Riyadh, Bangkok to Implement Bilateral Partnership Agreements

Don Pramudwinai, Thailand’s Deputy Prime Minister and Minister of Foreign Affairs (Photo: Yazeed al-Samrani)
Don Pramudwinai, Thailand’s Deputy Prime Minister and Minister of Foreign Affairs (Photo: Yazeed al-Samrani)
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Riyadh, Bangkok to Implement Bilateral Partnership Agreements

Don Pramudwinai, Thailand’s Deputy Prime Minister and Minister of Foreign Affairs (Photo: Yazeed al-Samrani)
Don Pramudwinai, Thailand’s Deputy Prime Minister and Minister of Foreign Affairs (Photo: Yazeed al-Samrani)

A high-ranking Thai official said that Bangkok and Riyadh were close to implementing bilateral agreements, which were recently concluded by the two sides.

Don Pramudwinai, Thailand’s Deputy Prime Minister and Minister of Foreign Affairs, pointed to the restoration of full diplomatic relations between the two countries, saying that an official Thai delegation would visit the Kingdom next July.

These developments follow the historic visit of the Thai Prime Minister and Minister of Defense, General Prayuth Chan-ocha, to Riyadh on Jan. 25, at the invitation of Crown Prince Mohammad bin Salman.

The Green Experience

Pramudwinai said he expected that the next phase would see the two countries strengthen bilateral economic, trade and investment relations and discuss available opportunities within the Kingdom’s Vision 2030.

Saudi Arabia will also benefit from the Thai experience in the green economy, and would review cooperation in the areas of digital transformation, renewable energy, environment, climate, cyber-security and digital transformation, while maintaining mutual support and coordination in international organizations and forums.

Economic Map

In an interview with Asharq Al-Awsat, Pramudwinai said: “The foreign ministers of the two kingdoms have taken persistent steps. Within just two months of establishing bilateral relations, we are close to implementing what we committed to on Jan. 25.”

He added: “The roadmap is nearing completion and I believe that there is a large number of investment opportunities.”

Thai Labor

Regarding the recruitment of skilled Thai workers to the Saudi market, Pramudwinai pointed to two separate agreements in this context, which were signed in March between the ministries of labor in the two countries.

In this regard, he noted that around 2,000 Thai workers would join the Saudi market this year, “as an actual translation of the launch of bilateral cooperation and partnerships.”

The Thai defense minister did not rule out joint military collaboration, stressing that the door to cooperation between Riyadh and Bangkok was wide open. He noted that Saudi Arabia was expected to participate in the Security and Defense Conference and Exhibition that will be held in Thailand in September.

Exploring Opportunities

Pramudwinai underlined “unremitting efforts” on the official level to move forward with “more creative talks and negotiations that would contribute to launching a roadmap that would lead the two countries to the best model partnership.”

He also stressed that the two countries enjoyed rich resources and multiple wealth, pointing to seven agreements and memoranda of understanding that were signed in the joint forum to advance tourism, healthcare, industry, hospitality, hotel, construction sector, oil and gas sector and an agreement between the Federation of Saudi Chambers and its Thai counterpart to raise the level of economic and trade cooperation and investment.



Mawani, Arabian Chemical Terminals Sign Land Lease for Jubail Port Storage Tanks

Mawani, Arabian Chemical Terminals Sign Land Lease for Jubail Port Storage Tanks
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Mawani, Arabian Chemical Terminals Sign Land Lease for Jubail Port Storage Tanks

Mawani, Arabian Chemical Terminals Sign Land Lease for Jubail Port Storage Tanks

The Saudi Ports Authority (Mawani) signed a contract with Arabian Chemical Terminals Ltd. to establish storage tanks for chemical and petrochemical materials at Jubail Commercial Port, with an investment exceeding SAR500 million on an area of 49,000 square meters.

The project will contribute to enhancing operational efficiency and increasing handling capacity in line with the objectives of the National Transport and Logistics Strategy to consolidate the Kingdom’s position as a global logistics hub, SPA reported.

