10.02.2016 - Sovereign wealth funds playing a leading role
The Omani fund has played an important role with the Oman investment arm, Oman Oil, taking equity in the energy sector and other industries to diversify our economy. A SWF is an entity or fund that is state owned and can be considered as a source of surplus cash received from energy receipts, balance of payments, governmental payments, fiscal surplus, foreign currency operations and proceeds of privatisation. Our key focus today is the rise SWF from energy receipts and this holds true to energy resourced countries. Oil and gas has been instrumental in increasing the SWF purse and will be discussed later on. In terms of classification, SWF can be a stabilisation fund, saving / future generation fund, pension reserve fund and strategic development fund...............................................Full Article: Source
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