- Ahmed Elmeslemany: The protocol is a new starting point to expand areas of cooperation with the Egyptian Exchange, moving it to a more comprehensive and influential phase
- Omar Radwan: Partnership with a national landmark like “Maspero” is a strategic step to spread economic knowledge to all citizens
The Egyptian Exchange signed cooperation protocol with the National Media Authority (NMA), aiming to promote financial literacy and awareness among citizens, as well as intensifying focus on the economic news and updates of the capital market through various channels and platforms of the official national media.
The signing ceremony held with the attendance of the writer and media strategist, Mr. Ahmed Elmeslemany, Head of the National Media Authority (NMA), and Mr. Omar Radwan, Executive Chairman of The Egyptian Exchange (EGX). While Mr. Mohamed Sabry, EGX Vice Chairman, officially signed the protocol with Mr. Mohamed Ibrahim, Head of Television Sector. The event also featured the presence of Ms. Manal Eldaftar, Head of Channel One in the Egyptian Television, as well as several leaders from Maspero and EGX.
This protocol comes as part of the shared institutional visions to promote financial literacy and reintroduce the stock market to the community as a cumulative long-term saving and investment tool. In addition to breaking down the knowledge barriers related to trading mechanisms through the media platforms, which is widely spread and most influential on public in Egypt.
From his side, writer and media strategist, Ahmed Elmeslemany, Head of NMA, emphasized the important role of the Egyptian Exchange being one of the key pillars of the national economy. He pointed out that the Egyptian TV screens and channels, through specialized economic programs or within segments directed to all family members, are reporting stock exchange news and movements as a priority.
Elmeslemany stressed that NMA is very keen to support the national economy and introduce EGX indicators and daily transactions to citizens. He pointed out that they directed work teams of channel one and the Egyptian television to simplify economic concepts and stock exchange world to ensure delivering the message clearly and smoothly, not only to investors and specialists, but also to millions of viewers at Egyptian homes.
The head of NMA expressed his pride of signing this protocol, emphasizing continuation of the full media support of all activities and work of EGX. He added that this step is a strong push and a new starting point to expand areas of cooperation with the Egyptian Exchange, moving it to a more comprehensive and influential phase.
Elmeslemany wrapped up his speech confirming immediate start of implementing items of the protocol to boost economic media and highlight the role of EGX on national TV screens.
In this context, EGX Executive Chairman emphasized that the challenge in developing and deepening the financial market is not just limited to providing modern financial tools, advanced technological and legislative systems, but also focusing mainly on building sustainable social awareness of investment culture enabling citizens to make wise financial decision based on knowledge.
Omar Radwan clarified that partnership with a huge national entity “Maspero” represents a practical strategic path to transfer economic knowledge from the circle of elites and specialists to the widest segments of society. He pointed to simplifying financial concepts and presenting easy explanations of trading indicators and investment mechanisms, which will enhance trust of small investors and expand ownership base in listed companies, highlighting the Egyptian Exchange as a national platform for financing and inclusive economic development.
EGX Executive Chairman added that this cooperation provides official and reliable flow of data, contributing to ensure accuracy and presenting objective economic analysis reflecting strength of the national economy and momentary updates of the financial market.
The protocol sets an integrated path to a qualitative change in handling programmatic approach of investment issues, where the two sides will collaborate to launch regular flow of information feeding for daily and weekly coverage. Besides developing visual simplified template content like “Couple of words about economy” with the participation of experts and market analysts. In addition to investing in human resources through workshops to enhance skills of media people, and at the same time utilizing the historic identity of EGX and its headquarters downtown to support promotion efforts for promising entities. All this with joint coordinating committees ensuring turning these visions into sustainable implemented programs serving the national economy.
