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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Israel: Natural gas sovereign wealth fund merits further discussion

Posted on 19 March 2014

Israel should not invest its natural gas revenues in foreign markets as planned, but in domestic “social-environmental causes,” lawyer-businessman Shraga Biran argued on Tuesday. “You need to find a social fund that will help this generation and the future generation,” he said.
Biran was participating in a panel on the country’s sovereign wealth fund for natural gas profits. The cabinet approved the creation of such a fund – which calls for the investment of the expected $125 billion of profits in foreign markets – in April 2013………………………………………..Full Article: Source


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