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Christie's art auction sells nearly half billion dollars NEW YORK: A blockbuster auction of Contemporary art in New York, including a record $58.4 million for a Jackson Pollock drip painting, fetched nearly half a billion dollars on Wednesday -- the biggest haul ever at an art auction.Christie's said its sale raised a "staggering" total of $495,021,500, with 94 percent of lots finding buyers. Nine of the works sold went for more than $10 million and 23 for more than $5 million.It wasn't just the most successful auction of Contemporary art at Christie's, but the biggest haul from an art auction anywhere at all, the auction house said.It was "the highest total in auction history," Brett Gorvy, head of post-war and Contemporary art, said. "The remarkable bidding and record prices set reflect a new era in the art market, wherein seasoned collectors and new bidders compete at the highest level within a global market."Leading the frenzied charge were the ...


Google debuts music service for mobile gadgets SAN FRANCISCO: Google on Wednesday rolled out a music service for smartphones and tablets powered by its free Android software, in a challenge to streaming radio firms such as Pandora and Spotify.The launch of Google Play All Access came at the kickoff of a packed developers conference, which features a range of improvements to the Internet giant's products, and saw a surprise appearance by chief executive Larry Page."We are here because we share a deep ...

Cannes is global shop window for fashion designers PARIS: Nicole Kidman and "Amelie" star Audrey Tautou kicked off 12-days of red carpet fashion at the opening of the Cannes Film Festival on Wednesday.The prestigious Riviera movie meet provides both big fashion houses and up-and-coming designers with unparalleled opportunities to showcase their work before a global audience.The race to dress the biggest names, who can attract maximum publicity, starts in mid-April straight after the official announcement of the films selected for Cannes.Pictures of Hollywood ...

‘Mad Men’ star Hamm shooting new film in India MUMBAI: Hollywood actor Jon Hamm, best known as the dapper Don Draper in hit US TV series "Mad Men", has begun shooting his new film in the home of Bollywood, according to those working on the movie.Hamm is in Mumbai for the making of Disney's "Million Dollar Arm", based on a true story, in which he stars as sports agent J. B. Bernstein who discovers two Indian teenagers and signs them up to play baseball."This ...

International Day of Families tomorrow May 15 ISLAMABAD: International Day of Families will be observed on May 15 across the world including Pakistan to highlight the importance of families to people, societies and cultures around the world.International day of families 2013 theme is "Advancing Social Integration and Intergenerational Solidarity."A wide range of events would be organized at local, national and international levels.These include: workshops, seminars and policy meeting for public officials; exhibitions and organized discussions to raise awareness of the annual theme; ...


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln