Monday, June 26, 2006

Philanthropy Rising in Arab Countries: Financial News - Yahoo! Finance

Philanthropy Rising in Arab Countries: Financial News - Yahoo! Finance: "Philanthropy Rising in Arab Countries
Monday June 26, 8:14 am ET
By Jim Krane, Associated Press Writer
Arab Countries Take Major Role in Humanitarian Aid -- and U.N. Notices

DUBAI, United Arab Emirates (AP) -- With so much easy money coming in these days, oil-rich Arab countries are trying to prove they are just as good at giving it away.

U.N. officials confirm what Arab spokesmen say -- that they are now among the world's most generous, bankrolling relief efforts for Asian earthquakes, African famines -- even American hurricanes."

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