Natural gas profits finally put Israel's wealth fund into business
After four disappointing years, Israel’s wealth fund, based on tax revenues from natural gas companies, has enough money to begin making investments.
It may be four years later than originally anticipated, but the State of Israel’s Wealth Fund has finally begun to collect income from the sale of natural gas.
According to the Israeli Tax Authorities, by late August the fund had accumulated 1.88 billion shekels ($540 million). Taking into account proceeds due this year but not yet collected, the total sum should amount to 3.84 billion shekels ($1.11 billion).
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