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MasterCard credit cards are displayed for a photographer. (AP Photo/Toby Talbot)


Cash still king as Saudis shun credit cards

Cash still king as Saudis shun credit cards

Riyadh, Asharq Al-Awsat—Credit card use in Saudi Arabia has been on the decline since 2008, according to recent data released by the country’s central bank, the Saudi Arabian Monetary Agency. The figures show that credit card revenues in the Kingdom, which stood at...