According to yahoo news, the break is located around egypt. And india is get the most effect, a slow internet connection. Including Dubay Stock Exchange. The main cause of this cable break is not yet known, but some information said because a ship’s anchor.

(update)
On the FLAG Telecom site reported that there were two cables are cutted. The one are on the Mediterranean sea and the other are located at 56 KM from dubai. The restoration is in progress, but due to bad weather, it tooks a week for the restoration.

note:
image are captured from map.google.com