Middle East & North Africa
Corporate Responsibility in the Middle East & North Africa
J.P. Morgan is committed to building vibrant communities, preserving our environment and promoting an inclusive culture across the globe that benefits people not only today, but for generations to come.
Globally, J.P. Morgan, through the JPMorgan Chase Foundation, provides grants to charities in three areas of focus: Education, Community Development and Arts & Culture. We prioritize our funding efforts to focus on responding to the deepening social need in the communities we serve. Across the Middle East and North Africa (MENA), our commitments include:
- Cherie Blair Foundation
- INJAZ al-Arab
- Alashanek Ya Balady Association for Sustainable Development
Cherie Blair Foundation
As part of the firm’s strong commitment to community development and education, J.P. Morgan is partnering with Tomorrow’s Youth Organization (TYO) and the Rene Mouawad Foundation to support the Cherie Blair Foundation for Women’s project, “Women Entrepreneurs in Lebanon.” J.P. Morgan’s support will help young women in Lebanon to set up or grow market-led businesses. This will be accomplished by in-depth training and by creating better access to technology, markets and financial resources. The project aims to reduce gender disparity in the Lebanese labour force; to promote entrepreneurship amongst women from marginalized communities in Lebanon; and to increase women’s income and their employment opportunities, therefore increasing their ability to support their families.
INJAZ al-Arab is the MENA Region's headquarters for Junior Achievement Worldwide. Through a dedicated volunteer network, INJAZ provides in-school and after-school programs for students which focus on three key content areas: work readiness, entrepreneurship and financial literacy. The organization’s mandate is to accelerate student participation by building strong private sector involvement that leverages their greatest asset, their employees, to develop student skills in entrepreneurship, economics, business skills, financial literacy, business ethics and career and life skills. INJAZ al-Arab has been headquartered in Jordan since its inception in 1999, when its first program was launched by Her Majesty Queen Rania. Since then, INJAZ al-Arab has expanded its scope of operations into 12 MENA countries.
J.P. Morgan is currently supporting the localisation and implementation of Junior Achievement's Success Skills Curriculum in 15 underserved public schools across Bahrain and Dubai, reaching 1,155 students aged 14-18 years. Success Skills focuses on academically enriching and experiential learning sessions in work-readiness education and career perspectives.
Alashanek Ya Balady Association for Sustainable Development
Founded in 2002, the Alashanek Ya Balady Association for Sustainable Development (AYB-SD) works on solving the problem of unemployment and alleviation of poverty across Egypt. AYB-SD’s main target groups are the underprivileged, who constitute more than 44% of the Egyptian population. The organization offers training, personal coaching, formal employment opportunities and micro loans, while striving to promote volunteerism in community development and fostering private and public partnerships.
According to the 2010 Egypt Human Development Report, about 90% of the unemployed in Egypt are youth, and according to the World Bank indicators (2010), 44% of Egyptians live on under $2 per day. A grant from J.P. Morgan will support holistic training and mentoring for 200 Egyptian youth to help them start their own businesses. The support will consist of: project management and entrepreneurship skills training; a small loan to establish the project; and professional management and business consulting to ensure that each of their projects is sustainable and growth generating.