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The NMDC Group has announced that its subsidiary, NMDC Energy (formerly known as National Petroleum Construction Company), has been awarded a new project by ADNOC Gas. The project, named Estidama Project Package-6 Pipeline, involves engineering, procurement, and construction (EPC) of a pipeline and its associated facilities. The total value of the project is USD 254,564,031.

The Abu Dhabi Commercial Bank (ADCB) Board of Directors will hold a meeting on Thursday, July 18, 2024, at 10:00 a.m. The agenda includes discussing and potentially approving the bank's financial results as of June 30, 2024, as well as other general matters. Consequently, it is requested that trading of the bank's shares be suspended on that day. The notice is signed by Rami Raslan, Group Company Secretary of ADCB, and a copy has been sent to HE Dr. Maryam Butti Al Suwaidi. The date of the notice is July 15, 2024, with reference number CMD/008/2024.

Aldar Properties and DP World have signed a strategic agreement to develop a 1.55 million square foot Grade A logistics park in National Industries Park (NIP) in Dubai. This project is the first of its kind within NIP and aims to cater to third-party logistics (3PL), eCommerce, and retail tenants. The park will feature three modular buildings that can be adapted for single or multi-tenant use. Aldar will oversee the entire development process, from design to management. This initiative is part of Aldar's broader AED 1 billion investment to expand its logistics real estate business in Abu Dhabi and Dubai. The location is strategically positioned near Jebel Ali Port and Al Maktoum International Airport, offering excellent connectivity. The project aims to meet the high demand for warehousing facilities and strengthen DP World's position as a key distribution hub.

ADNOC Gas has awarded $550 million in engineering, procurement, and construction contracts to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates for the expansion of the UAE gas pipeline network. This project, part of the ESTIDAMA initiative, aims to increase gas delivery to customers in the Northern Emirates by extending the pipeline network from 3,200 kilometers to over 3,500 kilometers. Additionally, ownership of the $2.4 billion ESTIDAMA project will be transferred from ADNOC Gas to ADNOC, optimizing capital efficiency. Approximately 70% of the contract value is expected to benefit the UAE economy through ADNOC’s In-Country Value program.

The National Investor PrJSC held its General Assembly Meeting electronically on July 12, 2024, from 11:00 am to 11:40 am. The Board of Directors included Chairman Mr. Saeed Mohamed Hasan Almasoud, Vice Chairman Mr. Tariq Khalil Dawood Badran Al Karaeen, and members Mr. Mohammed Abdulla Juma Alqubaisi, Mr. Mohammed Abdulla Almazrouei, and Mr. Madhav Vithal Nayak. The meeting agenda included three main items: 1. Approval of a transaction to sell a real estate asset on Al Reem Island, valued at 10.1% of the company's share capital, to a related party. 2. Approval of a proposal to decrease the company's share capital by canceling 50 million shares, returning the value to shareholders, and amending the company's Memorandum of Association. 3. Authorization for the Chairman or CEO to represent the company in approving shareholders' decisions related to the above items and to take necessary measures for their implementation.