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Norway’s Wealth Fund Reports $30 Billion Third-Quarter Loss
A view shows the building of Norway’s central bank (Norges Bank) in Oslo, Norway, June 23, 2022. REUTERS/Victoria Klesty OSLO, October 22 (Saudi Arabia Breaking News) - Norway’s sovereign wealth fund reported a third-quarter loss of 278 billion Norwegian crowns ($29.71 billion) on Thursday, as rising interest rates weighed on its fixed-income investments. The $2.3 trillion fund recorded a return of minus 0.5% on its global portfolio during the quarter. Deputy Chief Executive
8 hours ago1 min read


Norwegian Commission Proposes Allowing Wealth Fund to Invest in Excluded Defence Companies
Norway's Finance Minister Jens Stoltenberg is seen in Oslo, Norway, September 9, 2026. REUTERS/Leonhard Foeger RIYADH, October 15 (Saudi Arabia Breaking News) - A government-appointed commission recommended on Thursday that Norway allow its $2.3 trillion sovereign wealth fund to invest in certain Western defence companies currently excluded over their involvement in nuclear weapons production. The proposed change could permit investments worth tens of billions of dollars if a
Oct 152 min read


Norway Announces Additional 125 Million Crowns in Aid for Palestinians
Norway Announces Additional 125 Million Crowns in Aid for Palestinians OSLO, September 24, 2026 (Saudi Arabia Breaking News) — Norway will provide an additional 125 million Norwegian crowns ($13.17 million) in aid for Palestinians through the United Nations and the World Bank, its government said on Thursday. The funding includes support for the Palestinian public sector budget. Foreign Minister Espen Barth Eide said the need for international assistance was “greater than eve
Sep 241 min read


Norwegian Palace Reveals Ship-Shaped Olivine Sarcophagus for King Harald V
The CO2-absorbing rock is a 'symbol of King Harald and Queen Sonja's love of nature and their concern for future generations', the palace said© Ole Berg-Rusten OSLO, September 18, 2026 (Saudi Arabia Breaking News) — Norway’s Royal Palace revealed on Friday the ship-shaped olivine sarcophagus in which King Harald V was laid to rest following his funeral in Oslo. King Harald passed away on August 28 at the age of 89. His funeral took place on September 9, but details of his fin
Sep 182 min read


Madshus proposes ending ski production in Norway, putting 32 jobs at risk
Photo: Vegard Wivestad Grøtt / NTB, NTB BIRI, Norway, September 15, 2026 (Saudi Arabia Breaking News) — Madshus has proposed ending ski production at its Biri factory and moving manufacturing to the Czech Republic, putting 32 jobs at risk as the Norwegian ski maker seeks to stem losses. The board’s proposal was presented to employees on Monday. A final decision is expected within weeks, following discussions with workers and union representatives, chief executive Torstein Myk
Sep 152 min read


Norway proposes ban on trade with Israeli settlements
Norway proposes ban on trade with Israeli settlements OSLO, September 15, 2026 (Saudi Arabia Breaking News) — Norway has proposed banning imports from and exports to Israeli settlements in occupied Palestinian territory, including East Jerusalem, under draft legislation open for public consultation until September 19. The proposal, published by the foreign ministry on June 19, would make violations punishable by fines, up to three years in prison, or both. Negligent violation
Sep 152 min read


Norway’s Princess Astrid Passes Away at 94, Two Days After King Harald’s Funeral
Norway’s Princess Astrid Passes Away at 94, Two Days After King Harald’s Funeral OSLO, September 11 (Saudi Arabia Breaking News) - Norway’s royal palace announced that Princess Astrid passed away on Friday at the age of 94, two days after she attended the funeral of her younger brother, King Harald. Wednesday’s funeral was the princess’s last public appearance. Harald passed away last month aged 89, following a reign of more than 35 years. "Throughout her long life, Princess
Sep 111 min read


Qatari Emir, Norwegian PM Discuss Palestinian Cause in Phone Call
Qatari Emir, Norwegian PM Discuss Palestinian Cause in Phone Call DOHA, Sept. 7 (Saudi Arabia Breaking News) — Qatar's Emir Sheikh Tamim bin Hamad Al Thani and Norwegian Prime Minister Jonas Gahr Støre discussed developments in the Middle East, with particular focus on the Palestinian cause, during a phone call, the Qatar News Agency reported. The two leaders also addressed international efforts aimed at achieving peace, security, and stability in the region. They further rev
Sep 71 min read


Saudi Crown Prince Offers Condolences to King Haakon VIII After King Harald V’s Death
Saudi Crown Prince Offers Condolences to King Haakon VIII After King Harald V’s Death RIYADH, August 29 — His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, offered his condolences to King Haakon VIII of Norway following the death of King Harald V of Norway, the Saudi Press Agency reported. The Crown Prince expressed his deepest condolences and sincere sympathy to King Haakon VIII and King Harald V’s family. He also wished th
Aug 291 min read


Norway’s King Haakon VIII Takes the Role He Once Struggled to Accept
Norway's Crown Prince Haakon arrives for the gala dinner in the Hall of State at the Royal Palace as part of the celebrations for Sweden's King Carl Gustaf's 80th birthday, in Stockholm, Sweden, April 30, 2026. Christine Olsson/TT News Agency/via REUTERS OSLO, August 28 (Saudi Arabia Breaking News) — Haakon VIII became Norway’s king on Friday following the death of King Harald V, assuming a public role he spent years struggling to accept. He is the country’s fourth monarch si
Aug 282 min read


Norway’s King Harald V Dies at 89
Norway’s King Harald V Dies at 89 RIYADH, August 28 (Saudi Arabia Breaking News) - Norway’s King Harald V, who brought greater openness to the country’s monarchy during more than three decades on the throne, died on Friday at the age of 89, the royal palace said. “King Harald passed away peacefully at Oslo University Hospital on Friday 28 August, 0635 (local time, 0435 GMT).” Harald had been admitted to hospital on August 17 and was receiving treatment for a bacterial infecti
Aug 282 min read
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