Wednesday, May 6, 2026
32.1 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

Mutual Benefits Bags Double Honours at 2026 NIA Awards Ceremony

Mutual Benefits Assurance Plc has recorded a significant milestone...

Mutual Benefits Restates Commitment to Responsible Corporate Practice

Mutual Benefits Assurance Plc has reaffirmed its long-standing commitment...

Stanbic IBTC Redefines Home Ownership in Nigeria with 450 Homes Disbursed

Stanbic IBTC is strengthening its position as a trusted...

Why Botswana Has the Best Sovereign Rating in Africa

Sovereign credit strength across Africa is concentrated within a...

emPLE Nigeria Paid over N7bn Claims to Support Individuals, Families, Businesses in 2025

emPLE, one of Nigeria’s rapidly growing insurance companies, has...

Topics

NSE Bloomberg CEO Roundtable 2018

L – R: Oladele Afolabi, Director, Portfolio Management, Debt Management...

How Nigerian Politics Rivals Nollywood for Drama

In our series of letters from African journalists, novelist and writer, Adaobi Tricia Nwaubani looks at why Nigerians are hoping to be entertained by a crackdown on corruption. Two major industries in Nigeria share similar elements of melodrama and wildly implausible plots -films and politics.

El-Dabaa Nuclear Power Plant Project Construction Phase Begins in Egypt

The “first concrete” pouring for the El-Dabaa Nuclear Power...

Global PC Market Declines to 2011 Level

Worldwide PC shipments (desktops, notebooks, two in ones and...

NCC: Regulatory Instruments Will Tackle Insecurity, Facilitate 5G

The Executive Vice Chairman (EVC) of the Nigerian Communication...

Buhari Commends Insurance Sector on Free Insurance Cover for Frontline Workers

  President Muhammad Buhari has commended the insurance sector for...

Ecobank Group Appoints Manekia as Group Exec

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank...

Global Telcos May Dump Africa over Profit Threat

Africa may well be the next frontier for growth...
spot_img

Related Articles

Popular Categories

spot_imgspot_img