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. Although 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.
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