Goldman and UBS Lead Wall Street’s Latest Push Into Middle East

Up and down Wall Street, executives are readying new plans to expand in the Middle East, days after countries across the region flexed that they have more than $2 trillion of firepower to put to work in the US.

UBS Group AG is planning to open a new office in Abu Dhabi, while JPMorgan Chase & Co. said it would add more than 100 staffers to its businesses across the Middle East in coming years. Goldman Sachs Group Inc., for its part, is also looking to open more outposts and boost headcount in cities throughout the region.