Why are Arabs so rich?

Arabs are rich because of the large natural gas and oil deposits in their countries and the competition between countries across the globe to gain access.

However this is a major misconception about Arabs. The reality is not all Arabs are rich and the rich ones are in fact the rulers such as the Kings and Emirs of the Arab countries bordering the Persian Gulf and Arab-African states like Libya. As all the oil revenue goes through the various royal family members and trickles down to the rest of the population.

For example Egypt is the most populous Arab country. Yet this country's population is mainly poor and dependent on bread lines to get their daily rations of subsidized bread. Egypt's oil ran dry a while back and the their natural gas deposits is running low. In contrast the sparsely populated oil rich Gulf States excluding the larger populations of Iraq and Saudi Arabia are immensely wealthy as a result of the tiny local population and the massive wealth made off of their massive oil and natural gas reserves.