PODCAST: UAE in a minute for August 2, 2017

Making today's headlines: financial scam, ingested magnets and Emirates Airlines

The Middle East will need more planes because the rate of passenger traffic will grow 5.9 per cent until 2036, beating the world average of 4.4 per cent. Adam Schreck / AP

>UAE residents have described losing their life savings after being caught up in a financial scam that sold bogus workspace developments across the globe.

>Doctors in Tawam Hospital in Al Ain removed 21 magnets from the stomach of a 23-month-old baby.

>Emirates Airlines will decide by year end on a multibillion dollar order in which the airlines will pick between Boeing’s Dreamliner 787 model or Airbus’ competing A350.