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Genel Energy chair Tony Hayward 'to step down next year'

Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy, which he founded in 2011 and became the biggest oil and gas producer in Iraqi Kurdistan Regional Government (KRG), three sources close to the company said.

Today, Genel is struggling with a drop in oil prices, regional conflict and a large reserves downgrade.

EIB OKs EUR 7.3 B for Investment in Europe

The European Investment Bank (EIB) has said it has approved EUR 7.3 B in loans for investment across Europe and around the world.

At a meeting in Malta's capital Valetta, its Board of Directors gave the green light for the funding to be allocated to strategic infrastructure, the environmental and knowledge economy as well as private sector schemes.

Greek PM Tsipras Thessaloniki EXPO speech

Greek PM Alexis Tsipras will hope to assuage the discontent among the economically battered Greek public and galvanise his party supporters during his speech at the Thessaloniki International Fair, by using his administration’s successful results of the TV licence tenders, which brought in 246 million Euros to the state coffers.

Economic policy, migration to top agenda of EUMed summit in Athens

Prime Minister Alexis Tsipras is hoping that Friday's so-called EUMed summit in Athens, which is due to see the leaders of Greece, France, Italy, Portugal, Malta and Cyprus discuss economic policy, migration and security, will lead to a strengthening of ties between the Southersn European countries ahead of the European Union leaders' summit Bratislava, Slovakia, next Friday.

Exporters call on envoys from 73 countries to spread Turkey's devotion to democracy

The Turkish Exporters' Assembly (TİM) has called for some 181 envoys and civil servants from 73 countries across the globe to talk about Turkey's devotion to democratic rule and robust economy in their countries and to boost cooperation with Turkey during a three-day meeting hosted in the Aegean province of Çanakkale on Sept. 2-4, the association said in a statement.

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