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AI + Innovation (MENA) 
Infrastructure 
UAE held a 31.6% share in GCC projects markets in 2Q 2024, despite a dip in contracts
The UAE has USD 856.9 bn worth of ongoing or upcoming GCC projects
Adnoc inks AED 2 bn contracts to expand gas Infrastructure
Adnoc Gas is transferring ownership of Estidama to Adnoc
Dubai to get a gastroenterology hospital, courtesy of Scope Investment and South Korea’s Asan
Plus: Lots of real estate news
UltraTech closes Rak White Cement acquisition
PLUS: Fitch upgrades Masdar’s rating to AA-
Fertiglobe secures first ever green ammonia tender to supply green ammonia to Germany
The contract will secure 10% of Germany’s annual ammonia needs
THIS MORNING: US lawmakers call for probe into Microsoft’s partnership with G42 + FAB denies plans to acquire a stake in Yes Bank
Plus: More m’naires to flock to the UAE this year
Falcon Energy Materials appoints Jean-Daniel Joly as CFO
Jean-Daniel Joly succeeds Ugo Landry-Tolszczuk as CFO
Adnoc sells 40% of Ruwais LNG project + secures supply agreements
The oil giant sold 10% stakes to Shell, TotalEnergies, BP, and Mitsui
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