The world’s largest sovereign wealth fund, Norges Bank Investment Management, announced late Monday that it has removed five Israeli banks and US-based Caterpillar from its portfolio, Anadolu reports.
The fund’s executive board said it decided to divest from First International Bank of Israel and its holding company FIBI Holdings, Bank Leumi, Mizrahi Tefahot Bank, Bank Hapoalim and Caterpillar.
The decision was made due to “an unacceptable risk that the…
Continue Reading
News Source: www.middleeastmonitor.com
Leave a Reply