Business from Friday, March 7th, 2025

Pakistan's prime minister appointed new heads for the key petroleum and privatisation portfolios on Friday- both departments seen as central to the country's recovery from an economic crisis.

DP World and Saudi Ports Authority (Mawani) have unveiled the new state-of-the-art South Container Terminal at Jeddah Islamic Port, marking a major milestone in DP World’s $800 million (AED 3 trillion) expansion and development programme.

Emirati businessman Abdul Rahim Mohammed Belghozooz Al Zarooni has contributed AED 10 million to the Fathers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai.

US President Donald Trump signed an executive order on Thursday to establish a strategic bitcoin reserve, a day before meeting with executives from the cryptocurrency industry at the White House.