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, makes philanthropic investments in cities where it has major operations, assisting those suffering disadvantage to help them build better lives for themselves, their families and their communities. Across Europe, the Middle East and Africa, the firm focuses its investment and attention on three pillars: Economic Development, Financial Empowerment and Workforce Readiness. Across the Middle East and North Africa (MENA), examples of our commitments include:
- Cherie Blair Foundation for Women
- Emirates Foundation
- INJAZ al-Arab
Cherie Blair Foundation for Women
In April 2011, the Cherie Blair Foundation for Women launched the Enterprise Development Programme in Lebanon. This was the Foundation’s first ever project to support women entrepreneurs in Lebanon and was made possible with the support the JPMorgan Chase Foundation. Working with Tomorrow’s Youth Organization and the Rene Moawad Foundation in Lebanon, the project supported 42 women entrepreneurs in north Lebanon to develop and scale their micro businesses, whilst creating a further 49 jobs for women. Using lessons learned from the first project, the Cherie Blair Foundation, J.P. Morgan, Al Majmoua and Tomorrow’s Youth Organization Lebanon have joined together to support 200 more women across Lebanon, including both Lebanese and Palestinian entrepreneurs, and create additional job opportunities for over 100 women and men in the local economies.
Emirates Foundation is an independent philanthropic organisation set up to facilitate public-private partnerships in the United Arab Emirates, with a particular focus on promoting youth development through workforce readiness training and financial empowerment.
J.P. Morgan’s support to the Emirates Foundation is helping to expand three of the Emirates Foundation’s six core programme areas. All three programmes respond directly to the market need of empowering youth with a view to securing them employment in addition to addressing particular social and financial inclusion issues widely prevalent in the UAE. ‘KAFA’AT’ (Leadership and Empowerment) aims to correct the mismatch of skills required by the private sector and those held by the youth. The ‘KAYANI’ programme aims to empower disadvantaged Emirati women by creating job opportunities as teachers in the public or private schools sector. Finally, the ‘ESREF SAH’ (‘Spend Right’) programme aims to increase financial literacy among young people and helps stem their indebtedness, which is an important issue in the UAE with more than 70% of the under-30 population in debt.
INJAZ Al-Arab is the Middle East and North Africa regional office of Junior Achievement. INJAZ Al-Arab partners with the private sector and Ministries of Education to provide programmes addressing the challenge of youth unemployment.
J.P. Morgan is supporting INJAZ with the implementation of its ‘Steer your Career’ programme, a work force readiness initiative designed for university students and fresh graduates under the age of 24.
It is a professional skills development program that aims to teach the skills needed for a modern workplace and raise young people’s awareness on challenges faced as they take the first steps in their professional career path. The programme aims to impact approximately 4200 young people across Saudi Arabia, the UAE, Egypt, Lebanon and Bahrain.