Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- 'Suspicious' Qnet banned  Join our daily free Newsletter

MENAFN - Arab News - 02/09/2012

No. of Ratings : 1
Add to Mixx!


 


(MENAFN - Arab News) Saudi Arabia has banned Qnet, a network marketing company, and said it would punish those involved in the suspicious business venture. "This network marketing activity involves deception of citizens and has been banned in a number of countries," the Ministry of Commerce and Industry said.

The ministry urged Saudis and expatriates not to take part in the activities of such network marketing companies. It also advised the public to inform the ministry about individuals promoting such business by calling the toll-free number 8001241616.

"This business activity has not been registered with the ministry. Moreover, there have been official instructions in the past banning activities that involve deception and stealing others' money through falsification," it explained.
The ministry stressed that it would take all measures to stop this form of business activity in the Kingdom with the support of relevant agencies.

Qnet has introduced itself as the world's largest and fastest-growing online shopping and business community. "Ever since 1998, we've been home to a new breed of healthy, happy and successful people of all ages, races, gender and socioeconomic status," it said.

As an established, dynamic direct selling company, we provide the framework and tools that allow our members to actively raise their quality of life through value-added lifestyle products and through our network marketing business opportunity and attractive Compensation Plan, its website said.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help