Emirates looks to acquire Etihad

Emirates is looking to acquire its UAE rival airline Etihad in a merger that could form the largest airline in the world, people familiar with the matter tell Bloomberg. Talks are already underway, but are at a preliminary stage, the sources added. The two companies have denied they are in talks to combine their businesses.

In other international news, gunmen attacked a military parade in Iran killing at least 25 people on Saturday, CNN reports. A local Sunni separatist group, Patriotic Arab Democratic Movement in Ahwaz, claimed it carried out the attack, according to state news agency IRNA. Supreme Leader Ayatollah Ali Khamenei accused the GCC of masterminding the attack, BBC reports.