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Goldman Sachs | ASHARQ AL-AWSAT English Archive 2005 -2017
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Media ID: 55353167
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Goldman Sachs sign is seen on the floor of the New York Stock Exchange.


Media ID: 55350924
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A worker grabs a nozzle at a PTT gas station in Bangkok, Thailand, January 5, 2016. REUTERS/Athit Perawongmetha


Media ID: 55317433
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The Barclays building in Midtown Manhattan on September 16, 2013, in New York City. (John Moore/Getty Images/AFP)


Media ID: 55328861
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File photo of the Royal Courts of Justice in London, England, taken in January 2014. (EPA/ANDY RAIN)


Libya vs Western Bankers

Libya vs Western Bankers

Late last month, Libya’s sovereign wealth fund sued the global investment bank Goldman Sachs at London’s High Court. It is alleged that the fund lost in excess of 1 billion US dollars in 2008 through poor investments advised by Goldman, which denies the allegations....
Media ID: 55328344
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A file photo dated 19 January 2011 showing a sign at the Goldman Sachs booth on the floor of the New York Stock Exchange after the Opening Bell in New York, New York, USA. (EPA)


Libya sues Goldman Sachs over losing trades

Libya sues Goldman Sachs over losing trades

London, Reuters—Goldman Sachs exploited a lack of financial knowledge at Libya’s sovereign wealth fund and a position of trust when it encouraged the fund to invest more than 1 billion US dollars in trades that ended up worthless, the fund has claimed in court...