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Logistics (MENA) 
Mubadala, Sharjah Islamic Bank, and ADCB tap debt markets
Initial price guidance was set at a spread of 95 bps over US Treasuries
Mashreq is now the first UAE bank to offer instant payments for SMEs
Plus: Pony.ai to launch robotaxi trials in Dubai this year
Sports consulting firm Elevate enters Middle East with Rise Group acquisition
Global sports consulting firm acquires Rise Group: US-based global sports and entertainment consulting firm Elevate Sports Ventures has acquired Dubai-headquartered…
ADCB eyes second USD 600 mn Formosa bond sale this year
The senior unsecured notes are priced at a spread of 100 bpd above SOFR
S&P sees Abu Dhabi’s GDP growing 2.5% this year
The emirate’s GDP grew by 3.8% last year
THIS MORNING: Taqa eyes acquisitions in the US + Bin Butti joins race for Italian refiner IP
Plus: Has the CBUAE scrapped banks’ minimum balance hike?
Sharjah launches digital platform for M&As
Plus: Adnoc LTS receives another LNG carrier
Lulu Retail, Mair Group and ADNH Catering are now included in FTSE indices
The inclusions will be effective starting 23 June
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