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The State Oil Fund of the Republic of Azerbaijan (Azerbaijani: Azərbaycan Respublikasının Dövlət Neft Fondu), also known by its abbreviation SOFAZ, is a sovereign wealth fund of Azerbaijan founded in December 1999. [1] [2] Nearly all the fund's revenues come from Azerbaijan's oil and gas exports.
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
The Israeli Citizens' Fund (Hebrew: קרן לאזרחי ישראל, Keren LeEzraḥei Yisra'el) is a sovereign wealth fund in Israel. It was established to handle projected future windfall profits expected from the discovery of the Tamar and Leviathan gas fields. The fund will be managed by the Bank of Israel.
Norway's trillion-dollar sovereign wealth fund plans to dump 134 oil and gas stocks from its benchmark index, the finance ministry announced on Friday.
In 1952 Egypt’s private sector accounted for 76 percent of economic investment. Following the nationalization plans carried out by President Gamal Abdel Nasser in the effort to build a post-independence socialist state, this percentage drastically shifted within a few decades to government investment accounting for over 80 percent of economic investment. [1]
Gas cars also refuel more quickly than even the fastest-charging EVs, reducing downtime and overall trip length on longer journeys.Fixing a gas car tends to be less expensive as well, despite the ...
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