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Logistics (MENA) 
Adnoc, ADQ, NMDC, Edge + more join localization push
Agreements spanned pharma, chemicals, EPC, and defense
THIS MORNING: It’s the first day of Ramadan + Sustainable bond issuance to rise in MENA this year
Plus: Emirates Mars Mission has been extended
New Adnoc + OMW JV open to further partnerships, eyes 50% rise in net income
Adnoc Downstream CEO Khaled Salmeen said demand for plastics was still high
Adnoc, OMV agree terms of petrochemicals units merger
The company will be listed on the ADX, and likely the Vienna Stock Exchange later
Adnoc, OMV want to acquire Mubadala’s Nova Chemicals
The move falls under the pair’s broader plans to set up a global polyolefin complex
Adnoc sets up low-carbon energy and chemicals investment unit
XRG will aim to double its asset value from the current USD 80 bn over the next decade
Saint Gobain to acquire Fosroc in a USD 1 bn transaction
The acquisition is part of Saint Gobain’s regional expansion strategy