Goldman Sachs report says Saudi Arabia will invest $1tn in non-oil economy as part of “capex super-cycle”
Goldman Sachs Group
Latest in Goldman Sachs Group
Asia pacific
Mubadala and Goldman Sachs sign $1bn Asia investment deal
Mubadala and Goldman Sachs partner on deal for Asia Pacific investments
banking
Goldman Sachs shifts bankers to Dubai amid race for 4,000 new millionaires’ wealth
Goldman Sachs increases headcount in Dubai with senior banker positions
commodities markets
Oil prices keep climbing, as experts call for “demand destruction” to curb dramatic surge
Futures in New York rose almost 1% in Asia after advancing 4.5% on Monday as sanctions on Russia rippled through the market. A release of 60 million barrels of oil is being considered by the US and others
Goldman Sachs Group
Oil steadies near seven-year high as OPEC+ sticks to output plan
OPEC+ ministers ratified the 400,000 barrel-a-day output increase scheduled for November, according to a statement from the group
Goldman Sachs Group
Goldman is cutting its loan exposure to SoftBank’s Vision Fund
SoftBank has suffered a string of bad news this week
Donald Trump
Goldman COO Waldron sees economic risks rising from geopolitics
‘Risk in election, risk in what happens in Brexit, risk in what happens in US-China trade, geopolitical risk around the Middle East, in Iran’ will all affect allocation of capital said Goldman Sachs Group president and chief operating officer John Waldron
Amin Nasser
Saudi Aramco picks Goldman, JPMorgan for top roles in IPO
Saudi Aramco is considering first selling a 1% stake through a listing on the Saudi stock exchange, with the possibility of selling another 1% on the local bourse at a later date
1MDB
Goldman leaders court Saudis over Aramco IPO after 1MDB fallout
After missing out on at least $25bn in deals in Abu Dhabi, Goldman Sachs is making a push into Saudi Arabia
Central Bank of Lebanon
Lebanon facing further ratings downgrade into junk, says Goldman
US bank says Lebanon’s sovereign ranking will probably be cut deeper by S&P Global Ratings within days
bonds
Saudi Arabia may sell euro bonds after testing market
According to sources cited by Bloomberg, the government has hired Goldman Sachs and Societe General to meet potential investors in a non-deal roadshow
B&B Hotels
Goldman in talks to buy $2.2bn B&B Hotels from PAI
B&B Hotels has more than 486 hotels and operates in markets including Europe, Brazil and Morocco
Arabian Centers Company
Goldman Sachs to test Saudi rules to limit stock swings post IPO
Arabian Centres is set to debut amid a bout of volatility in the Gulf as geopolitical tensions spill over into equity markets