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 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
The 2026 Football World Cup in the USA, Mexico and Canada is history. At the same time, preparations for the next World Cup tournaments are in full swing. 15 stadiums are being built for the 2034 FIFA World Cup in Saudi Arabia – eleven new facilities and four modernised arenas. fischer is involved in many
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
Saudi Arabia’s real gross domestic product fell 4.8% in the second quarter compared to the same period a year earlier, preliminary government estimates showed on Thursday, as war in the Middle East impacts the world’s top oil exporter and wider Gulf. The contraction was largely the result of a 24.7% drop in oil activity, showed data from the General Authority
Spokesperson of the Ministry of Defence Major General Turki Al-Malki stated today that Saudi air defences intercepted and destroyed several UAVs over the past few hours that attempted to target oil facilities in Eastern Region. Saudi Press Agency (SPA) quoted Major General Al-Malki as confirming that these terrorist attempts were launched again from Iraqi territory
Saudi Arabia said on Wednesday that its armed forces, in coordination with U.S. Central Command (CENTCOM), carried out “targeted strikes” against Iran-backed groups in Iraq that it said were responsible for drone attacks on the kingdom’s oil facilities. CENTCOM said the operation followed more than 30 drone attacks over the previous 72 hours that it
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