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Norway fund blacklists Israeli firms with settlement ties

Jan. 30, 2014 10:16 P.M. (Updated: Feb. 1, 2014 8:13 P.M.)
OSLO (AFP) -- Norway's huge sovereign wealth fund, the world's largest, blacklisted two Israeli companies involved in construction of settlements in annexed East Jerusalem, the country's finance ministry said on Thursday.

The ban on investing in the firms revived a three-year prohibition on them that the Government Pension Fund of Norway had dropped in August last year.

The companies are Africa Israel Investments, an Israeli real estate developer, and its construction subsidiary Danya Cerbus.

The ministry cited the company's alleged "contribution to serious violations of individual rights in war or conflict through the construction of colonies in Occupied East Jerusalem," a territory where Israel's claims are not recognized by the international community.
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