| Since oil production started in earnest in Norway in 1971, Norwegians were called by some as the “blue eyed Arabs” and even recently, The Economist said on February 2, 2013 that fellow Nordic countries refer to Norway as the “most northerly Arab country.”
The Petroleum Fund changed its name in 2006 to the ‘Government Pension Fund — Global’. It has nothing to do with ordinary pension contributions and is to be distinguished from the much smaller ‘Government Pension Fund — Norway’, which was formerly The National Insurance Scheme Fund, and pension fund allowed to invest only domestically...............................................Full Article: Source
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