Higher oil revenues boost Future Generations Fund


By Mohammed Al Aáli 

FUTURE generations would now have more money saved for any emergencies as higher oil revenues would be pumped into a key fund.

The Shura Council yesterday unanimously approved amendments to the 2006 Future Generations Fund Set-up Law, which would significantly boost funds for future generations.

Currently, $1 is saved from every barrel of oil exported if the international price is above $40 per barrel.

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