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Re: balihi post# 43

Sunday, 04/17/2016 10:02:37 PM

Sunday, April 17, 2016 10:02:37 PM

Post# of 81
Thanks for that..you beat me to the punch :)

This is some interesting news out of the oil conference this weekend

Saudi Arabia prepares for post-oil era by setting up world's biggest sovereign investment fund

The $2trn fund is aimed to move the country's economy away from its dependence on oil.

The $2tn (£1.4tn) wealth fund will be created by selling off state petroleum company Aramco's assets in a dramatic plan to transform the country's economy, which heavily relies on the oil industry.

The megafund will be enough money to buy the four largest US companies, Apple, Google's parent company Alphabet, Microsoft and Berkshire Hathaway.
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