Month: July 2026

Saudi Arabia unveils plans for multinational maritime defence coalition

Saudi Arabia on Thursday unveiled plans for a multinational maritime defence coalition aimed at protecting international shipping and energy supply routes in the Red Sea region after attacks by Yemen’s Iran-aligned Houthis disrupted one of the world’s busiest trade corridors. The Saudi defence ministry said representatives from 43 countries and the European Union attended an

Saudi Arabia recalls more than 6,500 BMW vehicles over fire risk

More than 6,500 BMW vehicles have been recalled by the Ministry of Commerce due to a defect in the driver’s seat wiring harness that may cause an electrical short circuit, increasing the risk of smoke emission or a vehicle fire. The recall affects 6,574 BMW 5 Series and 7 Series vehicles from the 2023–2025 model

Gross insurance premiums in Saudi Arabia hit $22.59bln in 2025

Gross written insurance premiums in Saudi Arabia increased by 10.7% in 2025 to reach SAR84.3 billion ($22.59 billion), compared with 2024, a report said. The Saudi Insurance Market Report 2025, issued by the Insurance Authority as part of its commitment to transparency, market development, and the effectiveness of supervisory and regulatory operations, highlighted developments and

DP World Opens First Multi-Client Warehousing Facility In Saudi Arabia

DP World has started operations at its first multi-client third-party logistics (3PL) warehouse in Saudi Arabia, expanding integrated warehousing and distribution capacity for businesses serving the Kingdom’s growing consumer and industrial sectors. Located in Riyadh’s Al Mashael Logistics Hub, the 15,250 square-metre facility provides more than 17,000 pallet positions and access to scalable storage, inventory

Napster, DETASAD, And Lenovo Enable Sovereign AI Infrastructure To Support Local Deployment In Saudi Arabia

Napster, an innovation company powering the next generation of embodied and agentic AI, today announced a collaboration with DETECON AL SAUDIA (DETASAD) and  Lenovo to deliver sovereign AI infrastructure in the Kingdom of Saudi Arabia. By pairing Saudi-based data center services with Napster’s enterprise AI platform, the collaboration positions Napster among the first enterprise AI providers commercially

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