News stories by Fareed Mahdy

MADRID/CAIRO, Feb 22 (IPS) - In Egypt more than 1,500 public and private business delegates and state leaders agreed on 20-21 February to mobilise massive investments for the implementation of Africa's largest trading bloc whichwas created last year by 26 African countries with a total of 620 million consumers and a combined Gross Domestic Product (GDP) nearing 1,2 trillion dollars.The agreement crowned the "Africa 2016" investment forum held in the Egyptian Red Sea resort Sharm El Sheikh with the participation of business leaders together with government officials and heads of international organisations to discuss trade and investment as engines of progress. African heads of state and government from Ethiopia, Equatorial Guinea, Gabon, Nigeria and the, Sudan took part in the forum.

The spectre of a U.S. nuclear umbrella for the Middle East haunted the U.S.- Egyptian summit this week. In the run-up to President Hosni Mubarak's first Washington visit in five years, both the Egyptian leader and his senior aides categorically rejected an undeclared U.S. offer to guarantee defence of the region against atomic weapons as part of a comprehensive Middle East peace plan.