Norway to review sovereign wealth fund’s Israel investments

OSLO: Norway’s government said on Tuesday it had ordered a review of its sovereign wealth fund portfolio to ensure that Israeli companies contributing to the occupation of the West Bank or the war in Gaza were excluded from investments. The review followed a report by the Aftenposten daily that said the $1.9 trillion fund had built a stake in 2023-24 in an Israeli jet engine group that provides services to Israel’s armed forces, including the maintenance of fighter jets. The fund’s investment in the Bet Shemesh Engines Ltd.

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