Faciela representatives report key progress for the production of biofuels in North Africa by acquiring the land rights for over 84,000 ha. Technical teams are on the ground to carry out surveying work and start development plans.

Anar Mammadov joins Arxiel as Head of Project Origination for Carbonexis

J Faciela team led by Richard Sellers worked on new developments of large scale biofuels projects in North Africa..

Carbonexis appoints CEO.

Dubai, UAE – Carbonexis Inc, a CDM and JI solutions development company – one of the Arxiel Ventures Inc group companies - has appointed Nakhli Zeidan as Chief Executive Officer.

Mr. Zeidan has 25 years experience in the investment banking industry. Mr. Zeidan was the head of global foreign exchange derivatives, trading and sales for Bank Indosuez before taking over in 1995 as Treasurer for the Americas based in New York. As the Head of Asian equities cash and derivatives trading for Indosuez W.I. Carr securities in Hong Kong, Mr. Zeidan served as Managing Director and a member of the firm's executive committee in charge of equity derivatives and all trading activities from 1997 to 2002 as well as Managing Director of the securities branch in Japan from 1999 to 2002. Mr. Zeidan brings to Arxiel and Carbonexis an intimate knowledge of cash and futures markets trading and brokerage, the experience of managing credit and market risks, sensitivity to the issues of regulatory compliance and reputational risks. He has been on the advisory committees of a number of exchanges and financial industry forums. Mr. Zeidan is currently the Managing Director of Asia Pacific Consulting which specializes in due diligence of investment funds and providing risk management services and products for the financial industry. Mr. Zeidan earned a Bachelor's degree in Economics from Universite St Joseph in Beirut and a Masters Degree in Money & Banking from Sorbonne University in Paris. "Nakhli Zeidan will provide the experienced and capable leadership needed by Carbonexis as it expands operations," said Ammar Charani, CEO of Arxiel Ventures. "We are pleased that he has agreed to join Carbonexis to help us deliver greenhouse gas abatement solutions around the world and use his financial skills to build our portfolio and CER management capability"

Carbonexis has built a network of projects in various countries around the world and will be launching the initial phase of a large CDM development by 2008. Carbonexis has been active since 2006 and has now established operations in over 20 countries around the world.

JV Partnership formed with partners in Senegal.

CEO Ammar Charani concluded a visit to Russia with two agreements to develop CARE projects in Russia and CIS countries

President Richard Sellers joins the Executive Advisory Board of the World Future Energy Summit

Arxiel board met in Budapest to review current and future projects and to plan for the fast expansion of Arxiel operations worldwide.

President Richard Sellers presents Arxiel’s strategy to Norway's Ministry of Foreign Affairs Conference: Partnerships for sustainable development.

President Richard Sellers and Laurent Dittrick meet with local companies and government officials in Morocco to discuss carbon abatement, bioenergy and solar projects.

Lady Barbara Thomas Judge joins Arxiel Ventures as Head of Corporate Governance.

CEO Ammar Charani & President Richard Sellers meet with government officials in Tunisia to discuss biofuels and solar opportunities.

President Rick Sellers meets with Agroils in Italy to develop strategy for bioenergy projects in North Africa.

President Rick Sellers meets with AEDB Chairman Air Marshal Shahid Hamid and Minister of State for Environment Malik Amin Aslam E in Pakistan to further discussions of bioenergy and solar project development.

Arxiel Ventures welcomes Dr. Franz Trieb and Carsten Hoyer to the Arxiel Ventures team in solar research and development.

Dr. Nidhal Ouerfelli joins Arxiel Ventures, specialising in solar energy.

Ammar Charani, CEO Arxiel Ventures and Rick Sellers, President Arxiel Ventures, meet with Prime Minister Zurab Nogaideli of Georgia in Tbilisi, Georgia and David Tkeshelashvli – Minister of Environment Protection and Natural Resources.

Ammar Charani, CEO Arxiel Ventures meets officials at the State Oil company in Azerbaijan and Azeri Energy.

Laurent Dittrick, area manager, meets officials in Morocco and assesses project potential.

Arxiel Ventures and OME- Observatoire Méditerranéen de l'Énergie - sign Cooperation Agreement.

Rick Sellers, Arxiel Ventures President, in Jordan to meet with Kaled Irani, Minister of Environment.

Arxiel President Rick Sellers presents renewable solutions at Goldman Sachs finance meeting in Munich.

Arxiel Ventures and Climate Change Capital sign cooperation agreement.

Arxiel Ventures and Investment & Management Company sign Partnership Agreement in Tunisia

Rick Sellers, Arxiel Ventures President, meets officials in Damascus: Deputy Premier for Economic Affairs - Mr. Abdullah Al- Dardari, Minister of Industry - Dr. Fouad Al Jouni and Minister of Electricity - Dr. Ahmad Khaled Al-Ali to discuss future CARE projects in Syria.

Rick Sellers, Arxiel Ventures President, meets with Afif Chalbi - Energy Minister, Nathir Hamada – Minister of Environment and Habib Haddadd – Minister of Agriculture in Tunisia to prepare solar, biofuel and carbon abatement projects.

Arxiel Ventures & Solar Millennium sign Cooperation Agreement.

September 2006

Arxiel Ventures launches its United Arab Emirates operations to develop regional projects in CDM, solar energy and biofuels.

Arxiel Ventures President Rick Sellers holds meetings in Turkey to assess biofuels potentials.

August 2006

Arxiel Ventures meets in London with top CARE funds companies to discuss co-investment opportunities.

Arxiel President Rick Sellers holds meetings in Brussels with EU Commission officials to discuss renewables in North Africa and EU carbon credit policy in developing countries.

Arxiel President Rick Sellers presents global biofuels strategy at Regional Workshops on Developing Fuel Quality Roadmaps in Asia and Climate Change Mitigation in the Transport Sector in Manila.