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Okaz learned that the Qawi platform, which is under the Ministry of Human Resources and Social Development, has started discontinuing some job change services for expatriates. The most prominent of these occupations included “general manager, sales representative, marketing specialist, and purchasing manager.”For establishments wishing to change an employee’s occupation, a note was included: (Sorry, you cannot change an employee’s current occupation from that occupation), indicating on the platform that if this situation appeared, they could not change from that occupation to or from another occupation.dismiss the general managerThe platform removed the occupation “General Manager” from the resident’s record, confirmed that…

NEW DELHI: India will immediately cut tariffs on European luxury cars from up to 110% to 30% under a new trade deal with the European Union, opening up the tightly controlled market to luxury carmakers such as BMW and Mercedes-Benz, officials said. India and the European Union on Tuesday struck a long-delayed deal to lower tariffs on most items and boost trade, as governments around the world seek to circumvent the capricious policies of the United States and deal with growing trade tensions. India is the world’s third largest automobile market in terms of sales volume, after the United States…

Egyptian artist Yasmin Abdel Aziz has announced that she has taken decisive legal action against all pages and accounts that published fake photos and offensive content that tarnished her personal and artistic reputation.”I would like to announce that I have taken the necessary legal measures and filed a lawsuit and official report against all pages and accounts that published fabricated photos and offensive content that is unworthy of me, my name, my artistic career, my audience, and above all unworthy of me as an Egyptian woman and mother,” Yasmin said in a statement.Support message She stressed that, despite being confident…

The Board of Directors of the Capital Markets Authority approved the extension until the end of 2027 of the exemption of financial fees collected for the institution covered by the fees of the Saudi Stock Exchange (Tadaul) and the Securities Depository Center (Edar) for requests to offer debt instruments, provided that the issuer or issuers have an existing credit rating and are disclosed to the public by a rating agency licensed by the Capital Markets Authority in accordance with certain controls.The Authority’s Board of Directors issued a decision on July 1, 2020 that issuers wishing to make a public offering…

Nvidia, Amazon and Microsoft are in talks to invest up to $60 billion in OpenAI, The Information reported on Wednesday. Existing investor Nvidia, which powers OpenAI’s AI models with chips, is in talks to invest up to $30 billion, The Information reported, citing people familiar with the situation. Longtime backer Microsoft is in talks to invest less than $10 billion, the report said. He added that a new investor, Amazon, is in talks to invest significantly more than $10 billion, and possibly more than $20 billion. OpenAI is in the process of receiving term sheets, or investment commitments, from these…

JEDDAH – Deputy Ruler of Makkah Prince Saud bin Mishal inaugurated 17 development projects in Jeddah Industrial City and Makkah Second Industrial City worth more than SR2.5 billion at a ceremony in Jeddah on Wednesday. The launch ceremony was held under the patronage of Crown Prince Khaled Al Faisal, Advisor to the Management of the Holy Mosques and Ruler of Mecca, and was attended by Minister of Industry and Mineral Resources Bandar Alkholayev, as well as several princes and dignitaries. The project includes the development of an infrastructure network over an area of ​​more than 11 million square meters, the…

Fitch ratings agency acknowledged the high credit ratings of Saudi banks, with financial indicators showing they are less sensitive to economic downturns compared to most banks in Gulf Cooperation Council countries.”Saudi Arabia’s business environment is considered good, as evidenced by its (bbb+) rating, the highest among Gulf Cooperation Council countries,” the agency said in a statement.He noted that this classification is based on continued increases in government spending within the framework of Vision 2030, continued economic diversification, non-oil growth, and progress on mega-projects. strong growthThe report said Saudi Arabian banks have grown at about twice the average rate in Gulf…

Interior Ministry security spokesperson Brigadier General Talal bin Abdul Mohsen bin Shalhoub said that in view of the active security pursuit of the activities of criminal networks conducting drug smuggling, the competent Lebanese authorities were able to seize the manufacturing plant based on information provided by the Saudi Ministry of Interior, represented by the General Directorate for Drug Enforcement, to its Lebanese counterpart. Narcotic substances Narcotic substances represented by amphetamine, methamphetamine (shabu), and (870) pills. Medical distribution regulations apply to narcotic cannabis (4,600 kilograms), substances used as precursors for drug production, and firearms. The security spokesperson praised the active cooperation…

The Federal Reserve (the central bank of the United States) kept its key interest rate unchanged as the Board of Governors fixed the overnight benchmark rate in the 3.50-3.75% range at its first meeting in 2026. “While the unemployment rate showed some signs of stabilization, employment growth remained weak,” the U.S. central bank said in a statement, noting that the decision to fix rates was rejected by two members who supported a 25 basis point (bp) cut, while 10 members supported it.It is worth noting that the US central bank ended 2025 with its third interest rate cut at its…

Global stock markets were on track to end a five-session streak of gains on Wednesday, but the U.S. dollar maintained its gains after the Federal Reserve left interest rates unchanged, as most expected. The Fed cited solid economic growth and persistently high inflation in keeping interest rates on hold, and its latest policy statement gave little indication of when borrowing costs would be lowered again. Investors will now be watching comments from Chairman Jerome Powell, whose term ends in May, for clues on how interest rates will move. U.S. stocks had little reaction to the Fed’s statement, with Apple’s earnings…