Norway’s Wealth Fund Divests from Israeli Company Bezeq Over West Bank Operations.

Oslo: Norway's sovereign wealth fund has announced it is divesting from Israeli company Bezeq, due to its provision of telecommunications services to colonies in the occupied West Bank. The decision by the world's largest sovereign wealth fund comes late Tuesday after its ethics board adopted a new, stricter interpretation of ethical standards for companies that aid the occupation in its aggression against the occupied Palestinian territories. According to Palestine News and Information Agency - WAFA, the Norwegian fund's ethics board stated in its recommendation to divest that Bezeq's operations involved a physical presence in the West Bank colonies and providing telecommunications services, thereby facilitating the maintenance and expansion of these settlements, which are considered illegal under international law. The board emphasized that the company's actions contribute to the violation of international law. The ethics board acknowledged that Bezeq also provides telecommunications services to Palestini an areas in the West Bank. However, it stressed that this does not negate the company's involvement in servicing the colonies. The board's recommendations will be submitted to the board of directors of the Norwegian Central Bank, which holds the authority to make the final decision on the divestment.