Norway's Sovereign Wealth Fund Under Scrutiny for Israeli Military Ties

Norway's $1.9 trillion sovereign wealth fund, the largest in the world, is under intensified scrutiny regarding its investments in Israeli companies. This comes in the wake of global calls from pro-Palestinian activists for divestment following the Gaza conflict, which has been marked by tragic loss of life.

The fund's ethics watchdog is now considering whether companies servicing Israeli fighter jets should be assessed for possible divestment. The Norwegian government has mandated a review to ensure companies linked to the occupation of the West Bank or the Gaza hostilities are excluded from the fund's portfolio.

Finance Minister Jens Stoltenberg convened a meeting with key figures, emphasizing the importance and urgency of the review. As the ethics council examines the fund's stake in Bet Shemesh Engines Ltd, which supports Israeli military activities, the decision on potential divestment remains pivotal for future fund direction.

(With inputs from agencies.)