Arab billionaires staged a comeback. Depressed oil prices that tossed eight billionaires off the FORBES list last year have started a mild recovery, thanks in part to OPEC’s cap on output. Stock markets are also up.
Nine billionaires are back on the list: Bassam and Kutayba Alghanim, Fawzi and Mohannad Al-Kharafi—all from Kuwait, Saudi brothers Salman, Fawaz and Abdul Majeed Alhokair, Onsi Sawiris, patriarch of Egypt’s richest family, and Moroccan real estate developer Anas Sefrioui. We also found two new billionaires: Mohammed Serafi, a low-key Saudi investor with significant stakes in real estate development companies in the kingdom and Hamad bin Jassim bin Jaber Al Thani of Qatar.
https://www.forbesmiddleeast.com/en/list/the-worlds-richest-arabs-2017/
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