Tagged: Goldman Sachs

Former Goldman Sachs Executive To Lead GCC SME Lender

Former Goldman Sachs Executive To Lead GCC SME Lender

Brandon Short, a former Goldman Sachs investment banking executive for MENA, will join with two former senior executives from Deutsche Bank to form World Business Partners UAE (“WBP”), a small business finance company based in Dubai. The other co-founders of WBP are Doug Naidus, former Managing Director and Global Head of the Residential Lending Division of Deutsche Bank, and former Chairman and CEO of MortgageIT, and Alex Gemici, former Managing Director and Head of MENA Residential Finance for Deutsche Bank. World Business Partners UAE will offer a Shariah-compliant financing solution ranging from AED 35,000 to AED 1.5 million for small businesses seeking working capital. WBP’s ijara asset sale-leaseback program allows SMEs to use the cash equity of their existing assets to fund their businesses’ growth and expansion.

Can top corporations develop needed water solutions?

Can top corporations develop needed water solutions?

Nearly 300 asset managers, water infrastructure and energy sector executives attended the event ‘Water: Emerging Risks and Opportunities’ in New York to learn about opportunities for investing in water and the growing water demands of the United States’ booming unconventional energy sector. The event was sponsored by Goldman Sachs, GE and the World Resources Institute. On the other hand, the Interfaith Center for Corporate Responsibility convened a roundtable on the obligations of companies to respect the human right to water. Seventy religious investors, major water-intensive companies, and grassroots activists came together to tackle the question of what companies can and should do to ensure their operations “do no harm” to water supplies of local communities. Investors at the Goldman event very well may be driving the green technologies that can help the industrial companies at the ICCR session clean up their acts. But the problem for companies is that in most places, water is so cheap that investing in these solutions can sometimes be hard to justify on a traditional ROI basis, if not on a moral one.

Against Mega Banking and In Favour of Mutuality

Against Mega Banking and In Favour of Mutuality

When the Occupy Wall Street (OWS) movement in lower Manhattan’s Zuccotti Park gathered thousands of dollars in surplus donations, its decision-makers agreed upon a deliberate strategy of placing those sums with the customer owned Peoples Federal Cred…

Source gold ETP finds eager Europe, Mideast takers

Source gold ETP finds eager Europe, Mideast takers

The euro zone crisis has constrained investment in gold-backed exchange-traded assets so high that newcomer Source now owns the world’s sixth largest physically-backed gold product and sees no need to promote it actively outside Europe and the Middle E…

Why Shariah? Goldman poses sukuk puzzle

Why Shariah? Goldman poses sukuk puzzle

Reactions were very mixed at the news that Goldman Sachs had registered a $2bn sukuk programme through the Irish Stock Exchange. Some were happy, others were skeptic.
Part of the confusion came from the fact that Goldman did not reveal its assets or en…

Goldman sets up $2bn sukuk programme

Goldman sets up $2bn sukuk programme

Goldman Sachs has recorded a $2 billion Islamic bond programme, contributing with further evidence of conventional borrowers looking to sharia-complaint funding sources as market volatility makes raising debt finance more difficult.
The investment bank…