Geostrategy

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.

Several MoUs give a boost to Saudi-Thai relations

Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz meets Thai Prime Minister and Defense Minister General Prayuth Chan-ocha in Bangkok. (SPA)
By TRENDS Desk
November 19, 2022 8:31 am
  • The two countries agree to set up Saudi-Thai Coordination Council, vow to enhance investments and cooperation in sectors such as energy and tourism and fight corruption
  • Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz and Thai Prime Minister General Prayuth Chan-ocha also discuss ways to develop bilateral ties

BANGKOK, Thailand — Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz met the Thailand’s Prime Minister and Minister of Defense General Prayuth Chan-ocha at the Thai government’s headquarters in Bangkok. They discussed aspects of bilateral relations and ways to develop and enhance them.

Saudi Crown Prince and the Thai Prime Minister also witnessed the exchange of a number of memorandums of understanding between the governments of the Kingdom of Saudi Arabia and the Kingdom of Thailand

Here are the details of the five key MoUs:

First: A memorandum of understanding between the Ministry of Energy in the Kingdom of Saudi Arabia and the Ministry of Energy in the Kingdom of Thailand in the field of energy. The MoU was exchanged by Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, and Thai Deputy Prime Minister and Minister of Energy Supata Pong Ban Misha.

Second: A memorandum of understanding to form the Saudi-Thai Coordination Council, which was exchanged by Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs, and the Thai Deputy Prime Minister and Minister of Foreign Affairs, Don Pramudwinai.

The delegations of Saudi Arabia and Thailand held talks late Friday. (SPA)

Third: A memorandum of understanding for cooperation in the field of tourism between the Ministry of Tourism in the Kingdom of Saudi Arabia and the Ministry of Tourism and Sports in the Kingdom of Thailand, which was exchanged by the Minister of Commerce and Acting Minister of Media, Dr. Majid bin Abdullah Al-Qasabi, and the Thai Minister of Tourism and Sports, Phiphat Ratchakitprakarn.

Fourth: A memorandum of understanding for cooperation in the field of encouraging direct investment between the government of the Kingdom of Saudi Arabia and the government of the Kingdom of Thailand, which was exchanged by the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, and the Thai Deputy Prime Minister and Minister of Foreign Affairs, Don Pramudwinai.

Fifth: A memorandum of understanding between the Oversight and Anti-Corruption Authority “Nazaha” in the Kingdom of Saudi Arabia and the National Anti-Corruption Authority in the Kingdom of Thailand in the field of preventing and combating corruption, which was exchanged by Nazaha President, Mazen bin Ibrahim Al-Kahmous, and the Thai President of the National Anti-Corruption Authority, Watcharapole Prasar Narajkit.

Earlier in the day, Mohammed bin Salman had met Thai King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua.

During the meeting at Chakri Maha Parsat Throne Hall, they discussed Saudi-Thai relations.

Most Read