Daily headlines from the UAE and around the world brought to you by Gulf News. Missing Malaysian jet. Fake medicines market. Mubarak aide out on bail. Emirates REIT listing. Swift tops Money Makers ranking. See more at: http://gulfnews.com/gntv
Category
🗞
NewsTranscript
00:00Good day. Welcome to the Gulf News Update for Tuesday, March 11. Here are the top stories
00:09at this hour.
00:11The so far fruitless search for a missing Malaysian airline has entered its fourth day
00:15today. Sources in Europe, the United States and Asia have voiced growing scepticism that
00:21the flight lost with 239 people on board was a target of an attack. The massive search
00:26has drawn in navies, military aircraft, coast guard and civilian vessels from 10 nations
00:32but failed to turn up any trace of the Boeing 777 that vanished about an hour into a flight
00:37from Kuala Lumpur to Beijing early on Saturday.
00:42The search was widened on Tuesday to a large swath of the Gulf of Thailand, the South China
00:47Sea and the western coast of Malaysia. Fake drug manufacturers are targeting expensive
00:52medicines such as those used for cancer, an expert has warned. Such drugs will either
00:56dissolve in water, have only sugar syrup or could have just 20 per cent of the active
01:01ingredients, Albert I. Wertheimer, Professor of Pharmaconomics at Temple University in
01:07Philadelphia said. He said some counterfeit drugs could make patients' conditions worse.
01:12An Egyptian court has ordered the release on bail of Ahmed Ez, a right-hand man to former
01:17President Hosni Mubarak. Ez was a steel tycoon, former lawmaker and powerbroker and the best-known
01:24face of the public corruption that flourished around Mubarak.
01:27Emirates REIT, the Sharia-compliant real estate investment trust, announced on Tuesday its
01:32intention to list on Nasdaq Dubai. New shares in Emirates REIT will be offered as part of
01:38the listing to a number of institutional and professional investors in certain jurisdictions,
01:43it said. The company intends to raise a minimum of 500 million dirhams and use the proceeds
01:48to fund future acquisitions.
01:51Entertainment and Taylor Swift has added another award to her pile. She was announced as the
01:55winner of Billboard magazine's annual Moneymakers ranking of musicians who reaped the biggest
02:00paydays during 2013. Swift's take is tallied at $39.7 million. The calculation combines
02:06Swift's revenue from music sales, publishing and streaming royalties and concert tickets.
02:12And finally, the weather. Today's high across the UAE will be 31 degrees Celsius, dropping
02:17to 23 degrees at night.
02:18That's all for now. Thanks for watching. And as always, you can get the latest news
02:21at gulfnews.com.