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Saudi business mood remains strong Local firms expect higher oil prices in Q2 while business expansion plans slip

UAE economy gains over $62bn Western report attributes rise to high oil prices and production

Hormuz pipeline to export in 3 months UAE oil minister says pipeline will initially operate at 1.4mbpd

Etihad cuts fares up to 25% to Europe, Asia

Etihad Airways confirmed on Tuesday that it had acquired a 2.987 per cent stake in Aer Lingus. The airline said the purchase reflected its desire to forge a commercial partnership with the Irish national carrier. Etihad Airways believes a possible partnership could produce significant commercial benefits for both airlines. Etihad Airways operates 10 flights a week from Abu Dhabi to Dublin and has carried more than 750,000 passengers between the two capitals since it began flying the route in July, 2007. The airline has a premium lounge at Dublin Airport, an engineering maintenance facility and has conducted recruitment drives across the country. It also recently renewed its sponsorship of the Gaelic Athletic Association, signing a five-year deal. Etihad Airways has strategic codeshare partnerships with 34 airlines around the world. Earlier Story: Abu Dhabi-based Etihad airline has acquired a 2.987 per cent stake in Aer Lingus over the past couple of months, according to an Irish daily. Under stock market rules, Etihad is not required to disclose its shareholding until it has passed the 3 per cent threshold. “Aer Lingus last night confirmed it was in discussions with Etihad in relation to reciprocal code-sharing arrangements. The two airlines are also investigating the possibility of joint procurement opportunities,” Irishtimes.com, the online edition of Irish Times said in a news report. Nevertheless, the paper quoted Aer Lingus as saying that Etihad had given the Irish airline an undertaking that it does not intend to increase its shareholding pending the outcome of the discussions. “There is no certainty as to the outcome of these discussions,” the paper quoted Aer Lingus as saying.

Etihad confirms stake in Aer Lingus The two also investigating possibility of joint procurement

Flydubai will move to Al Maktoum Griffiths says move as budget carrier grows in size

Qatar's ‘crossed sword’ tower hotel To be operational by 2016 for Fifa World Cup

Dubai Trade in Dh148bn savings Helps boosts UAE’s global competitiveness ranking

Jobs in the UAE: How to use your failure as a tool to get hired

DIFC Investments returns to profit Close to sukuk refinance deal, says Chairman

Designs of the new Trans-UAE train revealed

Oetker to open 10 Mideast hotels Le Bristol Abu Dhabi by mid-2013; 9 more in next 10 years