Mr. Ziad Makkawi, the CEO of Algebra Capital, a UAE-based asset manager, says that despite the ongoing crisis, foreign investors will keep looking "the MENA region as an attractive investment destination [...]."

Operational since its 2005 licensing, Lacom, the second provider of ground-lines telephony in Algeria and a subsidiary of Egypt's Orascom, was forced to close its business.

The goal 'Blue Med' civil aviation project is to reduce both flight times and energy costs by creating a common Southern European sky with functional airspace blocks.

The Medgaz pipeline is planned to be completed in 2010 and will carry out natural gas from Algerian gas fields to southern Spain. The total cost of the project amounts to EUR 900mln.

"With our new hub in Morocco, we will now be able to expand our coverage across EMEA [Europe-Middle East-Africa] markets", the Chairman of Air Arabia declared recently.

One of the Italy's wealthiest region has financed half of the construction costs of the new mill with a donation of EUR 118 000. The mill is located in the southern Lebanese city of Alma Ash Shaab.

After preliminary discussions which took place in Cairo last week, both countries are to designate action groups to discuss further the issue of providing the island with LNG from Egypt.