00:00Good day and welcome to the Gulf News Update for Sunday, July the 3rd.
00:06Here are the top stories at this hour.
00:09The boards of directors at First Gulf Bank and the National Bank of Abu Dhabi have approved
00:13the merger of both entities in the first quarter of 2017.
00:18The new entity, which will retain the brand name of NBAD, will be the largest bank in
00:24the Middle East and North Africa by assets.
00:26Regarding the issue of the new NBAD shares, FGB shareholders will own approximately 52%
00:32of the combined bank.
00:34Sheikh Tanun bin Zayed Al Nahyan, who is currently chairman of FGB, is the chairman-designate
00:40of the new entity.
00:42The Ministry of Foreign Affairs and Internal Cooperation has urged Emirati men not to wear
00:47the national dress while travelling abroad for reasons of safety.
00:51The ministry issued a number of travel warnings to citizens following reports of an Emirati
00:55businessman who was detained by police in the US city of Avon in Ohio.
01:01Ahmed Al Menhali was allegedly mistaken for a Daesh member and briefly arrested.
01:08At least 83 people have been killed and 176 wounded in two separate bomb attacks in Baghdad
01:14this morning.
01:15In the deadliest attack, a car bomb hit Karada, a busy shopping district in the Iraqi capital,
01:21killing 78 people and wounding 160.
01:26Seven militants who killed 20 people at a restaurant in Dhaka were local Bangladeshis
01:31and authorities had tried before to arrest five of them, police said.
01:36Dhaka's deputy inspector general of police said authorities were investigating any connection
01:41between the attackers and transnational groups such as Daesh.
01:47Germany's players hailed their first victory against Italy in a major tournament as an
01:51exceptional moment in their history.
01:54Germany reached the Euro 2016 semi-finals by beating their old rivals 6-5 on penalties.
02:00But the shootout, with seven players failing to convert their kicks, left pundits dismayed,
02:06with some saying it was the worst set of penalties ever seen at a major finals.
02:12Michael Cimino, the Oscar-winning director whose film The Deer Hunter became one of the
02:17great triumphs of Hollywood's 1970s, has died.
02:21Cimino died Saturday at age 77, said a Los Angeles County coroner.
02:27Police found Cimino's body at his home after friends were unable to reach him by phone.
02:33And finally the weather.
02:34Today's high across the UAE will be 42 degrees Celsius, dropping to 32 degrees at night.
02:41That's all for now.
02:42Thanks for watching and as always you can get the latest news at gulfnews.com
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