Latest News
- Kuwait-Jordan Durra Field Joint Statement Rejected By Iran
- GTD Cracks Down On Vehicle Noise Pollution In Sulaibiya
- Mystery Of Dead Fish At Shuwaikh Beach Sparks Urgent Action
- MEW To Complete Links With The Interior And Justice Ministries B...
- 8 Expats Jailed For Bribing An Officer To Obtain Driver's Licens...
- Weekend Weather Is Expected To Be Hot
- From Tomorrow, Traffic Diversion On Third Ring Road
- Ministry Of Health Refute Rumors On Non-availability Of Antibiot...
- Amir Of Kuwait And Jordan King Renew Commitment To Regional Secu...
- 37 Arrested With Narcotics And Firearms
- Outrage Over Candidate's Arrest
- Six Stores Shut Down In Jahra For Selling Fake Goods
3 Kuwaitis Among The World's 50 Richest Arabs 2016
The 12th edition of the Arabian Business Rich List for the world's 50 Richest Arabs contain three Kuwaitis where Saudi Arabia’s HRH Prince Alwaleed has maintained his top position for yet another year. Rising to second place this year is the world’s richest banker, Joseph Safra, while the secretive Olayan family are down in third.
According to the list, Kuwait’s Al Kharafi family with an annual turnover of $5bn tops the list in 10th spot. The total wealth is estimated as $7bn. The Kharafi Group has operations in 25 countries around the world, from Senegal to Botswana to Kazakhstan and the Maldives, and has more than 120,000 employees.
The Bukhamseen family with a total estimated wealth of 6bn US$ is on the 11th spot in the list. Bukhamseen Holding initially involved in trade, real estate and construction, now spread into financial investment and banking, hospitality, travel and tourism, industrial production, media, and consultancy services in urban planning, civil engineering and major development projects in the country.
The Alghanim family is the third Kuwait based Arab in the list with a total estimated wealth of 3bn. Alghanim Industries now employs over 14,000 people across 30 businesses and is present in 40 countries across the Middle East, Eastern Europe and Asia.
The total wealth of the 50 individuals and families ranked as the Arab world’s richest has fallen by 9 percent over the course of the last year — and virtually no-one remains unscathed.
SOURCE : IIK
Trending News
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Kuwait Airways Resumes Flights To Beirut And Oman...
15 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Thief Returns Stolen Money With An Apology Letter...
15 April 2024
Comments Post Comment