| Israel is sitting on at least $150 billion in future revenues following the discovery of vast offshore gas deposits, its finance minister said. While Israel may be relishing the prospect of running sovereign wealth investment like Middle East contemporaries Abu Dhabi, Qatar or Kuwait, officials are quick to emphasize that they are not about to abandon their high-tech, export-driven growth model.
"I assume that we will decide to put a lot of the money in some kind of sovereign wealth fund, an Israeli fund that will invest elsewhere," Steinitz said, adding that a portion would also pay down government debt of around 75 percent of GDP..............................................Full Article: Source
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