Israel launches Sovereign Wealth fund

Israel’s sovereign wealth fund will start operating on June 1st, now that taxes on profits from natural gas and other resources have passed the 1-billion-shekel minimum. Profits from the fund will be allocated for Israel’s social, economic, and educational purposes.

https://www.reuters.com/markets/funds/israels-sovereign-wealth-fund-begin-june-1-finmin-2022-05-30/

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