INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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.