Saudi Press

Saudi Arabia and the world
Tuesday, Jul 01, 2025

Thailand's Youngest Premier Leads New Cabinet; Global Markets See Shifts and Alliances Strengthen

Thailand's King endorses Paetongtarn Shinawatra's cabinet, making her nation's youngest and second female premier. Saudi point-of-sale transactions and UAE's private sector show economic advancements amid global oil price plunge.
Thailand's King Maha Vajiralongkorn has endorsed Prime Minister Paetongtarn Shinawatra's new 36-member cabinet, including 12 new faces. Paetongtarn, at 38, is now Thailand's youngest and second female premier, with her Pheu Thai Party dominating the cabinet.

Meanwhile, in Saudi Arabia, point-of-sale transactions surged by 20.4% between August 25 and 31, with telecommunications showing a remarkable 42% increase. The significant growth also extended to food and beverage, and clothing sectors, with Riyadh leading the cities in transaction volumes.

On the global front, oil prices have plunged to their lowest since December, driven by easing tensions in Libya and weak demand concerns globally. Brent and US crude futures have taken notable dips following Libya’s political resolutions, alongside economic uncertainties in the US and China.

In the UAE, the non-oil private sector has shown signs of recovery in August, with the PMI rising to 54.2 from 53.7 in July, led by international business activity and new orders. However, the rate of hiring growth has slowed, marking the second-slowest expansion in over 18 months.

Over in the UK, former Immigration Minister Robert Jenrick faces backlash for revoking the visa of Palestinian activist Dana Abu Qamar, citing her presence as not conducive to public good. Abu Qamar, after her visa was revoked post her pro-Gaza resistance speech, is now challenging the decision through a human rights appeal.

Finally, Saudi Arabia and Singapore are strengthening ties particularly in sustainability and advanced manufacturing technologies. During a visit, Saudi's Minister of Industry and Mineral Resources Bandar Alkhorayef met Singaporean officials, culminating in the signing of seven MOUs, marking a robust partnership with a trade volume of SR45 billion.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Black Box Recovered from Air India Crash Site
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
×