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Friday, December 05, 2025 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "Israeli banks" (2 articles)

People run for cover following an Israeli strike that targeted a building in the Bureij camp in the central Gaza Strip Sunday.
Region

Renewed violence in Gaza threatens ceasefire

Israel launched dozens of deadly strikes in Gaza Sunday, after accusing the resistance group Hamas of attacking its troops, in the worst violence since the start of a ceasefire nine days ago.Gaza's civil defence agency, which operates under Hamas authority, said at least 33 people had been killed across the territory.Hamas denied the accusations, with one official accusing Israel of fabricating "pretexts" to resume the war.In a separate statement, the Israeli military said two of its soldiers "fell during combat in the southern Gaza Strip".A security official said that Israel was also suspending the entry of aid into Gaza, blaming "Hamas's blatant violations" of the ceasefire.Israel repeatedly cut off aid to the territory during the war, exacerbating dire humanitarian conditions, with the United Nations saying it caused a famine in northern Gaza.The truce in the Palestinian territory, brokered by US President Donald Trump and taking effect on 10 October, brought to a halt more than two years of devastating war between Israel and Hamas.Palestinian witnesses said clashes erupted in the southern city of Rafah in an area still held by Israel.A statement from Izzat al-Rishq, a member of Hamas's political bureau, reaffirmed the group's commitment to the ceasefire and said Israel "continues to breach the agreement and fabricate flimsy pretexts to justify its crimes".Hamas's armed wing insisted on Sunday that the group was adhering to the ceasefire agreement with Israel and had "no knowledge" of any clashes in Rafah.Israel resumes ceasefireThe Israeli military said Sunday it had resumed enforcing a ceasefire in Gaza after carrying out dozens of strikes on Hamas targets earlier in the day. "The IDF has begun the renewed enforcement of the ceasefire," the military said in a statement."The IDF will continue to uphold the ceasefire agreement and will respond firmly to any violation of it."

Pro-Palestinian and climate change activists block the entrances of the Norwegian central bank, which houses the offices of the sovereign wealth fund, in Oslo, Norway, on Friday. Reuters
Region

World's largest wealth fund divests 5 Israeli banks

Norway's $2tn wealth fund, the world's largest, has divested from US construction equipment group Caterpillar and from five Israeli banking groups on ethics grounds. The five banks are Hapoalim, Bank Leumi, Mizrahi Tefahot Bank, First International Bank of Israel and FIBI Holdings, the fund said in a statement. The six groups were excluded "due to an unacceptable risk that the companies contribute to serious violations of the rights of individuals in situations of war and conflict," said the fund, which is operated by Norway's central bank. The companies did not immediately reply to requests for comment. The Israeli embassy in Oslo declined to comment. Prior to its divestment, the fund held a 1.17% stake in Caterpillar valued at $2.1bn as of June 30, its records showed. The stakes in the five Israeli banks were valued at a combined $661mn, also as of June 30, according to fund data. The news was announced when the Tel Aviv and New York stock exchanges were closed. Shares in Caterpillar were down 0.4% in pre-market trading at $430.61 per share Tuesday. FIBI Holdings shares were up 4%, putting them on course for their best day since early 2024. Hapoalim's stock was up 3.3% and Bank Leumi, Mizrahi Tefahot Bank, and First International Bank of Israel were between 1.8% and 2.8% better off. The fund's ethics watchdog, called the Council on Ethics, said that "in the council's assessment, there is no doubt that Caterpillar's products are being used to commit extensive and systematic violations of international humanitarian law". Bulldozers manufactured by Caterpillar "were being used by Israeli authorities in the widespread unlawful destruction of Palestinian property," it said. The violations were taking place both in Gaza and the West Bank, the council said, adding that "the company has also not implemented any measures to prevent such use". "As deliveries of the relevant machinery to Israel are now set to resume, the council considers there to be an unacceptable risk that Caterpillar is contributing to serious violations of individuals’ rights in war or conflict situations." The council, a public body set up by the Ministry of Finance, checks that firms in the portfolio of the fund meet ethical guidelines set by Norway's parliament. The fund is invested in some 8,400 companies worldwide. It makes recommendations to the board of the central bank, which has the final say. The board agreed with the council's recommendation. The Norwegian fund said on August 18 that it would divest from six companies as part of an ongoing ethics review over the war in Gaza and developments in the West Bank, but declined at the time to name any groups until the stakes were sold. On the banks, the ethics watchdog initially scrutinised the Israeli banks' practice of underwriting Israeli settlers' housebuilding commitments in the region. On Monday, the council said that all the banks excluded had, "by providing financial services that are a necessary prerequisite for construction activity in Israeli settlements in the West Bank, including East Jerusalem ... contributed to the maintenance of Israeli settlements". Around 700,000 Israeli settlers live among 2.7mn Palestinians in the West Bank and East Jerusalem. Many settlements are adjacent to Palestinian areas and some Israeli firms serve both Israelis and Palestinians. The United Nations' top court last year found that Israeli settlements built on territory seized in 1967 were illegal, a ruling that Israel called "fundamentally wrong", citing historical and biblical ties to the land.