Iraqi Farouk al-Kasim behind Norway oil fund that is envy of world
Like parts of Canada and the United States, Norway has a very lucrative oil and gas industry. But unlike Alberta and Alaska, Norway chose not to use its resource wealth immediately to pay for hefty tax cuts or social programs. Instead, the Scandinavian country squirrelled its money away in a fund for future generations, a decision that is paying enormous social dividends.
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