A view of new buildings around the Israeli settlement Talmon B near the Palestinian town of Mazraa Al-Qibleyeh near Ramallah, in the West Bank, Nov. 20, 2024. Photo: REUTERS/Mohammed Torokman

Norway‘s parliament on Wednesday rejected a proposal to have the country’s $1.9 trillion sovereign wealth fund, the world’s largest, divest from all companies with activities in the Palestinian territories.

The minority Labour government has for months been resisting pressure from anti-Israel campaigners to instruct the fund to divest from all firms with ties to the West Bank and the Gaza Strip, and parliament had been expected to vote against.

“We have an established ethical regime for the fund,” Finance Minister Jens Stoltenberg told the chamber earlier in the day, during a debate on several aspects of the way the fund is run.

“We divest from the companies that contribute to Israel’s breach of international law, but we do not divest from all companies that are present on the ground.”

Lawmaker Ingrid Fiskaa from the small Socialist Left opposition party told the chamber: “Without Norwegian oil fund money, it would be more difficult for Israeli authorities to demolish the homes of Palestinian families.”

The United Nations’ special rapporteur on human rights in the Palestinian territories, Francesca Albanese, wrote to Stoltenberg to alert him to what she called the “structural entanglement of Israeli corporations … in the machinery of the occupation both in the West Bank, including east Jerusalem, and the Gaza Strip, and the violence that sustains it.”

“International corporations benefiting from [the Norwegian fund‘s] investments are critical components of the infrastructure sustaining the economy of the occupation,” she wrote, in a letter dated May 20.

Stoltenberg replied that the government was “confident that the investments do not violate Norway‘s obligations under international law.”

He noted that the fund follows ethical guidelines set by parliament, and that compliance is monitored by a separate body.

That watchdog has over the past year recommended divestments from Israeli petrol station chain Paz and telecoms company Bezeq and is looking at more potential divestments in Israel.

The post Norway Lawmakers Oppose Blanket Ban by Wealth Fund on Companies in Gaza, West Bank first appeared on Algemeiner.com.

Britain’s Foreign Secretary David Lammy leaves Downing Street, following the results of the election, in London, Britain, July 5, 2024. Photo: REUTERS/Toby Melville

i24 News – The United States has warned the UK and France not to unilaterally recognize a Palestinian state at a UN conference scheduled for June 17 in New York, the Middle East Eye reported Tuesday.

France and Saudi Arabia will co-host this conference on the two-state solution, with Paris reportedly preparing to unilaterally recognize Palestine. France is also pressuring London to follow this path, according to sources from the British Foreign Office.

French media reports indicate that French authorities believe they have the agreement of the British government. Meanwhile, Arab states are encouraging this move, measuring the success of the conference by the recognitions obtained.

This initiative deeply divides Western allies. If France and the UK were to carry out this recognition, they would become the first G7 nations to take this step, causing a “political earthquake” according to observers, given their historical ties with Israel. The Strategic Affairs Minister Ron Dermer threatened last week to annex parts of the West Bank if this recognition took place, according to a report in the Israeli newspaper Haaretz.

In the United Kingdom, Foreign Secretary David Lammy publicly opposes unilateral recognition, stating that London would only recognize a Palestinian state when we know that it is going to happen and that it is in view.

However, pressure is mounting within the Labour Party. MP Uma Kumaran, member of the Foreign Affairs Committee, said that the government was elected on a platform that promised to recognize Palestine as a step towards a just and lasting peace. Chris Doyle, director of the Council for Arab-British Understanding, believes that there is no legitimate reason for the United States to interfere in a sovereign decision of recognition, while highlighting the unpredictability of US President Donald Trump on this issue.

The post Washington Warns UK, France Against Recognizing Palestinian Statehood first appeared on Algemeiner.com.

A small number of Jewish worshipers pray during the priestly blessing, a traditional prayer which usually attracts thousands of worshipers at the Western Wall on the holiday of Passover during 2020, amid the coronavirus disease (COVID-19) outbreak, in Jerusalem’s Old City, April 12, 2020. Photo: Reuters / Ronen Zvulun.

i24 News – The Shin Bet security agency and Israel Police thwarted another Iranian attempt to recruit Israelis, according to a statement on Tuesday, arresting a resident of East Jerusalem for allegedly carrying out missions for the Islamic Republic.

Iranian agents recruited the suspect, who in turn recruited members of his family. He is a resident of the Isawiya neighborhood in his 30s, and is accused of maintaining contact with a hostile foreign entity to harm the state by carrying out a terrorist attack against Jews.

The suspect had already begun perpetrating acts of sabotage and espionage, including collecting intelligence about areas in Jerusalem, including the Western Wall and Mahane Yehuda Market. He also hung signs, burned Israeli army uniforms, and more in exchange for payment totaling thousands of shekels.

He was also charged with planning a terror attack in central Israel, including setting fire to a forest, and was told to transfer weapons to terrorist elements in the West Bank.

The suspect’s sought the help of family members, including his mother. A search at his home revealed sums of cash, a spray can used in some of his activities, airsoft guns, suspected illegal drugs, and more.

His indictment is expected to be filed by the Jerusalem District Attorney’s Office.

The statement said that the case is yet another example of Iranian efforts to recruit Israelis. “We will continue to coordinate efforts to thwart terrorism and terrorist elements, including those operating outside Israel, while attempting to mobilize local elements in order to protect the citizens of the State of Israel,” the Shin Bet and Police said.

The post Police, Shin Bet Thwart Suspected Iranian Attempt Perpetrate Terror Attack first appeared on Algemeiner.com.