Largest sovereign wealth fund in the world to review investments in Israel
The Norwegian government said on Tuesday it would review its sovereign wealth fund's investments in Israel after the country’s leading newspaper revealed it had a stake in an Israeli company that provides services to Israel’s armed forces, leading to a public outcry.
The move came after Aftenposten published an investigation on Monday saying that the $1.9 trillion fund, the largest in the world, had invested in the Israeli company, Bet Shemesh Engines, which provides jet engine parts to Israeli fighter jets that are being used in its war on Gaza.
Finance minister and former head of Nato, Jens Stoltenberg, who oversees the fund, said in a statement it was understandable that questions are being raised about the fund's investments in the Israeli company, given that the fund is not supposed to invest in companies which enable states to violate international law, Verdens Gang reported on Tuesday.