Monday, June 8, 2026
24.6 C
Lagos

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

Universal Insurance CEO, Jeff Duru, Chairs SUPERNEWS Confab 2026, as Idu Okeahialam Delivers Keynote Paper

SUPERNEWS Nigeria has announced the Managing Director/Chief Executive Officer of...

REA CEO, Stakeholders to Brainstorm on Nigeria’s Energy Transition Pathway at 2026 Oriental News Conference 

The Rural Electrification Agency (REA), would be leading conversations...

Mutual Benefits Unveils New Website, Expanding Digital Access to Insurance Solutions

  New Platform Enhances Customer Experience, Enables Online Purchase...

Govt Comprehensive Secondary School, Borikiri, Crowned Champion of 2026 NLNG Science Contest

Sophia Horsfall, General Manager, External Relations and Sustainable Development,...

Topics

AXA Mansard: The Worst Ranking Insurance Brand in Q1 2023

In the first quarter of 2023, P+ Measurement Services,...

World Economic Forum: Sage CEO Laments Absence of Small Business Issues

CEO Stephen Kelly says small businesses still being ignored...

Stanbic IBTC Unveils Single Sign-on Capability on Mobile Super App

To unify customer experience while using its Mobile App,...

Open Alliance to FG, NASS: Conduct Population Census Ahead of 2027 Elections

Open Alliance, a coalition of civil society organisations working...

Stanbic IBTC Pension Managers Champions Flexible Pension Options for Nigerians at Home, Abroad

Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic...

Natural Disasters Inflict $7tr Economic Losses Since 1900

Natural disasters around the globe have resulted in economic...

‘Nigeria Must Empower Youths to Drive Inclusive Economic Growth’- Stanbic IBTC

Stanbic IBTC Holdings Chief Executive, Dr. Demola Sogunle, stated...

Sovereign Trust Insurance Receives Diamond Award from Ibadan Golf Club

Former Governor of Osun State, Brigadier-General Olagunsoye Oyinlola (Rtd)...
spot_img

Related Articles

Popular Categories

spot_imgspot_img