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Of the money spent, 74% was in search of technology talent to help expand the world focus on all types of technology.In trying to fill the gap in talent in the Middle East, these business leaders posted over 22,000 new jobs to continue their efforts to shape both the Arab and global economy.Still, there’s some consolation to be seen at the top of the Rich List, 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.It also includes many exciting new faces that offer new generations of long-standing families that have headed family businesses as well as the new breed of Middle Eastern entrepreneur that mixes tradition with the emergence of exciting technologies and platforms collected from studying abroad.
In each case a family or individual’s stake in a company has been obtained. Where this information is publicly available through stock exchanges, an exact figure has been obtained.
The news wasn’t much better back here in the Middle East. Global stock markets have already posted record poor performances for the first week of the year, and the oil price just keeps on sliding.