Last month, Abu Dhabi gave Dubai a handout of $10bn (£6.13bn) to help it pay off its debts.

BBC News - World's tallest building opens in Dubai

I have a feeling the handout will extend much further now perhaps to reach the top of the tower!