Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Barrack: We call upon Druze, Bedouins, and Sunnis to put down their weapons and together with other minorities build a new and united Syrian identity building peace and prosperity with their neighbors
US Special Envoy to Syria Tom Barrack: Israeli Prime Minister Benjamin Netanyahu and Syrian President Ahmad al-Sharaa supported by the US have agreed to a ceasefire embraced by Türkiye, Jordan, and their neighbors
YAF spokesperson Brigadier General Yahya Saree: We carried out a top-tier operation targeting Ben Gurion Airport in Lydd with a Palestine 2 hypersonic ballistic missile
Israeli media: Israelis in the Gush Dan area and al-Quds were asked to enter shelters immediately
Sirens sound in Tel Aviv and occupied al-Quds after a missile was launched from Yemen
Sheikh Qassem: We are ready to defend ourselves if 'Israel' attacks us in a way that we believe calls for us to defend ourselves
Sheikh Qassem: "Israel" will never be handed over our weapons
Sheikh Qassem: He who refuses so and accepts humiliation, that is their own business, but for us, we will not accept humiliation. We have made great sacrifices, and our strength has helped us achieve this result
Sheikh Qassem: Be patient with the issue of exclusivity of arms with the state in the face of the great danger that will not spare Lebanon; let us speak with one voice and work for the sake of priority
Sheikh Qassem: Lebanon faces three real dangers: 'Israel', ISIS tools on the eastern border, and US tyranny

Pressure growing on Norway's wealth fund over Israeli investments

  • By Al Mayadeen English
  • Source: Agencies
  • 1 May 2024 18:32
4 Min Read

Universities and fund managers throughout the world have been pressured to divest as the war enters its seventh month and the Israeli aggression continues. 

  • x
  • Norway's wealth fund in hot water over
    Norway's Prime Minister Jonas Gahr Store speaks during the World Leaders Summit of the COP26 UN Climate Change Conference in Glasgow, Scotland, November 2, 2021. (AFP)

As the war on Gaza rages on, pressure is mounting on Norway's $1.6 trillion wealth fund to reconsider the terms based on which it invests in the Israeli occupation with many non-governmental organizations and MPs asking for complete divestment on Tuesday.

In December 2022, the Israeli Channel 12 news outlet reported that Norway's sovereign wealth fund was considering halting its investments in apartheid "Israel" over illegal settlements in the occupied territories. 

The fund's ethical board is already looking into whether Israeli firms in which it has shares violate its permissible investment standards due to the war. However, opponents argue that this falls short since fund proposals often take months, if not years, to realize.

Universities and fund managers throughout the world have been pressured to divest as the war enters its seventh month and the Israeli aggression continues. 

This includes the world's largest sovereign wealth fund, which owned stakes of 15 billion crowns ($1.36 billion) in 76 Israeli enterprises by the end of 2023, including real estate, banking, energy, and telecoms.

They comprised 0.1% of the fund's total investments.

Line Khateeb, leader of the NGO Palestine Committee in Norway, told Reuters outside the parliament that divesting is crucial to end the genocide since the Israeli economy is "dependent on international investments and support from the United States."

Pro-Palestinian protesters stood behind Khateeb, some holding placards that read: "Deinvest Now!!", while the parliament's finance committee held a hearing on the fund's actions in 2023. 

Left-wing MP Kari Elisabeth Kaski questioned the finance minister and fund officials about why the fund's ethical requirements had not been reinforced in light of the ongoing war.

Kaski demanded that parliament impose sanctions against "Israel" and direct the fund to totally divest from Israeli enterprises.

Related News

Abu Obeida vows knock-out strikes, taking soldiers captives

'Israel' starves Gaza: 877 aid seekers slain, 650K children face death

Ida Wolden Bache, the Norway central bank chief, stated that the existing ethical rules had been extensively evaluated and had wide political support.

Norway discourages business, trade with Israeli settlements

In March, Bloomberg reported that the Norwegian government advised its enterprises against engaging in trade and economic operations that contribute to the continued existence of Israeli settlements, reinforcing its current position.

Norwegian firms have requested preliminary guidance from authorities, the government said, after other nations sanctioned what they call "extremist settlers" for their human rights abuses against Palestinians.

According to the government, there is a risk that businesses are "contributing to violations of international humanitarian law or human rights" through their financial and business interactions in settlements.

Norway has been firm in its position that the settlements in the West Bank, including east al-Quds, violate international law, particularly humanitarian law and human rights. 

In addition, four Norwegian universities have opted to cut relations with Israeli colleges that they consider involved in the occupying regime's murderous onslaught in Gaza.

One of the universities taking action, OsloMet, has declared the end of its connections with Haifa University and committed not to enter into any new collaborations with Israeli colleges complicit in the war.

It also pledged to stop procurement contracts with vendors affiliated with the Israeli military or illegal settlements.

The University of South Eastern Norway followed suit, breaking ties with Haifa University and the Hadassah Academic College.

Following in their footsteps, the University of Bergen has terminated collaboration relations with the Bezalel Academy of Arts and Design, citing the academy's participation in providing uniforms and equipment to the Israeli occupation forces (IOF).

The Bergen School of Architecture has also joined this move, terminating its affiliation with Bezalel Academy due to its links to the IOF.

  • Norway
  • norway wealth fund
  • Israel
  • Israeli occupation
  • Palestine
  • BDS
  • BDS Movement
War on Gaza

War on Gaza

Most Read

Algerian nurse stabbed in Germany

Murder of Algerian nurse in Germany sparks outcry, demands for justice

  • Europe
  • 14 Jul 2025
Credible reports, including some from Israeli media itself, indicate that Tel Aviv had pinned its hopes on what can only be described as a delusional plan. (Al Mayadeen English; Illustrated by Batoul Chamas)

Jebraily: Iran strikes rewrote regional deterrence rules - Exclusive

  • MENA
  • 15 Jul 2025
Al-Qassam Brigades fighters confront Israeli soldiers in Beit Lahia, northern Gaza, undated (Al-Qassam Brigades Military Media)

3 Israeli soldiers killed amid Gaza battles: Israeli media

  • Palestine
  • 14 Jul 2025
Al Mayadeen: UN Palestine Inquiry members reportedly resigned

Exclusive: UN Palestine Inquiry members reportedly resigned

  • Politics
  • 15 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The US Capitol, Wednesday, July 16, 2025, in Washington (AP)
Politics

Congress set to weaken oversight on foreign US arms sales

Only quarter of Americans say Trump policies helped them: Poll
US & Canada

Only quarter of Americans say Trump policies helped them: Poll

UK charities fund Israeli settlement expansion in occupied West Bank
Palestine

UK charities fund Israeli settlement expansion in occupied West Bank

Calls grow to remove Netanyahu from High School hall of fame
Politics

Calls grow to remove Netanyahu from high school Hall of Fame

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS