The Norwegian Oil Fund (Oljefondet) has invested in the Israeli company Next Vision, which produces drone cameras used by the Israeli military (IDF). Since the start of the Gaza war in October 2023, the company’s stock has surged by nearly 500%, and its chairman confirmed that the war has driven increased demand for their products.
At the end of 2023, the Oil Fund owned 1.2% of Next Vision, valued at 184 million NOK.
The company sells to the Israeli military and other defense firms, including Uvision (maker of “suicide drones”) and Elbit, a company previously blacklisted by the Oil Fund in 2009.
Chairman Chen Golan openly admitted that war boosts sales, although he acknowledged this as “unfortunate but true”.
There are numerous reports of Israeli drones attacking civilians in Gaza. It’s unknown whether Next Vision’s cameras were used in these attacks.
In response to recent criticism, the Norwegian government has requested a new review of the Oil Fund’s investments in Israeli companies.
The Oil Fund is prohibited by ethical guidelines from investing in companies contributing to violations of international law. Neither the Fund nor Next Vision has responded to recent media inquiries.
Support Dawat Media Center
If there were ever a time to join us, it is now. Every contribution, however big or small, powers our journalism and sustains our future. Support the Dawat Media Center from as little as $/€10 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you
DNB Bank AC # 0530 2294668
Account for international payments: NO15 0530 2294 668
Vipps: #557320
Key points and findings * Dates are a rich source of Al-Argentine amino acid…
Iran is not merely a vertical structure of power; it is a geostrategic nexus with…
KABUL, AFGHANISTAN — A significant and bloody escalation along the disputed Durand Line has pushed Afghanistan…
TEHRAN, Iran – Iran’s state media confirmed early Sunday that Supreme Leader Ayatollah Ali Khamenei was…
Archaeologists have uncovered fragments of stitched animal hide dating back approximately 12,000 years, potentially making…
KABUL, Afghanistan — In a dramatic and dangerous escalation of hostilities, Afghanistan's Taliban-led Ministry of Defense…