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/PRNewswire/ -- The Kingdom of Saudi Arabia Buy Now, Pay Later (BNPL) market is experiencing explosive growth, fueled by a surge in digital adoption,...
For an extended period, the Saudi Arabian economy predominantly relied on cash, stemming from a culture rich in traditional local markets and negotiations. This preference, once reinforced by a lack of trust in banking systems and the absence of regulatory frameworks for online transactions, is rapidly evolving. With two-thirds of the kingdom’s population being under the age of 35, and the country ranking third globally in smartphone usage, Saudi Arabia is undergoing a swift transformation in payment preferences.
The Saudi Post (SPL), in collaboration with Omani Post, has issued a joint commemorative stamp to mark the new land road inauguration that directly connects the Kingdom of Saudi Arabia and the Sultanate of Oman.
The Saudi Post (SPL), in collaboration with Omani Post, has issued a joint commemorative stamp to mark the new land road inauguration that directly connects the Kingdom of Saudi Arabia and the Sultanate of Oman. The stamp highlights the strong relations between the two countries. It contains a picture of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Sultan Haitham bin Tarik. It also showcases the Kingdom’s Vision 2030 and Oman’s Vision 2040.
The Transport General Authority (TGA) has introduced the Kingdom's first public transport project, featuring clean energy-powered buses in Tabuk city. The project entails introducing 25% eco-friendly electric buses. The event was inaugurated by Governor of Tabuk Region Prince Fahd bin Sultan bin Abdulaziz; attending was Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail, SPA reported.