Published on Friday, 31 January 2014 09:43 AFP Norway's huge sovereign wealth fund, the world's largest, blacklisted two Israeli companies involved in construction of settlements in East Jerusalem , the country's finance ministry said Thursday. The ban on investing in the firms revived a three-year prohibition on them that the Government Pension Fund of Norway had dropped in August last year. The companies are Africa Israel Investments , an Israeli real estate developer, and its construction subsidiary Danya Cerbus . The ministry cited the company's alleged "contribution to serious violations of individual rights in war or conflict through the construction of settlements in East Jerusalem ," a territory where Israel's claims are not recognized by the international community. Norway's sovereign wealth fund is fed by the country's oil surplus. It is worth an estimated $818 billion according to the SWF Institute , a body that tracks such funds. As well as resuming the Israeli firm blacklisting, Norway suspended a restriction on the fund buying bonds issued in Myanmar , leaving only North Korea , Iran and Syria on the list of countries ineligible for investment.
Most Popular Stories
- Major Phone Makers Sign Anti-Phone-Theft Pledge
- India Recognizes Transgender People as 'Third Gender'
- 'Beige Book' Federal Reserve Survey, April 2014: Full Text
- Michael Bloomberg Takes Aim at the NRA
- Brands Get Caught in Bitter-Tweet Traps
- U.S. Job Market Still Needs Fed Stimulus: Yellen
- Dems in Energy States Back Away From Obama
- Depp, Pfister Are Tech Philosophers
- Man Arrested After Driving Stolen Car to Court Hearing
- U.S. Housing Starts up in March After Bitter Winter