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: )
ZURICH, March 13 Private bank and asset manager LGT, owned and managed by Liechtenstein's royal family, on Monday reported a 9 percent rise in 2016 net profit to 230 million Swiss francs ($228.4 million).
Based in Liechtenstein's capital Vaduz, LGT also reported record net new money of 11.7 billion francs. Assets under management totalled 152.1 billion francs.
The bank is optimistic about its business development in 2017 despite market uncertainties, LGT said in a statement.
($1 = 1.0070 Swiss francs)
(Reporting by Joshua Franklin; editing by Jason Neely)
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.