Wealth and Giving in the Arab Region
Two news items sparked debate across the Arab region recently. One reinforced Gulf stereotypes, while the other highlighted a bold out-of-the-box initiative. The first was Saudi King Salman’s official two-day visit to Washington, for which he brought an entourage numerous enough to take over a large Georgetown hotel. The second was Egyptian mega-entrepreneur Naguib Sawiris’ offer to purchase a Mediterranean island and supply it with infrastructure so that Syrian refugees could build new lives there. Both of these men have great wealth at their disposal.