Home lists 100 Most Powerful Arabs 2023 Munib Al Masri Chairman and founder, Edgo Group Origin: Palestine Residence: Palestine Sector: Diversified The billionaire spearheads energy conglomerate Edgo, known for delivering integrated service solutions to crucial energy markets across the MENA region. Starting with oil, gas and water exploration, Edgo’s portfolio now includes construction, telecommunications, technology, real estate development, and project financing. Through Edgo, Al Masri has cast his entrepreneurial net wide but remains committed to his Palestinian roots. PADICO, the company he chairs, accounts for up to 27 per cent of the Palestinian economy, employing thousands of people through his Jerusalem Development and Investment Company and PALTEL.