Wealth of richest Arabs 'plunged in 2008'
The wealth of the richest Arabs plunged in 2008, with Prince Alwaleed, the richest of all, seeing his investments shrivel nearly 20 percent, according to a list published in Dubai on Sunday.
)According to Al-Sharq Al-Awsat newspaper, an official report issued by the Saudi Arabian Monetary Authority shows that the Arab National Bank had posted a 12.5% net profits fall in the first half of 2010 compared with the same period last year.