PARIS - The Mediterranean World Economic Foresight Institute, L'Institut de Prospective Economique du Monde Méditerranéen (IPEMED), Board of Directors and General Assembly meetings were held with the participation of Board member HE Dr. Talal Abu-Ghazaleh to discuss IPEMED's activities related to Euro-Mediterranean relations.

The attendees approved the financial statements and action plan in addition to arrangements for the establishment of the Africa Mediterranean Europe « La Verticale-AME » foundation which is an organization to boost economic and cultural cooperation of the Africa Mediterranean Europe Axis and one of the work programs of the IPEMED.

The Board selected Dr. Abu-Ghazaleh to chair the Task Force of the Arab-Mediterranean Region of La Verticale, which is currently under process to hold its Foundational Meeting in Brussels under the auspices of the European Union.

Additionally, Dr. Abu-Ghazaleh was previously selected La Verticale’s Founding Chairman.