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World’s oldest wealth fund swells to record and cracks the top 3


Kuwait’s windfall abroad contrasts with its dire fiscal challenges at home, compounded by a standoff between members of the only elected parliament in the Gulf and a government whose leader is appointed by the ruling emir.

Kuwait’s government, which needs legislative authorization to withdraw from the Future Generations Fund, submitted a draft law to parliament earlier this year seeking permission to tap as much as 5 billion dinars ($16.6 billion) from it a year to help finance a spiral ..

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