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A branch of Israel’s Bank Leumi. Photo: Reuters / Nir Elias / File.
New Zealand’s sovereign wealth fund divested from five Israeli banks on Wednesday, citing their alleged funding of Israeli settlements in the West Bank as the reason, and drawing sharp criticism for focusing on the Jewish state while ignoring the world’s major abusers of human rights.
In a statement, The Guardians Board of New Zealand Super Fund (NZSF) which manages assets in excess of $36 billion (US) said they had “excluded five Israeli banks on responsible investment grounds.”
“There is credible evidence that the excluded companies provide project finance for the construction of Israeli settlements in the Occupied Palestinian Territories, which is an integral aspect of settlement construction,” the statement asserted. “We believe that without the banks’ involvement the settlement activity would not be proceeding at the scale seen in recent times.”
GTR
Mena event returned (virtually) on February 15-17, to reflect on an eventful year for global trade and developments in the Middle East and North Africa.
The event saw players from across the trade ecosystem join to discuss a wide range of topics, from building back trade resilience post-pandemic to the growing focus on ESG in the industry, the rise and rise of digitisation, and the opportunities and challenges brought about by the shifting political landscape.
In this post-conference wrap-up, we bring together some of the main takeaways and key insights.
Surviving and thriving in the face of myriad challenges
U.S.-Israeli data analytics firm Personetics said on Tuesday it had raised $75 million in a private funding round led by private equity firm Warburg Pincus LLC.
Dubai: Possibilities for two-way investment flows will be looked into at depth at the first all-virtual UAE-Israel Business Leaders Summit, which runs from December 14-16.
The aim of the conference is to advance – and speed up - dialogue between businesses in the two countries, as they look at opportunities created by the Abraham Accords, and lay the groundwork for collaboration across sectors. The event is hosted by
‘Gulf News’ and
‘TheMarker’, the Israeli business newspaper owned by Haaretz.
The summit will be held online and broadcast on their websites. The speakers will include business figures and senior government officials of the two countries, participating in panels mediated by leading editors from the two news groups. (For registrations, please visit: www.uae-israel-summit.com/home The registration is free of charge.)