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The long-awaited Iranian Oil Bourse, a place for trading oil, petrochemicals and gas in various non-dollar currencies, will soon open.
Iran's Finance Minister Davoud Danesh-Jafari told reporters the bourse will be inaugurated during the anniversary of the Islamic Revolution (February 1-11) at the latest.
First cable cut
===============
Jan 30 (Wed) 0800 FLAG cable; 8.3km from Alexandria in Egypt.
[link to news.bbc.co.uk]
Second cable cut
================
Jan 30 (Wed) SEA-ME-WE4 cable thought to lie alongside FLAG cable was also split; 56km from Dubai.
(same BBC link as first cable above)
Third cable cut
===============
Feb 1 (Fri) FLAG Falcon fibre optic cable running through the Suez to Sri Lanka; cut somewhere between Dubai and Muscat.
[link to www.marketwatch.com]
[link to news.bbc.co.uk]
Fourth cable cut
================
Feb 1 (Fri) An undersea telecoms cable was damaged between the Qatari island of Haloul and the UAE island of Das.
[link to www.arabianbusiness.com]
Egypt: No ships present when internet cable cut
No ships were present when two marine cables carrying much of the Middle East's internet traffic were severed, announced Egypt's Ministry of Communications Sunday, contrary to earlier speculation about the causes of the cut.
The ministry had originally stated that a ship dropping its anchor on the two key cables was most likely responsible for Wednesday's cut in service that robbed Egypt, Saudi Arabia and India of much of their internet.
"A marine transport committee investigated the traffic of ships in the area, 12 hours before and after the malfunction, where the cables are located to figure out the possibility of being cut by a passing vessel and found out there were no passing ships at that time," said the statement.
The ministry added that the location, 8.3 kilometers (5 miles) from the port of Alexandria, was in a restricted area so ships would not have been allowed there to begin with.