Saudi Press

Saudi Arabia and the world
Tuesday, Jun 17, 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 Abu Qamar, after her visa was revoked post her pro-Gaza resistance speech, is now challenging the decision through a human rights appeal.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
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
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Syria to Reconnect to Global Economy After 14 Years of Isolation
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Global News Roundup: From Ukraine's strategic military strikes and Russia's demands and Tensions Escalate in Ukraine, to serious legal issues faced by Britons in Bali and Trump's media criticism, the latest developments highlight a turbulent landscape
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
Iran Warns Europe Against Politicizing UN Nuclear Report
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
×