From Palestine Chronicle Staff 
Mr McGrath stressed that the sale would take place “as soon as possible” in the coming weeks.
Irish Finance Minister Michael McGrath announced on Friday that the Irish Strategic Investment Fund (ISIF) would be divested from six Israeli companies due to their involvement in the occupation of Palestinian territory.
Mr McGrath said the National Financial Management Authority (NTMA) had confirmed the divestment from certain companies in ISIF's global equity portfolio.
Divestment campaign has begun 👏👏
Ireland plans to sell Israeli stake
hapoalim bank
Bank Leumi-le Israel
israel discount bank
Mizrahi Tefahot Bank Ltd.
Daiichi Kokusai Bank
Rami Levi CN Stores One of Israel's leading supermarket chains.
more pic.twitter.com/e9bDcFdppZ— Abiel (@abierkhatib) April 6, 2024
“We have been informed by the NTMA that it has decided to withdraw from ISIF’s global portfolio investments in companies with certain activities in the Occupied Palestinian Territories,” McGrath said in a statement.
The decision means that six companies, including major banks such as Hapoalim Bank, Leumi al-Israel Bank, Israel Discount Bank, Mizrahi Tefahot Bank, First International Bank and Rami Levy, will be responsible for a total of 2.95 million euros ($3.2 million) worth of loans. reportedly related to the company's shareholding. CN store.
Mr McGrath stressed that the sale would take place “as soon as possible” in the coming weeks.
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He also said that ISIF will continue to consider the alignment of investments within investment parameters and commercial objectives.
Last month, Ireland, along with Spain, Malta and Slovenia, began steps towards recognition of a Palestinian state in the West Bank and Gaza Strip.
Gaza massacre
Israel, currently on trial at the International Court of Justice for genocide against the Palestinian people, is waging a devastating war against Gaza.
According to the Gaza Ministry of Health, 33,173 Palestinians have been killed and 75,815 injured in the Israeli massacre in Gaza, which has continued since October 7.
Additionally, at least 7,000 people are believed to be missing and dead under the rubble of their homes across the Strip.
Palestinian and international organizations say the majority of casualties are women and children.
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The Israeli invasion has also resulted in the displacement of nearly 2 million people from across the Gaza Strip, with the majority of those displaced being forced into Rafah, a densely populated southern city near the border with Egypt, which is part of Palestine. It is the maximum. It was the first mass exodus since the Nakba in 1948.
Israel announced that 1,200 soldiers and civilians were killed in the October 7 Al-Aqsa flood operation. Israeli media published reports that day suggesting that many Israelis were killed in “mutual fire.”
(PC, Anadolu)
