OSLO - Norway’s huge sovereign wealth fund,
the world’s largest, blacklisted two Israeli companies involved in
construction of colonies in occupied East Jerusalem, the country’s
finance ministry said on Thursday.
The ban on investing in the
firms revived a three-year prohibition on them that the Government
Pension Fund of Norway had dropped in August last year.
The companies are Africa Israel Investments, an Israeli real estate developer, and its construction subsidiary Danya Cerbus.
- The ministry cited the company’s alleged “contribution to serious violations of individual rights in war or conflict through the construction of colonies in Occupied East Jerusalem,” a territory where Israel’s claims are not recognised by the international community.
Norway’s sovereign wealth fund is fed by the
country’s oil surplus. It is worth an estimated $818 billion (Dh3,005
billion) according to the SWF Institute, a body that tracks such funds.
As well as resuming the
Israeli firm blacklisting, Norway suspended a restriction on the fund
buying bonds issued in Myanmar, leaving only North Korea, Iran and Syria
on the list of countries ineligible for investment.
Source: Agencies
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