The Irish government has taken out millions of euros from several Israeli firms. About 3 million euros have been pulled from the Irish Strategic Investment Fund (ISIF) global equities portfolio by the Irish National Treasury Management Agency (NTMA), according to a statement made by Yedioth Ahronot on Friday. The move to divest includes shareholdings worth a total of 2.95 million euros in 6 entities: Bank Hapoalim BM, Bank Leumi-le Israel BM, Israel Discount Bank, Mizrahi Tefahot Bank Ltd, First International Bank, and Rami Levi Chain Stores. Irish Finance Minister Michael McGrath described the measure as the "right decision." "ISIF believed that the risk profile of these investments no longer fits within its investment parameters and that the commercial objectives of these investments may be accomplished through other investments. " The decision will be implemented as soon as possible in the coming weeks," he added. Irish Labour Party leader Ivana Bacik
Shujaat Hussain Abbasi, a former student of the Mass Communication Department at Sindh University, has developed this news blog.