Middle Eastern banks bought the vast majority of a debut $500 million sukuk issue by Goldman Sachs, a positive sign for other conventional banks hoping to tap the region's liquidity by issuing Islamic debt, according to data from lead manage
Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.
The US bank will mee
Topaz Energy and Marine, a subsidiary of Oman's Renaissance Services, has hired Goldman Sachs, HSBC and Standard Chartered to arrange a five-year $350 million bond offering, sources close to the deal said on Monday.
With its plan to issue up to 1 billion Malaysian ringgit ($305 million) of Islamic bonds, Societe Generale appears to be avoiding missteps made by Goldman Sachs in an ill-fated attempt to sell sukuk two years ago
Etisalat, a UAE-based telecommunications operator, has hired Goldman Sachs Group to advise on its planned bid for Pakistan mobile operator Warid Telecom, two sources aware of the matter said.
Warid, the country's smallest oper
Morgan Stanley and Goldman Sachs Group have lost their two top Qatar executives to local firms, three sources said on Monday, as the gas-rich Gulf state lures back high-profile citizens with better pay and prospects.
Goldman Sachs Group said it has named Pete Lyon as co-head of its business that caters to private equity and hedge fund clients in the Americas.
Lyon, who first joined the bank as an analyst in 1990, will lead Goldman's financial sponsors
Fitch Ratings has downgraded Goldman Sachs, Deutsche Bank and five other large banks based in Europe and the United States, citing 'increased challenges' in the financial markets.
Fitch, the third-biggest of the major credit rating
Rajat Gupta, a former Goldman Sachs Group director and former global head of McKinsey & Co, was arrested on Wednesday on criminal charges related to his hedge fund manager friend Raj Rajaratnam, the central figure in a US crackdown on insider
Banks in the United Arab Emirates will continue to shore up liquidity and de-leverage, Goldman Sachs said as it downgraded three banks in the region following strong share price performance.
Goldman downgraded Abu Dhabi Commercial Bank to