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Monday, 22 August 2022

TE + Orange Jordan to boost Iraq’s internet connectivity

Telecom Egypt and Orange Jordan will launch a terrestrial network that connects Iraq to Europe in 3Q 2022, according to a joint statement out yesterday. The two companies have agreed to integrate their networks to create the “Cairo-Amman-Baghdad (CAB) System,” which aims to increase internet connectivity services in Iraq.

Other things we’re keeping an eye on this morning:

  • Rameda Pharma has opened a wastewater treatment plant that is expected to halve its annual water consumption. (Statement, pdf)
  • Consumer electronics retailer B.TECH rolled out a digital app, Deel, to provide local merchants with a digital platform to maintain inventory, market their products, manage delivery, and access analytical tools, among other services. (Statement, pdf)
  • Helal El Sewedy Holding’s Energya Industries has reportedly landed a EGP 125 mn contract to alter the route of an overhead power line that is impeding construction work on the monorail in Sixth of October City. (Al Mal)
  • The National Authority for Tunnels reportedly wants to revise the route of the Sokhna-Matrouh high-speed railway and add an additional station at Alexandria. (Al Mal)
  • The military is setting up a stem cell research center after signing an agreement with US healthcare company SYMX. (Statement)
  • Fires broke out in two monasteries in Assiut and Minya yesterday, and were later brought under control with no serious injuries reported. Several fires have been reported in churches across the nation over the past week following the deadly fire in Abu Sefein church. (Statement | Statement)

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