Norway's $2 trillion sovereign wealth fund is divesting from more Israeli companies due to the situation in Gaza and the West Bank. The fund, Norges Bank Investment Management (NBIM), already terminated contracts with external managers handling some Israeli investments and sold its stake in Bet Shemesh Engines Ltd., a company providing services to the Israeli armed forces. NBIM CEO Nicolai Tangen stated they expect further divestments and admitted to needing quicker oversight of Israeli investments. The decision follows a review triggered by media reports of the fund's stake in BSEL. The fund reported a 698 billion Norwegian crowns ($68.28 billion) profit for the first half of the year.

Prepared by Christopher Adams and reviewed by editorial team.