Tuesday, April 14, 2026
32.6 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

Hot this week

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Stanbic IBTC Bank Sponsors 2026 Lagos Polo Easter Tournament

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

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

Topics

IGI Names Bayo Folayan New CEO

Industrial And General Insurance Plc (IGI) has announced the...

Angola: Top Beneficiary of $89.6bn Chinese Loans to Africa

From 2000 to 2014, Angola received 23% of Chinese...

May 29: Consolidated Insurance Bill 2020 May Miss Presidential Assent

  As the nation waits anxiously for the inauguration of...

‘Linkage Assurance Financially Strong to Deliver Quality Services’

Underwriting firm, Linkage Assurance Plc is financially strong and...

Polaris Bank, Evolve Charity Extend Educational Support to Schools in Imo State 

  L-R: General Manager, Evolve Charity, Godwin Ejeh; one of...

NCC, Danbatta Honoured with Awards at Business Journal Newspaper Presentation

L-R: Mr. Rasaaq Salami, Deputy Director at the National...

Simba TVS Storms Enugu Int Trade Fair with Latest Mobility Solutions 

Simba TVS, leading mobility solutions provider, is creating a...

DBI Unveils Nigeria Digital Economy Outlook 2026: Q1 Intelligence Report

DigitalSENSE Business Intelligence (DBI), an initiative of ITREALMS Media,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img