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Thursday, October 04, 2012

The richies of Arabia

 Saudi Arabia has 1,265 wealthy people with a total net worth of $230 billion. The United Arab Emirates ranked second with 810 with a total net worth of $120 billion, followed by Kuwait in the third place with 735 individuals with a total net worth of $125 billion and Qatar in the fourth place has 300 with a total net worth of $45 billion. Syria has 215 people whose total net worth was $23 billion.

 Overall, the total number of the wealthy in the Middle East reached 4,595 people (population of the Arab world over 367 million in 2012) with a total net worth of $710 billion.

The overall number of millionaires around the world has risen to 18,738 with a total net worth of $25.8 trillion.

Against all this wealth there are millions of people living in extreme poverty. On a global level, the World Bank estimates published at the beginning of March 2012 indicate that the proportion of people living on less than $1.25 per capita/day amounted to about 1.29 billion in 2008, which is equivalent to 22 per cent of the population of the developing world. 43 per cent exist on less than $2 a day

As the old sayings by Imam Ali bin Abi Talib, cousin of Prophet Mohammed, says: "The rich are fortunate at the expense of the poor"

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