SAMA, which already owned a 22.2% stake in GIB before the transaction, acquired JPMorgan’s shares for an undisclosed amount of cash.
Dr. Muhammed Al-Jasser, Vice Governor of SAMA, said: “SAMA is pleased to acquire JPMorgan’s …
Nasser Al Shaali, Chief Executive Officer, DIFC Authority and Ghassan Abdul Karim, Chief Executive Officer of JPMorgan in the Middle East and North Africa unveiled today master artworks from the JPMorgan Chase Art Collection at …Read full article » United Arab Emirates: Wednesday, March 12 - 2008 @ 16:24
At the opening event which was attended by over 170 of J.P. Morgan’s clients in the region, Jamie Dimon, Chairman and CEO of JPMorgan Chase, said: “We are delighted to be celebrating J.P. Morgan’s long …Read full article » Saudi Arabia: Monday, November 24 - 2008 @ 11:33
“Our investment bank is looking for a GDP growth of 0.9% year on year from emerging markets in 2009. This outlook is a contrast with a contraction in developed markets of -3.4% year on year,” …Read full article » United Arab Emirates: Sunday, March 15 - 2009 @ 17:05
For many investors in the Middle East, the myth of de-coupled economies – one in which North America and Asia could be suffering economic recession, for example, while the Middle East grew briskly – has …Read full article » United Arab Emirates: Tuesday, May 05 - 2009 @ 11:38
Last year saw the price of copper, zinc, base metals, and aluminium rise by 140%, 112%,104%, and 44%, respectively, as a result of growing global demand for commodities coupled with on- going supply shortages.
This year …Read full article » United Arab Emirates: Tuesday, February 16 - 2010 @ 14:34