Saudi Arabia Bans Foreigners from Selling Mobile Phones

Saudi Arabia’s government has passed a decree banning foreign workers from selling and maintaining mobile phones and accessories for them.

It is also requiring that retail stores are at least 50% staffed by Saudi nationals within three months, and be entirely staffed by locals within six months.

The Ministry of Commerce and Industry said that the deadline to Saudise the telecom sector will come into effect on 2nd July.
Violators face up to two year in prison and will be deported.

The moves after reports that more than half of phone retailers in the country are owned by a Saudi national in name only, and are fronts for foreign investors.

It could also see around 20,000 Saudi’s offered jobs in the retail sector, and may be seen as the beginnings of a more aggressive move to create non-oil jobs for Saudi nationals.

spot_img
spot_img
spot_img
spot_img

Hot this week

What Every Brand, Tourism Board, Communications Leader Can Learn from Ojude Oba 2026

The Ojude Oba Festival is no longer merely one...

Understanding Why Corporates Need Credit Rating

As we transition into the second half of 2026,...

SERAP Sues NNPCL Over Alleged ‘Failure to Account for N5.9bn Rebranding Cost’

The Socio-Economic Rights and Accountability Project (SERAP) has filed...

RMB Supports Ministry of Finance Nigeria in Unlocking Regional Trade

RMB recently played a central role in concluding a...

Obasanjo Calls for National Drive to Develop Nigeria’s Adire Industry at Ecobank Adire Lagos Experience

Former President of Nigeria, Olusegun Obasanjo, has called for...

Topics

Tinubu Commissions WAGL’s 40,000 CBM LPG Vessel in South Korea

Dignitaries at the naming ceremony of the 40,000 cubic...

IFC: 2.5bn Adults, 200m MSMEs Lack Access to Credit

The International Finance Corporation (IFC) says an estimated 2.5 billion adults and 200 million Micro, Small and Medium Enterprises (MSMEs) worldwide lack access to credit or savings. Click here to make lazy tweet.

Nigeria Missing in Top 10 African ICT Ranking

In its 2016 global report on information technologies entitled...

The Bloody News from South Africa

When apartheid ended in 1994, the ANC promised to make black South Africans richer (Black Economic Empowerment). The lot of poorer blacks, however, has not improved much. Many are frozen out of the workplace altogether. The unemployment rate among blacks is 28.5%, compared with 5.6% for whites. If those who want work but have given up looking for it are included, the jobless rate is a whopping 41.6% for blacks compared with 7.5% for whites. The Economist, April 27, 2013.

Nigeria Suspends Action Against Militants in Niger-Delta

There are strong indications that the Nigerian Government has...

PenCom: Commitment to Ethical Conduct, Business Practices

One of the major achievements of the Pension Reform...

Stanbic IBTC Bank to Boost Entrepreneurship with 2024 Edition of SME Training

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img