Daily headlines from the UAE and around the world brought to you by Gulf News. First Gulf Bank (FGB) and the National Bank of Abu Dhabi (NBAD) confirm merger. Emirati men urged not to wear national dress while travelling abroad. At least 83 killed and 176 wounded in Baghdad bomb attacks. Militants who killed 20 people at restaurant in Dhaka were local Bangladeshis. Germany's players hail victory against Italy as exceptional moment in their history. Michael Cimino dies at age 77. See more at: http://gulfnews.com/gntv
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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