Goldman Sachs opens new Kuwait office to strengthen its Middle East presence and expand investment, banking, and talent partnerships
Goldman Sachs
Latest in Goldman Sachs
Abu Dhabi Investment Authority
ADIA joins $3.9bn deal for Häagen-Dazs maker Froneri
ADIA to co-invest in $3.9bn Froneri ice cream deal with PAI Partners and Goldman Sachs’ Vintage Strategies, backing global growth strategy
acquisition
Goldman Sachs Alternatives acquires majority stake in UAE HR firm PeopleStrong
The acquisition underscores the company’s ambitious growth strategy in the GCC region
Goldman Sachs
PIF and Goldman Sachs team up to bring major investments to Saudi Arabia
Saudi Arabia’s PIF and Goldman Sachs Asset Management sign deal to bring private credit and public equity investments to Saudi Arabia
Goldman Sachs
Goldman Sachs names Omar Alzaim as CEO for Saudi operations
In May, Goldman received a license to set up its regional headquarters in Riyadh
China
Morgan Stanley, Goldman Sachs downgrade Chinese equities as growth slows
The latest calls represent a rapid turnaround from their upbeat stance on the market following Beijing’s stimulus blitz in September
Apple
Apple, Goldman Sachs to pay $89mn penalty for consumer failures
The CFPB ordered Goldman Sachs to pay at least $19.8mn in redress and a $45mn civil money penalty, and Apple to pay a $25mn civil money penalty
capex
Saudi Arabia plans $1tn investment in non-oil economy by 2030: analysts
Goldman Sachs report says Saudi Arabia will invest $1tn in non-oil economy as part of “capex super-cycle”
Goldman Sachs
Goldman Sachs gets license for regional HQ in Saudi Arabia
The New York bank will become the first Wall Street bank to establish its regional headquarters in the Kingdom
Asia pacific
Mubadala and Goldman Sachs sign $1bn Asia investment deal
Mubadala and Goldman Sachs partner on deal for Asia Pacific investments
Abu Dhabi
Goldman Sachs, Mubadala join forces for $1bn private credit partnership to focus in Asia Pacific
The partnership will be managed by private credit at Goldman Sachs Alternatives, with a dedicated on-the-ground team across multiple Asia Pacific markets
Business Restructuring
Goldman Sachs weighs sale of wealth business unit catering to high net worth clients: Report
Goldman’s private wealth unit oversees $1 trillion in assets for ultra-high net worth clients
Artificial intelligence
ChatGPT chaos: Italy blocks AI chatbot over privacy concerns
Italy’s data protection agency has accused ChatGPT of of failing to check the age of its users among other “suspected breaches”
Artificial intelligence
Fear the AI…Goldman Sachs and Elon Musk tell us why
The bank says in a report that 300 million jobs could be replaced; Musk and 1,100 other signatories call for a six-month pause on AI development
Artificial intelligence
AI could replace 300 million jobs, says Goldman Sachs report
Industry analysts said history shows that technological advancement also generates new employment, while eliminating some positions
BNPL
Saudi BNPL provider Tamara raises $150mn debt financing from Goldman Sachs
The funding brings the total equity and debt up to $366 million since its launch
Abu Dhabi Investment Authority
ADIA, Goldman Sachs, and Carlyle in talks to invest $350m in India’s TVS Motor’s EV arm: Report
If the deal takes place at this valuation, TVS Motor will become the most valuable two-wheeler EV company in the country
