Azerbaijani Vision
Norway has taken money from its sovereign wealth fund for the first time since it was set up in 1996.
Local newspaper Dagens Naeringsliv said that 6.7 billion kroner, or $780 million, was withdrawn pay for public spending.
In The Media
My contributions in the media
Norway takes money from its ‘rainy day fund’ for the first time as the low oil price hits home
Hazel Sheffield Norway is not the only oil-reliant nation to turn to its sovereign wealth fund to plug the gap in oil revenue Rex Norway has taken money from its sovereign wealth fund for the first time since it was […]
Oil Has Sovereign Wealth Funds Hitting Sell Button
Countries from Norway to Russia to Saudi Arabia have begun drawing down their reserve funds to plug budget gaps and defend currencies. Jess Delaney The last thing Libya needs is low oil prices. Racked by a civil war that’s ground […]
Oil prices & the impact on Sovereign Wealth Funds – Libya as a case
Libya Observer
By Omar Khattaly
The drop in oil prices in the last 12 months has taken markets and investors by surprise. State institutions such as Sovereign Wealth Funds (SWF) […]
Turks, Europeans Lead Charge On Libyan Investment
By Peter Kenyon Originally published on November 9, 2011 5:53 pm Libya may be months from a new government, but the still-infrequent international flights to Tripoli are packed with businesspeople looking to land contracts with this oil-rich North African state. […]
Turks, Europeans Lead Charge On Libyan Investment
Peter Kenyon Libya may be months from a new government, but the still-infrequent international flights to Tripoli are packed with businesspeople looking to land contracts with this oil-rich North African state. The Turks and Europeans appear to be moving quickly, […]