#AbuDhabi is back in the #eurobond market for the first time in almost three years. It's selling a three-tranche dollar deal today. bloomberg.com/news/articles/… w/Abeer Abu-Omar

Though Abu Dhabi’s strong finances suggest it “doesn’t need the money,” the offering allows it to maintain a presence in the market in anticipation that borrowing costs could stay elevated at a time when geopolitical risks are sharply on the rise.

Our newsletter, The London Rush, is the early and essential business update you need. And yes, Iain, our subject lines may contain some of the best/worst puns a financial journalist can come up with. Sign up here to see for yourself: trib.al/vuu1V6r

Saudi Arabia has stepped up the arrest of citizens for social-media posts related to the Israel-Hamas war bloomberg.com/news/articles/… via Bloomberg Politics Sam Dagher

Saudi Crown Prince Mohammed Bin Salman's carrot-and-stick approach to lure global banking giants is starting to pay off trib.al/UZKb422

The latest on the war

Minister Mehmet Simsek confirms Bloomberg scoop in a speech on Friday, saying the government will announce savings measures on Monday

Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian are dead in a helicopter crash in a mountainous area of the country, state-linked news agency MEHR reports. Paul Wallace on what we know so far bloomberg.com/news/live-blog…

Saudi Arabia’s leader faces some tough decisions ahead trib.al/OAalab5

Oil: Problems with OPEC+ cuts 1. Layers of production targets: official, voluntary, compensation & others 2. Some target production cuts, others aim for exports 3. Different expiration dates 4. Deal excludes Libya, Venezuela, Iran 5. Output data accuracy bloomberg.com/opinion/articl…

Turkey is poised to be removed from a financial watchdog’s “gray list” as early as next month, a potential boost to one of the Middle East’s biggest economies following its moves to curb illicit money flows trib.al/feqc5yK

Mega deal effect

من يشبهك يا أبي.. والدنا وقائدنا وقدوتنا..

The fact that he sounds nothing like Tony in real life furthers the point that his performance of Tony Soprano is the greatest in TV history

BREAKING: A series of technical glitches is disrupting services worldwide from airlines to banks after Microsoft reported an outage trib.al/EsV6tBr

World Bank’s private investment arm is suing a Lebanese lender in the UK for $234 million of loans and interest payments bloomberg.com/news/articles/… via Bloomberg

Egypt: "The fact that not a single military company has actually been put on the market despite the president’s persistent advocacy in this regard is a measure of the limits to his power" By Yezid Sayigh يزيد صايغ carnegieendowment.org/middle-east/di…

Living in the shadow of war: Lebanon has been waiting for war since October and Israel's escalating conflict with Hezbollah is making the prospect very real bloomberg.com/news/articles/… via Bloomberg Politics

oh. Good morning (?)

OPEC+ faces a quagmire: It can delay its 4Q output hike to defend prices >$75. But that doesn't resolve the big S/D 1H 2025 surplus. If OPEC+ wants to defend prices then, it would need to **cut output**, rather than delay hikes. Simply, the oil price Saudis want is too high.