Norway's sovereign wealth fund, managing oil and gas profits, has divested from 11 Israeli companies due to the ongoing humanitarian crisis in Gaza. The decision, announced Monday, reduces the fund's Israeli holdings and simplifies investment management. The fund cited the worsening situation in the West Bank and Gaza as the reason, stating they are strengthening due diligence processes. While the specific companies weren't named, the fund previously sold holdings in other Israeli firms last fall due to ethical concerns. This move follows the fund's decision to bring the management of Israeli investments in-house.

Prepared by Rachel Morgan and reviewed by editorial team.