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Islamic Finance Briefing - Categorized | Emerging Trends, Market Moves more

$25bln setback!

Posted on 15 December 2008

From Gulf-daily-news.com: The world’s 50 richest Arabs have lost 12 per cent of their combined fortune this year. This was a result of the international economic crisis.

The Arabian Business 2008 Rich List, which was published yesterday, showed that the average fortune of the top 50 has slipped to $3.99 billion. In total, the top 50 richest Arabs now hold $199.48bn, a drop of $25bn in comparison to December last year. …. Full Article: Source

 
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