While competitors are cutting back, Goldman Sachs (GS) is broadening its MENA equity research,...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

While competitors are cutting back, Goldman Sachs (GS) is broadening its MENA equity research, initiating coverage on 80 new stocks, bringing the total to 121. Goldman's key theme is rising oil prices and the bank is looking at not only resource firms, but other beneficiaries like infrastructure and consumer spending.