- Ahmed El-Sheikh: Successful Investment Requires Integrating Academic and Practical Applications
- Dr. Wael Akl: The Collaboration Enhances Students’ Financial Literacy and Improves their Ability to Manage Savings and Investments
The Egyptian Exchange (EGX) signed a cooperation protocol with Nile University to promote financial literacy and raise awareness about the importance of saving and investing among university students, faculty members, and the surrounding community.
The protocol was signed by Mr. Ahmed El-Sheikh, Chairman of EGX, and Dr. Wael Akl, President of Nile University, in the presence of university vice presidents, deans of colleges, and senior management from EGX.
El-Sheikh expressed his pleasure in signing the memorandum of understanding with Nile University, a leading technological university in Egypt and the Middle East. He highlighted its focus on technology across all its existing and future faculties, offering quality education that aligns with market demands and changes.
El-Sheikh emphasized EGX’s vision over the past two years to engage with universities nationwide, aiming to foster general investment awareness among students and specifically enhance their understanding of capital markets. He announced plans to collaborate on joint programs, including:
- A general course for all Nile University students covering the fundamentals of investment and financial literacy.
- Specialized programs on capital markets, risk management, economics, and financial institutions.
El-Sheikh reiterated EGX’s developmental strategy, which aims to:
- Strengthen its role as a funding platform for companies seeking investment opportunities.
- Serve as a mechanism for pooling savings and attracting investments.
- Provide a fair pricing mechanism for listed securities and facilitate liquidity for these tools.
- Introduce innovative financial instruments catering to market needs and advancements.
- Enhance the quality disclosure and governance to increase market efficiency, transparency, and depth.
- Foster a conducive infrastructure—human, regulatory, and technological—to boost trading activity among local and foreign investors, ensuring EGX’s continued leadership and competitiveness.
He concluded by stressing the importance of raising awareness—especially among youth —that successful investment relies on the integration of academic knowledge and practical application.
Dr. Akl, welcomed the collaboration with EGX, which represents Egypt’s official stock exchange and plays a key role in promoting financial literacy and reshaping perceptions about stock market investments, particularly among youth and university students.
Dr. Akel highlighted Nile University’s role in advancing research, innovation, and entrepreneurship, along with its commitment to excellence in education and its impact on community development. He pointed to the distinctive programs offered by the university’s School of Business, which integrates theoretical knowledge with practical applications to meet market needs.
These programs provide students with opportunities for hands-on training, field experience, and internships with leading companies, enabling them to apply theoretical concepts in real-world environments while gaining valuable practical skills.
Dr. Akel emphasized that the cooperation with EGX represents a strategic partnership that will help the university enhance education, research, and knowledge-based economic development. The agreement’s provisions aim to:
- Foster financial literacy among students.
- Improve their ability to manage savings and investments and make informed financial decisions.
- Provide insights into EGX, stock trading, and its diverse sectors.
Additionally, Nile University plans to design specialized programs in the near future, focusing on emerging financial markets and supporting fintech innovation, thereby making a significant contribution to the evolving financial landscape.
