Emaar shares struggle over shopping malls deal


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Emaar Properties fell on Sunday after reports said the developer is using four shopping malls as collateral for a $800 million loan.

Video:Market Minute, October 2 2011

Hadeel Al Sayegh keeps an eye on today's market performance.

The shares dropped 1.1 per cent to Dh2.72 at 12pm.

Dubai's index, the Dubai Financial Market General Index slipped 0.3 per cent to 1427.00 points.

The facility, arranged by a number of local banks, includes a five year tranche and an eight, Reuters cited banking sources on Thursday.

Other stocks also fell. Aramex, the region's largest courier, was down 1.6 per cent to Dh1.80. Arabtec Holding, Dubai's largest contractor, was down 1.4 per cent to Dh1.33.

In the capital, Ras Al Khaimah Cement was up 3.8 per cent to 81 fils a share. The Abu Dhabi Securities Exchange General Index was up 0.1 per cent to 2538.30 points.

Elsewhere in the region, Kuwait's measure was little changed at 5838.50 points. Bahrain's index was up 1 per cent to 1178.40 points. Oman's measure was little changed at 5604.43 points. Qatar's benchmark was down 0.1 per cent to 8384.82 points. The Saudi Tadawul All-Share Index was little changed at 6116.71 points.

WHAT IS GRAPHENE?

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were experimenting with sticky tape and graphite, the material used as lead in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But when they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment led to graphene being isolated for the very first time.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. 

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Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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