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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Mubadala of UAE to invest $395m in UK’s CityFibre

With this new investment from the Middle East, the total amount of equity raised by CityFibre in the last six months has reached $1.85 billion.
By TRENDS Desk
March 20, 2022 10:50 pm
  • The investment aims to speed up the rollout of CityFibre’s full-fiber lines across the UK
  • An official announcement from Mubadala or CityFibre could come as early as Monday

Mubadala of the UAE will invest $395 million into CityFibre, Britain’s biggest independent provider of full-fiber broadband infrastructure, according to media reports.

The investment aims to speed up the rollout of CityFibre’s full-fiber lines across the UK. An official announcement from Mubadala or CityFibre could come as early as Monday.

With this new investment from the Middle East, the total amount of equity raised by CityFibre in the last six months has reached $1.85 billion, touted to be the UK’s largest-ever capital raising for broadband infrastructure.

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