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Digital Payments Revolution Boosts E-Commerce Opportunities in Saudi Arabia

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. ....

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Saudi, Omani Posts Issue Commemorative Stamp to Mark New Road Inauguration

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. ....

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