David Rockefeller, Chase Manhattan Bank chairman, visits President Anwar Sadat in Egypt as part of his tour to build the firm's relationships in the Middle East.
The Saudi Arabian Monetary Agency appoints Chase to organize, staff and manage the newly created Saudi Industrial Development Fund that provides interest-free and subsidized loans to local businesses.
Chase Manhattan Bank establishes Chase National Bank, a joint venture with the National Bank of Egypt.
Chase Manhattan Bank forms joint venture with state-owned Industrial Credit Bank to create the International Iran Bank, promoting Tehran as a major financial center.
Chase Manhattan Bank and Chemical Bank open representative offices in Tehran.
Chemical Bank opens representative offices in Saudi Arabia, Dubai, Qatar, Bahrain, Oman.
1976: David Rockefeller, Chase Manhattan Bank chairman, meets with Sheikh Rashid Al Maktoum in Dubai.
1977: Chase Manhattan Bank is a 20% shareholder in Saudi Investment Banking Corporation, a new investment bank dedicated exclusively to strengthening the Kingdom’s economic, industrial and agricultural development.
is instrumental in arranging a US$5.5 billion loan to help rebuild Kuwait after the Gulf War. advises the Qatargas Consortium on a multibillion-dollar financing plan for a liquefied natural gas project in Qatar to develop the largest known gas field outside the former Soviet Union.
2006: J.P. Morgan opens office in Riyadh, Saudi Arabia.
2007: J.P. Morgan opens office in the Dubai International Financial Centre.