According to reports, the 29 year old informed his friend residing in Hong Kong that he was being held for a AED 109,000 ransom through WhatsApp.
The suspects were identified as four Chinese nationals who were caught with the victim in a house in Makati City, Metro Manila.
They are currently under the custody of the Philippine National Police as an investigation is underway.
Qatari helicopter crashes during 'routine duty', rescue mission ongoing
Qatar authorities are currently executing a search and rescue mission for the crew and passengers of a helicopter that crashed into "regional waters" on Sunday.
Trump threatens Iran with power plant strikes over Hormuz blockade
US President Donald Trump on Saturday threatened to "obliterate" Iran's power plants if Tehran does not fully reopen the Strait of Hormuz within 48 hours, a dramatic escalation that came barely a day after he talked about "winding down" the war.
Saudi Arabia orders Iranian military attache, embassy staff to leave
Saudi Arabia informed Iran's military attache, his assistant and three members of the embassy staff that they must leave the kingdom within 24 hours after being declared persona non grata, the Saudi foreign ministry said on Saturday, citing what it described as continued Iranian attacks on Saudi territory.
Ukraine says talks on resolving war to continue in US on Sunday
Ukrainian and US negotiators trying to move towards a settlement of the four-year war pitting Kyiv against Moscow opened their latest round of talks in Florida on Saturday, with more discussions planned through the weekend.
Trump threatens to send ICE to airports over funding impasse
US President Donald Trump threatened to deploy Immigration and Customs Enforcement agents to US airports on Monday if congressional Democrats do not immediately agree to fund airport safety.
