Norway's $2 trillion fund is divesting from 11 of 61 Israeli firms and reviewing other investments; the Norwegian finance minister commends its prompt action. Norway's $2 trillion sovereign wealth fund , the world's largest, has decided to withdraw investments from certain Israeli companies and end contracts with Israeli asset managers . This move is due to the current situation in Gaza and the West Bank . The newspaper, The Aftenposten , disclosed that the fund invested in Bet Shemesh Engines , an Israeli company specializing in the production of components for fighter jet engines . Aftenposten is Norway's biggest printed newspaper by circulation. The fund maintains holdings in 61 Israeli companies , predominantly those included within its benchmark index . However, 11 of these companies are unlisted and fall outside the index parameters. Under public pressure, the fund's management announced last week that it would quickly...
Shujaat Hussain Abbasi, a former student of the Mass Communication Department at Sindh University, has developed this news blog.