Israel pm says body of soldier killed in 1982 in Lebanon is repatriated
'In a special operation by the Mossad and the IDF, we have brought home the body of Sergeant Major Tzvi Feldman, who fell in the Battle of Sultan Ya'akov in June 1982 during the First Lebanon War,' the statement from Netanyahu's office said.
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Arab News
44 minutes ago
- Arab News
Saudi crown prince, Palestinian president discuss upcoming peace conference
LONDON: Saudi Crown Prince Mohammed bin Salman spoke with Palestinian President Mahmoud Abbas about the latest developments and ongoing challenges facing Palestinians and their cause during a phone call on Monday. They discussed the security and humanitarian developments in the Gaza Strip, and the crown prince condemned crimes committed against the Palestinian people, stressing the need for the international community to address the resulting humanitarian crisis and protect civilians, the Saudi Press Agency reported. Abbas praised Saudi Arabia's crucial role in garnering international support for recognizing the State of Palestine based on the pre-1967 Middle East War borders, with East Jerusalem as its capital, the Wafa news agency reported. They discussed preparations for the International Peace Conference in New York on Sept. 22, where several countries, including France, the UK, Canada, Australia, and Singapore, are set to recognize Palestinian statehood. In July, Saudi Arabia and France co-chaired a high-level UN conference to gather support for the establishment of a Palestinian state. Since Israel began military operations in Gaza after the Oct. 7, 2023 attack on southern Israel by Hamas, more than 60,000 Palestinians have been killed. Israeli settler activity in the West Bank, meanwhile, has also been condemned by members of the international community, with more countries moving away from the stance that Palestinian statehood could only be achieved through a negotiated peace with Israel. The crown prince and the Palestinian president also reaffirmed their commitment to ongoing joint coordination and enhanced Arab and international solidarity with the Palestinian people, the Wafa agency added.
Al Arabiya
2 hours ago
- Al Arabiya
Norway sovereign wealth fund drops investments in 11 Israeli firms
Norway's sovereign wealth fund said Monday that it was selling its investments in 11 Israeli companies following reports it had invested in an Israeli jet engine maker even as the war in Gaza raged. Nicolai Tangen, chief of Norges Bank Investment Management (NBIM), which manages the fund, said the decision was taken 'in response to extraordinary circumstances.' 'The situation in Gaza is a serious humanitarian crisis. We are invested in companies that operate in a country at war, and conditions in the West Bank and Gaza have recently worsened,' Tangen said in a statement. He said the move would reduce the number of Israeli companies the fund's Council of Ethics needed to supervise. Norway's wealth fund – also known as the oil fund as it is fueled by vast revenue from the country's energy exports – is the biggest in the world with a value of around $1.9 trillion, with investments in more than 8,600 companies spanning the globe. Last week, Norwegian newspaper Aftenposten reported that the fund had invested in Israeli Bet Shemesh Engines Holdings, which makes parts for engines used in Israeli fighter jets. Tangen later confirmed the reports, and said the fund had increased its stake after the Israeli offensive in Gaza began. The revelations led Prime Minister Jonas Gahr Store to ask Finance Minister and former NATO secretary general Jens Stoltenberg for a review. NBIM said it had investments in 61 Israeli companies at the end of the first six months of this year, 11 of which were not in its 'equity benchmark index' – which is set by the finance ministry and used to gauge the wealth fund's performance. NBIM added that it had decided last week that 'all investments in Israeli companies that are not in the equity benchmark index will be sold as soon as possible.' Ethical guidelines Going forward, 'the fund's investments in Israel will now be limited to companies that are in the equity benchmark index,' it said. NBIM also said that all investments in Israeli companies managed by external managers would be moved in-house, and that it was 'terminating contracts with external managers in Israel.' In addition, NBIM said the finance ministry had asked it to review 'its investments in Israeli companies, and to propose new measures that it deems necessary.' It said it initiated the review and would present its findings before an August 20 deadline. The fund also said that it had 'long paid particular attention to companies associated with war and conflict.' 'Since 2020, we have been in contact with more than 60 companies to raise this issue. Of these, 39 dialogues were related to the West Bank and Gaza,' NBIM said. It said that monitoring of Israeli companies had been intensified in the autumn of 2024, and that 'as a result, we have sold our investments in several Israeli companies.' Speaking at a press conference later Monday, Stoltenberg said he was glad Norges Bank had 'acted quickly.' 'The fund's ethical guidelines stipulate that it shall not invest in companies that contribute to violations of international law by states,' he told reporters. 'Therefore, the pension fund should not hold shares in companies that contribute to Israel's warfare in Gaza or the occupation of the West Bank,' he said. Also on Monday, Norwegian pension fund KLP said it had excluded Israeli company NextVision Stabilized Systems 'from its investments because the company supplies key components for military drones used in the war in Gaza.'
Arab News
2 hours ago
- Arab News
Saudi shipping company denies transporting shipments to Israel
RIYADH: Bahri, the Saudi National Shipping Co., has categorically denied allegations pertaining to its transportation of shipments to Israel. In a statement issued on Monday, the company said that the allegations, circulated by some media outlets and social media platforms regarding the transport of shipments destined for Israel, are completely false and baseless. Bahri called on the media to verify the accuracy of information and publish what they obtain only from official sources. Bahri reaffirmed that it is fully committed to the Kingdom's established policies toward the Palestinian cause and to all local and international laws and rules regulating maritime transport operations. The company stated that it won't transport and has never transported any goods or shipments to Israel in any form. Bahri emphasized that all its operational activities are subject to strict oversight and rigorous auditing procedures to ensure full compliance with relevant regulations. The company also stated that it reserves the right to take legal action against any malicious allegations that harm the company's reputation or attempt to undermine its policies and approach.
