Search Site

Trends banner

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

Telecom Egypt and Orange Jordan’s CAB System to connect Iraq to Europe

CAB System will be ready for service in the third quarter of 2022.
  • The Cairo Amman Baghdad System will be ready for service in the third quarter of 2022.
  • Once launched, it will be the most advanced, scalable gateway and express route connecting Iraq to Europe using the companies’ networks, the companies said in a statement.

Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cables operators in the region, and Orange Jordan, will create a terrestrial system connecting Iraq to Europe through Jordanian and Egyptian territories.

The two companies signed an agreement under which the new system will commercially be named “Cairo Amman Baghdad System” or “CAB System”.

CAB System will be ready for service in the third quarter of 2022. Once launched, it will be the most advanced, scalable gateway and express route connecting Iraq to Europe using the companies’ networks, the companies said in a statement.

The statement said the system will capitalize on Telecom Egypt’s position, international assets, and facilities as well as Orange Jordan’s fully diversified infrastructure in Jordan.

“Integrating the companies’ distinguished and robust networks will offer reliable, low latency internet connectivity services through highly resilient, diverse routes to meet Iraq’s growing market demand,” the statement reads.