Sunday, April 5, 2026
26.4 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

Beta Glass Reports Revenue of N149.1bn in Audited Results for 2025

Beta Glass Plc, the leading glass container manufacturer in...

Stanbic IBTC Sets Sustainable Growth Agenda for Key Sectors at Inaugural Nigeria Business Summit

Stanbic IBTC, a leading financial services provider in Nigeria,...

Ecobank Nigeria Assures Customers of Uninterrupted Banking Services During Easter Public Holidays

Ecobank Nigeria, a member of Africa’s leading pan-African banking...

APC National Chairman, Nentawe Yilwatda: Plateau State Must Never Bleed Again

Professor Nentawe Yilwatda, National Chairman of the All Progressives...

NGX Group Chair: Dangote Refinery Remains a Key Economic Gain for Nigeria, Africa

 On behalf of the African Capital Market community, which...

Topics

Siemens takes Digital Solutions of the Year Award

Siemens wins the Digital Solutions of the year award...

Equity Flashnote: Foreign Investors Still Calling the Shots

Saturday, April, 21, 2018 marked the one year anniversary...

COP28: NNPC Seals LNG Deals for Domestic, International Markets

R-L: Executive Vice President, Gas, Power & New Energy,...

Union Bank Responds to Court Ruling on NICON, Global Fleet, Jimoh Ibrahim Case

Union Bank of Nigeria acknowledges the recent judgment of...

Equatorial Guinea, Nigeria Sign Gulf of Guinea Gas Pipeline Agreement

  In a move set to strengthen bilateral cooperation in...

Polaris Bank:  Best Digital Bank in Nigeria Award for 4th Year

Polaris Bank, Nigeria’s leading digital retail commercial bank, again...

Insurance Through COVID-19: GNI Plc Open Alternative Business Channels

  Mrs. Cecilia O. Osipitan Managing Director/CEO Great Nigeria Insurance Plc Great...

Casava Secures $4m to Provide Microinsurance Services in Nigeria

Casava, Nigeria’s first 100 percent digital insurance company, has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img