Abu Dhabi’s ties with Goldman Sachs sour amid 1MDB scandal

Abu Dhabi’s state investment company has hit pause on new business with Goldman Sachs, which has been embroiled in the multibillion-dollar fraud scandal tied to Malaysian state investment fund 1MDB. The moves increases pressure on the bank and threatens to affect its broader relationships in the region, the Financial Times reported. Goldman had become a top investment bank in Abu Dhabi and worked on the merger of two major state-owned real estate companies. “We have […]

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