algeria

Delegation also including MPs visit Sahrawi camps: 'Morocco blocks any possibility for dialogue'

The initiative targets 10,000 young women, studying at university and wanting to start their own business, from Morocco, Palestine, Jordan and Spain. The 'Young Women as Job Creators' project aims to create 400 new businesses. It is an initiative by the Union for the Mediterranean – whose headquarters are based in Barcelona – and the Association of Organisations of Mediterranean Businesswomen (AFAEMME). The project will run from May to November 2013 and it will be based on workshops and courses taught in universities from the four countries involved. The initiative has a budget of €300,000, paid by the Government of Norway, the Catalan multinational Gas Natural Fenosa, the Union for the Mediterranean and the European Investment Bank.

Leading Catalan electric and natural gas company Gas Natural Fenosa has bought 10% of Medgaz, a submarine gas pipeline between Algeria and Europe that provides natural gas to the south of Europe. The pipeline has a capacity of transporting eight billion cubic meters per year and the acquisition has cost the Catalan company €61.9 million. Gas Natural Fenosa will use 10% of the transport capacity of the gas pipeline. The contract will last for 18 years.

Barcelona-based Gas Natural Fenosa enlarges its capital with 515 million euros invested by the multinational North-African company, Société Nationale (Sonatrach).