JERUSALEM: Israeli Prime Minister Naftali Bennett told the head of Unilever on Tuesday that Israel will “act aggressively” against Ben & Jerry’s over the subsidiary's decision to stop selling its ice cream in the Israeli-occupied West Bank and contested east Jerusalem.
British consumer goods conglomerate Unilever acquired the Vermont-based ice cream company in 2000. Ben & Jerry’s said in a statement on Monday that it had informed its longstanding licensee — responsible for manufacturing and distributing the ice cream in Israel — that it will not renew the license agreement when it expires at the end of 2022.
Bennett's office said in a statement that he spoke with Unilever CEO Alan Jope about what he called Ben & Jerry’s “clearly anti-Israel step,” adding that the move would have “serious consequences, legal and otherwise, and that it will act aggressively against all boycott actions directed against its citizens.”
The announcement was one of the highest-profile company rebukes of Israeli settlements in the West Bank and east Jerusalem, territories Israel captured in the 1967 Mideast war. Most of the international community considers these settlements illegal under international law and an impediment to peace with the Palestinians.
Approximately 700,000 Israelis now live in settlements, around 500,000 in the occupied West Bank and 200,000 in east Jerusalem. Israel considers the entirety of Jerusalem its capital, while the Palestinians seek it as capital of a future state.
Ben & Jerry’s said its announcement that sale of its ice cream in territories sought by the Palestinians for an independent state was “inconsistent with our values.”
Israel's Foreign Ministry criticized the decision on Monday as “a surrender to ongoing and aggressive pressure from extreme anti-Israel groups” and said the company was cooperating with “economic terrorism.”
Avi Zinger, CEO of Ben & Jerry’s Israel licensee, told public broadcaster Kan on Tuesday that the parent company had long pressured him to cease distribution in the Israeli occupied territories, but he refused because it would violate Israeli law.
He called Ben & Jerry’s decision to not extend its license “the biggest accomplishment” of the BDS movement that advocates boycotts, divestment and sanctions of Israeli institutions and businesses in what it says is a nonviolent campaign against Israeli abuses against Palestinians.
Israeli PM vows ‘aggressive’ action over Ben & Jerry’s ban
https://arab.news/vqf7p
Israeli PM vows ‘aggressive’ action over Ben & Jerry’s ban
- Ben & Jerry’s said it will not renew the license agreement with Israel when it expires at the end of 2022
- Ben & Jerry’s said the sale of its ice cream in territories sought by the Palestinians for an independent state was “inconsistent with our values”
Closing Bell: Saudi main index closes in red at 10,947
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 208.20 points, or 1.87 percent, to close at 10,947.25.
The total trading turnover of the benchmark index was SR4.80 billion ($1.28 billion), as 14 of the listed stocks advanced, while 253 retreated.
The MSCI Tadawul Index decreased, down 25.35 points, or 1.69 percent, to close at 1,477.71.
The Kingdom’s parallel market Nomu lost 217.90 points, or 0.92 percent, to close at 23,404.75. This came as 24 of the listed stocks advanced, while 43 retreated.
The best-performing stock was Musharaka REIT Fund, with its share price up 2.12 percent to SR4.34.
Other top performers included Al Hassan Ghazi Ibrahim Shaker Co., which saw its share price rise by 1.18 percent to SR17.20, and Saudi Industrial Export Co., which saw a 0.8 percent increase to SR2.51.
On the downside, Abdullah Saad Mohammed Abo Moati for Bookstores Co. was among the day’s biggest decliners, with its share price falling 9.3 percent to SR39.
National Medical Care Co. fell 8.98 percent to SR128.80, while National Co. for Learning and Education declined 6.35 percent to SR116.50.
On the announcements front, Red Sea International said its subsidiary, the Fundamental Installation for Electric Work Co., has entered into a framework agreement with King Salman International Airport Development Co.
In a Tadawul statement, the company noted that the agreement establishes the general terms and conditions for the execution of enabling works at the King Salman International Airport project in Riyadh.
Under the 48-month contract, the scope of work includes the supply, installation, testing, and commissioning of all mechanical, electrical, and plumbing systems.
Utilizing a re-measurement model, specific work orders will be issued on a call-off basis, with the final contract value to be determined upon the completion and measurement of actual quantities executed.
The financial impact of this collaboration is expected to begin reflecting on the company’s statements starting in the first quarter of 2026, the statement said.
The company’s share price reached SR23.05, marking a 2.45 percent decrease on the main market.