This step is part of Mawani’s efforts to strengthen the role of the private sector in supporting the gross domestic product and to reinforce the position of Jubail Commercial Port as a driver of commercial activity. The project’s storage capacity will reach 70,000 cubic tons, boosting the competitiveness of the Kingdom’s ports at both regional and international levels.

The project aims to develop and expand storage capacity and the export of chemical and petrochemical materials in accordance with the highest international standards while supporting supply chains. It includes the establishment and development of specialized facilities for storing and exporting chemical and petrochemical products, as well as the provision of storage and distribution services for local and international import and export of chemicals in line with global quality and safety standards.

The project will contribute to supporting national supply chains, boosting the Kingdom’s chemical logistics capabilities, and raising operational efficiency and capacity, thereby improving customer competitiveness. It also supports the achievement of Saudi Vision 2030 objectives by promoting the development of infrastructure to advance the energy, industry, and supply chain sectors in the Kingdom.


Oil Prices Stable as Investors Seek Clarity on Russia-Ukraine Talks

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel
A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel
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Oil Prices Stable as Investors Seek Clarity on Russia-Ukraine Talks

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel
A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel

Oil prices were little changed on Tuesday as investors took stock of ​dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen, Reuters reported.

Brent crude futures for February delivery, which expire on Tuesday, were up 15 cents at $62.09 a barrel as of 0918 GMT. The more active March contract was at $61.61, up 12 cents.

US West Texas Intermediate ‌crude gained 14 ‌cents to $58.22.

The Brent and ‌WTI ⁠benchmarks ​settled ‌more than 2% higher in the previous session as Saudi Arabia launched airstrikes against Yemen and after Moscow accused Kyiv of targeting Putin's residence, denting hopes of a peace deal.

Kyiv dismissed Moscow's accusation as baseless and designed to undermine peace negotiations. After a phone call ⁠with Putin, US President Donald Trump said he was angered by details ‌of the alleged attack.

"I think the ‍markets are sensing that ‍a deal is going to be very hard ‍to come by," said Marex analyst Ed Meir.

Traders also watched other Middle East developments after Trump said the United States could support another major strike on Iran were Tehran to resume rebuilding its ballistic missile or nuclear weapons programs.

Despite renewed fears of potential supply disruptions, perceptions of an oversupplied global market remain and could cap prices, analysts say.

Marex's Meir said prices would trend downwards in the first quarter of 2026 due to ‌a "growing oil glut".


Meta Buys China-founded AI Agent Manus

FILE PHOTO: The logo of Meta is seen at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo/File Photo
FILE PHOTO: The logo of Meta is seen at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo/File Photo
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Meta Buys China-founded AI Agent Manus

FILE PHOTO: The logo of Meta is seen at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo/File Photo
FILE PHOTO: The logo of Meta is seen at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo/File Photo

Facebook owner Meta has agreed to acquire Manus, an artificial intelligence agent created by a company founded in China but now based in Singapore, the two firms said.

However, analysts warned the deal could fall foul of regulators at a time of fierce technological rivalry between Washington and Beijing.

Exceeding the capabilities of AI chatbots like ChatGPT, AI agents can autonomously perform complex tasks for users, and are seen as having huge potential.

Manus, created by startup Butterfly Effect, can for example sift through and summarize resumes or create a stock analysis website, according to its website.

Meta said Monday that the deal -- the financial details of which were not disclosed -- will "bring a leading agent to billions of people and unlock opportunities for businesses across our products".

"The era of AI that doesn't just talk, but acts, creates, and delivers, is only beginning," Manus chief executive Xiao Hong said on X.

"And now (with Meta), we get to build it at a scale we never could have imagined."

Meta CEO Mark Zuckerberg is making a huge push into AI, spending billions of dollars on acquisitions, hiring engineers and building data centers.

Bloomberg Intelligence analysts said the purchase is likely aimed at expanding Meta's AI agent task capabilities, and that it could be worth more than $2 billion.

However, "it could draw regulatory scrutiny given that Singapore-based Manus was founded in China", the analysts said.