BRIEF-Egypt's Naeem Holding board approves capital increase
* Board approves issued and paid-up capital increase to $218.6 million from $198.7 million through bonus share issue Source: (http://bit.ly/2qvUGWl) Further company coverage: )
MILAN Oct 5 Italy's recent reform on insolvency should be extended to cover existing non-performing loans and not just new ones, the International Monetary Fund said in its Global Financial Stability Report published on Wednesday.
In comments relating to the restructuring plan of Monte dei Paschi di Siena, the IMF said that tackling the lack of capital for weaker banks was important for guaranteeing the stability of the system as a whole and supporting the economy.
(Reporting by Alessia Pe; writing by Francesca Landini)
DUBAI, May 28 Gulf stock markets may have a soft tone in thin trade on Sunday after global oil producers agreed after the close on Thursday to extend cuts in output by nine months to March 2018.
May 26 A Lebanese man accused of trying to use his ties to Hezbollah to further a scheme to launder drug money pleaded guilty on Friday in a Brooklyn, New York federal court to a U.S. money laundering conspiracy charge.