web analytics
April 19, 2015 / 30 Nisan, 5775
At a Glance
News & Views
Sponsored Post


Norway Orders Divestment from 2 Israeli Firms

By: JTA

Norway’s government instructed a state-run pension fund not to invest in two Israeli firms because of their activity in eastern Jerusalem.

The decision regarding the Government Pension Fund Global, or GPFG, appeared Thursday on the website of Norway’s finance ministry. It named two Israeli construction firms, Africa Israel Investments and Danya Cebus, as well as Sesa Sterlite, an Indian mining company it banned because of alleged environmental risks.

The companies had previously been excluded from GPFG, a $810 million pension fund, for settlement building in Judea and Samaria. The ban was lifted in August, but was reinstated because of the companies’ activities in eastern Jerusalem.

“On the 1st of November 2013, the Ministry of Finance received a recommendation from the Council of Ethics to exclude the companies Africa Israel Investments and Danya Cebus from the Fund due to contribution to serious violations of individual rights in war or conflict through the construction of settlements in East Jerusalem,” the announcement read.

In a statement to Reuters, Africa Israel said it abided by the laws of the countries where it operated.

“Africa Israel and its subsidiaries operate both in Israel and all over the globe promoting their business activities according to the legislation applicable in all countries where they operate,” its spokeswoman, Dalia Azar-Malimovka, told the news agency. “Therefore, we can only express regret over the decision regarding Africa Israel and other major Israeli companies.”

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

2 Responses to “Norway Orders Divestment from 2 Israeli Firms”

  1. I will not invest any money in a vacation in Norway.

Comments are closed.

Current Top Story
US has no problem with Egypt's bombing hundreds of homes of Gaza civilians but can't stand to see Israel destroy a terrorist's home.
Gaza: Egypt Responsible For Weapons Shortage
Latest News Stories
U.S. President Barack Obama

Obama to maintain phased-in sanctions relief pegged to compliance; he’ll give Iran a huge signing bonus instead!

Jerusalem Mayor Nir Barkat at the scene where a Shalom Yochai Sherki was killed and Shira Klein was injured when an Arab crashed his car crashed into a bus station at the French Hill junction in Jerusalem on April 15.

She is unconscious and on a respirator at Hadassah Ein Karem hospital.

Philanthropist A. Alfred Taubman died on Friday at the age of 91.

Alfred Taubman, who helped shopping in the United States by developing malls, died of a heart attack while at home on Friday, He was 91. Taubman was known for philanthropy, especially in his native Michigan, where was a large contributor to the Detroit Institute of Arts. “Al Taubman changed the way America shops. But his […]

S300

In the past, both Russia and Israel stopped their weapons sales to avoid excess friction between the countries. Not anymore.

Prime Minister Benjamin Netanyahu and his wife Sara visited on Saturday night the grave of Yoni Netanyahu, the leader and lone IDF casualty in the rescue mission at Entebbe in 1976. They visited the grave at the Mt. Herzl Cemetery at night instead of on Remembrance Day for the Fallen of Israel’s Wars this week […]

Is Afghanistan becoming another country that US has made safe for the Islamic State?

This could be a lead-up to a joint ground operation in Yemen against the Iranian backed Houthis.

Netanyahu’s “humanitarian considerations” are a euphemism for political considerations.”

The hackers used easily downloadable, but sophisticated, hacking tools to do the job, rather than requiring any in-house technical knowledge.

The wannabe terrorist wanted to be arrested more than he actually wanted to stab the soldier.

Israeli workers raise a large Star of David (Magen David) onto the “Harp Bridge” at the entrance of Jerusalem on April 17, 2015, in honor of Israel’s upcoming Israel’s Memorial Day and the 67th Independence Day. Israel will mark its 67th Independence Day on April 22, 2015.

First thwarted at the Israeli polls, now V15 funder’s “healthy” bars are also losers.

She had many names and was many things to many people, but to me she was just Babineni.

The EU wants to label Settler products. Liberman want to remind them of the last time they labeled Jews.

A pro-BDS professor at Sydney University may face disciplinary action over his conduct at lecture where anti-Israelis disrupted a speech by retired British Col. Richard Kemp, who has often praised  the IDF for its morality while fighting terror. The university issued a “show cause” letter to Prof. Jake Lynch, according to The Australian. Jewish students […]

Liberman is adamantly insisting on receiving the Ministry of Foreign Affairs, but Netanyahu wants Liberman to step back and take something else.

More Articles from JTA

More than 20 cars and buildings in a Jewish community in north London were vandalized with swastikas. The Nazi symbol was drawn on approximately 27 cars in the Osbaldeston Road area of Stoke Newington on Sunday night, The Daily Mail reported. An unnamed 32-year-old man was arrested in connection with the vandalism Tuesday. The neighborhood […]

New York State Assemblyman Dov Hikind called on the Jewish community to attend the funeral of an assassinated New York police officer. “The brave men and women of the NYPD risk their lives every day to protect us. We value them and stand with them,” Hikind, a Democrat who represents Brooklyn, said in a statement […]

“Move Jew” scrawled on a Philadelphia home and slurs written on a synagogue and 10 garages in Chicago.

The Nazis nearly destroyed the 17th synagogue.

Cuba has “the largest pool of untapped baseball talent in the world, and Major League Baseball may tap and leave Cuba dry.

Argentina’s president Christina Fernandez has accepted an official Jewish godson for the first time in the country’s history to help counter legend of death to a seventh son. She described in seven tweets her meeting with her new godson, Yair Tawil, a member of a Chabad-Lubavitch family. He was adopted as a godson under a […]

A fundraising campaign started quietly by two first graders two years ago to help find a cure for a rare genetic disease just passed the $1 million mark.

Printed from: http://www.jewishpress.com/news/breaking-news/norway-orders-divestment-from-2-israeli-firms/2014/02/01/

Scan this QR code to visit this page online: