Norway’s sovereign wealth fund profits from Israeli holdings amid genocide

The value of Norway’s sovereign wealth fund’s investments in Israeli companies has increased, prompting ethical concerns among campaign groups and charities as the war in Gaza continues.The fund, the world’s largest, cut its Israeli holdings from 61 to 29 companies last year, citing “the serious humanitarian crisis” in Gaza.Recommended Stories list of 4 itemslist 1 of 4How has Israel hit back against sanctions by the UK, others?list 2 of 4Advocates decry US House vote to defund universities that boycott Israellist 3 of 4Adidas faces boycott calls over campaign featuring former Israeli soldierlist 4 of 4UK bans goods from Israeli West Bank settlements: What that really meansend of listAlthough it has made no new investments in Israeli firms since, returns from its remaining holdings reached $2.4bn in the first half of 2026 – a rise of 15.7 percent since the end of 2025.The fund “represents enormous economic and political power”, Rami Samandar, head of Norway’s Palestine Committee, told Al Jazeera. “When Norwegian public capital is invested in companies whose activities contribute to Israel’s military aggression, the occupation and the infrastructure that sustains it, are very proble...