April 18, (RTRS): SWIFT, the global bank messaging system, on Monday advised clients to pay close attention to security when selecting firms to help them access the network following the release of data that suggested the US government sought to spy on their clients.

NEW DELHI: After a former Snapchat employee alleged that the social media company's CEO Evan Spiegel was disinterested to expand the business to "poor countries" like India, Indians took to social media in huge numbers to express their displeasure with these unverified comments. Very soon, #BoycottSnapchat became the top trending topic on Twitter.

April 2: Kuwaiti banks have decided to collect the registered individual and business tax details of their clients, covering interest, profits, deposits and revenue generated through the sale of assets throughout the period the beneficiary has lived outside his home country, reports Al-Qabas daily.

March 29: Kuwait has decided to postpone enforcement of the selective tax regime until the middle of the current year. It decided to postpone the policy without stating the reasons, although the Ministry of Finance is ready for implementation, reports Al-Seyassah daily.

March 25 (KUNA) -- Oil prices are expected to touch the level of USD 58 per barrel (pb) by end of 2017, if OPEC and non-OPEC countries commit to cutting output, Chief Executive Officer of Kuwait Catalyst Company Hasan Qabazard said.

“Any move to impose taxes on the remittances of expatriates in Kuwait will negatively impact the economy of Kuwait. The lawmakers of Kuwait should conduct a thorough study of the issue before proposing laws in this regard”, says a financial expert from Kuwait.

Moody's Investors Service has maintained its stable outlook for Kuwait's banking system, reflecting the rating agency's view that government-funded projects will drive economic growth, and subsequently business for banks.

Kuwait has extended the recent run of mega-debt issues in the Gulf with a debut sovereign bond sale that attracted more than $20bn of investor bids. The $3.5bn 5-year and $4.5bn 10-year bonds have been sold at a yield of around 2.8 per cent and 3.6 per cent respectively.

The private sector in Kuwait has a keen desire for greater direct investment opportunities in South Korea, Kuwaiti Ambassador Bader Al-Awadhi affirmed Friday.

Trading at Kuwait Bourse ended Tuesday in the red zone with the benchmark down by 84.86 points to settle at 6,665.9 points.