World’s Largest Sovereign Wealth Fund Takes Action Against Tel Aviv
The webangah News Agency English Service, citing Mehr News Agency and Shihab, reports that NorwayS National Wealth Fund-the world’s largest sovereign wealth fund-has announced it is selling its investments in 11 Israeli companies. This decision follows revelations about the fund’s stakes in an Israeli aircraft engine manufacturer amid the ongoing Gaza conflict.
Nikolai Tangen, head of investments at Norges Bank which manages the fund, described this move as exceptional. He called the situation in Gaza a severe humanitarian crisis.
Tangen added that investments in Israel’s Elbit Systems have been divested and indicated plans to withdraw from more companies active in the occupied territories.
Earlier reports from the Hebrew-language Jerusalem Post revealed that France has halted visa renewals for security personnel of Israel’s El Al Airlines serving diplomatic missions in Paris.
