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OSLO, Sept. 19 (Xinhua) -- Norway's sovereign wealth fund on Tuesday hits 1 trillion U.S. dollars in value for the first time, the fund said in a statement.
A strengthening of the world's major currencies against the U.S. dollar cheap nike air max 90 kpu , combined with strong equity markets, have rapidly increased the dollar value of the fund in 2017, it said.
The fund is formally known as the Government Pension Fund Global (GPFG) and ranked as the world's biggest sovereign wealth fund.
"I don't think anyone expected the fund to ever reach 1 trillion dollars when the first transfer of oil revenue was made in May 1996," said Yngve Slyngstad cheap nike air max 90 glow , Chief Executive Officer in Norges Bank Investment Management, which is the part of the Norwegian central bank responsible for managing the fund.
"Reaching 1 trillion dollars is a milestone, and the growth in the fund's market value has been stunning," he added.
Senior CPC official says stable ties vital to reform of China cheap nike air max 90 off white , Vietnam
Contest for China Acrobatics Golden Chrysanthemum Awards held in Shandong
Folk dance event held during BRICS cultural festival in Xiamen
China to build cross-provincial national park for giant panda
China to build cross-provincial national park for giant panda
Aerial view of paddy fields in SW China's Guizhou
Special snacks displayed during 14th China-ASEAN Expo
Scenery of paddy fields in Baicheng, NE China's Jilin
BAKU, April 17 (Xinhua) -- The expansion of regional cooperation in the railway transport was one of the major topics of the two-day Economic Cooperation Organization's railway authorities meeting that opened in Baku Monday.
The 13th meeting of the Heads of ECO Railway Authorities was launched here along with the 7th Meeting of Railway Committee of ECO Transit Transpor. J.J. Watt Jersey James Conner Womens Jersey Derek Carr Womens Jersey Dak Prescott Youth Jersey Christian McCaffrey Youth Jersey Carson Wentz Youth Jersey Calvin Ridley Youth Jersey Baker Mayfield Kids Jersey Antonio Brown Kids Jersey Alvin Kamara Kids Jersey |
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