Home World Middle East Revealed: Arab Power List 2016 Saudi billionaire Prince Alwaleed tops the list for the fifth year running by Robert Anderson February 14, 2016 The fifth edition of Gulf Business’ annual Arab Power list is here and Saudi billionaire Prince Alwaleed Bin Talal Al Saud maintains his lead for yet another year. The founder and chairman of Saudi’s Kingdom Holding Company gained special prominence in 2015 after he pledged his entire $32bn fortune to charity. This year’s list – narrowed to the 50 most powerful Arabs – saw 15 new entrants, including the Syrian-born billionaire Joseph Safra who debuted in the fourth position. Overall the list includes 23 chairpersons, 16 chief executive officers, three presidents, a musician and a satirist, among others. Women accounted for seven entries on the list this year. Sector-wise, Arabs in finance made up 24 per cent of the list, marginally higher than 23 per cent last year, while energy and industry were the next biggest sectors. Interestingly, the highest number of entrants on the 2016 list reside in the United Arab Emirates rather than Saudi Arabia – a big change from the past editions. While 34 per cent of world’s most powerful Arabs reside in the the UAE, Saudi came second with 22 per cent and Qatar rounded off the top three countries with 20 per cent. Tags Abdul Aziz Al Ghurair America Movil Arab Power List 2016 aramco Carlos Slim Helu Emirates Emirates NBD Grupo Carso HH Sheikh Ahmed bin Saeed Al Maktoum HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud Joseph Safra Khaldoon Khalifa Al Mubarak Khalid Al Falih Kingdom Holding KSA Lebanon lists Mohamed Alabbar Most Powerful Arabs Qatar Safra Group Sheikha Lubna Al Qasimi Telmex Top 50 UAE Yousef Al Benyan 0 Comments You might also like Flying Taxis: How Archer aims to revolutionise travel in the UAE UAE to announce petrol, diesel prices for January; will rates drop in 2024? How REITs are unlocking the potential of UAE real estate GCC region M&A blazes trail as global deals decline