- Signing eight cooperation protocols with Egyptian universities and institutions, and accrediting seven EGX Ambassadors of Financial Literacy
- Dr. Mohamed Farid: Promoting investment and export culture as well as relying on technology supports efforts of increasing Egyptian exports
- Omar Radwan: EGX continues efforts of spreading financial literacy among students of schools and universities as well as among youth
The Egyptian Exchange (EGX) organized an event to mark World Investor with collaboration of the World Federation of Exchanges (WFE) and participation of International Organization of Securities Commissions (IOSCO)
EGX organized this celebration aiming to promote financial literacy and introduce concepts of investment and trading to youth. The event held with the participation of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, Mr. Omar Radwan, Executive Chairman of the Egyptian Exchange. The event was also attended by Mr. Mohamed Sabry, EGX Vice Chairman, Dr. Mohamed Abdel Aziz, Assistant to the Chairman of the Financial Regulatory Authority (FRA), as well as several Presidents of Egyptian Universities, capital market leaders, and businessmen.
Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, emphasized that promoting financial and export culture as well as enabling youth to participate in economic activities are key factors for supporting economic development and increasing exports. He highlighted the importance of integrating awareness efforts along with developing the regulatory frameworks and utilizing technology.
He praised the efforts of The Egyptian Exchange in promoting financial literacy, pointing to the regulatory amendments according to the guidelines of The Financial Regulatory Authority (FRA), which provided greater opportunities of participation for those under 21 years in the stock market. He also stressed on the need to protect new investors from harmful practices, misleading recommendations, and fraud attempts, enhancing cooperation between EGX, FRA, and universities to develop human capital.
The minister highlighted the importance of promoting export culture and introducing trading agreements of Egypt to youth, as well as the preferential opportunities provided for Egyptian products to access foreign markets. In addition to, rules of origin and regulatory requirements of exporting.
Dr. Mohamed Farid Clarified that utilizing technology and artificial intelligence contribute to enhance export of products and services, pointing to the increase of non-oil products exports that reached US$48 billion by the end of 2025.
He confirmed the importance of developing technological solutions that assist companies to identify targeted markets, export opportunities, as well as knowing origin rules and required standards. He pointed to the role of “Trade Tech” initiatives, including “Trade Tech Sandbox”, encouraging youth to have innovative solutions supporting exports as well as facilitating access to international markets.
From his side, Mr. Omar Radwan, Executive Chairman of EGX, emphasized the importance of enhancing financial inclusion and promoting financial literacy among different segments of society. He pointed out that the number of new investors joining EGX during the current year and the previous two years approached one million investors, which reflects expansion of investors’ base. He clarified that this increase required intensified awareness and guidance efforts to help investors understand market’s mechanisms and make wise decisions. He noted that we will continue organizing visits and awareness events for students of schools and universities as well as youth expanding this across the country.
He added that EGX is going to sign cooperation protocols with universities to continue the current initiatives and ensure sustainability of financial literacy activities. In addition to benefiting from initiatives and conferences, including “Money Made Simple” conference, as well as enhancing cooperation with Media and institutions concerned with financial literacy. He highlighted that promoting financial literacy is a priority, not less in importance than following daily trading, based on EGX’s responsibility to clarify role of the financial market, its operational mechanisms, as well as establishing awareness of investment importance.
From his side, Dr. Mohamed Abdel-Aziz, Assistant to the Chairman of the Financial Regulatory Authority (FRA), emphasized that promoting financial literacy and enhancing saving and investment awareness represents two foundations supporting sustainable economic growth. He clarified that the financial decisions of individuals affect the overall economic performance, and the success of economic policies depends on citizens’ awareness and their response to them. He pointed out that FRA is working on developing sustainable programs of financial literacy in cooperation with the Supreme Council of Universities (SCU), and the Ministry of Higher Education to expand awareness inside universities, as well as with the Ministry of Education regarding teaching financial literacy to second-year high school students.
During the celebration, they signed 8 cooperation protocols with Heliopolis University, Zewail City, Tanta, Sinai, East Capital Universities, and The Egyptian Society of Investment Professionals (CFA Society Egypt), as well as Edge Education and TPP companies, and The Egyptian Gulf Bank (EGBank). In addition, seven ambassadors from both the German International University (GIU), and October University for Modern Sciences and Arts (MSA) were accredited.
