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: )
SINGAPORE Dec 20 Industrial conglomerate Sembcorp Industries Ltd named Neil McGregor, a senior official at Singapore state investor Temasek, as its new chief executive from April.
At present, McMcGregor is the senior managing director and head of energy and resources at Temasek International. He will succeed Tang Kin Fei, who is retiring after 30 years with the company.
Temasek holds a stake of almost 50 percent in Sembcorp Industries. Sembcorp Industries is the largest shareholder in rig builder Sembcorp Marine, which has been hit by a slump in orders due to the downturn in the energy market. (Reporting by Aradhana Aravindan; Editing by Sherry Jacob-Phillips)
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.