Bahrain saves $345m for future generations

The Government of Bahrain has revealed that the saving for the future generations reached 345 million U.S. dollars by the end of 2012, according to Al Ayam newspaper Saturday. This was revealed in a letter sent by the government to the parliament to answer inquiry by some parliamentarians, in which the letter highlighted that the saving increased by 62 million dollars in one year as it reached 283 million dollars by the end of 2011. The main income of the fund that was formed in 2006 is the allocation of 1 dollar from each exported barrel of crude oil that is sold for more than 40 dollars. The savings are invested in various projects.