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: )
MOSCOW May 15 Russia's central bank is very likely to speed up rate cuts if inflation quickly falls below its target of 4 percent, the Russian economy ministry said on Monday.
The ministry said if the current rouble level remained in place till the end of the year then inflation could fall to 2.9 percent in December.
It added that it saw inflation ending the year at 3.8 percent in its base case, because it expected the Bank of Russia to react in the event of an accelerated inflation slowdown. (Reporting by Alexander Winning; editing by Vladimir Soldatkin)
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.