Rana Mamdouh _ The Egyptian Exchange (EGX) organized a celebration on the occasion of World Investor Week, organized by the International Organization of Securities Commissions (IOSCO), aimed at spreading financial literacy and introducing youth and children to investment and trading concepts, in the presence of Dr. Mohamed Farid, Minister of Investment and Foreign Trade, and Omar Radwan, Chairman of the Egyptian Exchange.
The event was attended by Mohamed Sabry, Vice Chairman of the EGX, Dr. Mohamed Abdel Aziz, Assistant Chairman of the Financial Regulatory Authority (FRA), along with a number of Egyptian university presidents, capital market leaders, and businessmen.
Dr. Mohamed Farid: Spreading Investment and Export Literacy and Relying on Technology Support Efforts to Increase Exports
Dr. Mohamed Farid, Minister of Investment and Foreign Trade, emphasized that spreading financial and export literacy and empowering youth to participate in economic activities represent a key pillar to support economic development and increase exports, stressing the importance of integrating awareness efforts with the development of regulatory frameworks and the employment of technology.
He praised the efforts of the Egyptian Exchange in spreading financial literacy, pointing out that regulatory amendments, in accordance with the regulations of the Financial Regulatory Authority (FRA), have provided broader opportunities for the participation of those under the age of 21 in the capital market, while emphasizing the need to protect new investors from harmful practices, misleading recommendations, and fraud attempts, and enhancing cooperation between the EGX, the FRA, and universities to develop human capital.
The Minister stressed the importance of spreading export literacy and introducing youth to the trade agreements to which Egypt is a party, the preferential opportunities they provide for Egyptian products to access foreign markets, alongside rules of origin and regulatory requirements for export.
Dr. Mohamed Farid explained that employing technology and artificial intelligence contributes to enhancing goods and services exports, pointing out that non-petroleum commodity exports rose to reach 48 billion dollars by the end of 2025.
He emphasized the importance of developing technological solutions that help companies identify target markets and export opportunities and learn about rules of origin and required standards, pointing to the role of trade technology initiatives (TradeTech), including TradeTech Sandbox, in encouraging youth to innovate solutions that support exports and facilitate access to international markets.
Omar Radwan: The Egyptian Exchange Continues Its Efforts to Spread Financial Literacy Among School and University Students and Youth
For his part, Omar Radwan, Chairman of the Egyptian Exchange, emphasized the importance of enhancing financial inclusion and spreading financial literacy among various segments of society, pointing out that the number of new investors who joined the exchange during the current year and the two previous years approaches one million investors, reflecting the broadening of the investor base.
He explained that this increase requires intensifying awareness and guidance efforts to help investors understand market mechanisms and make conscious decisions, pointing to the continued organization and expansion of visits and awareness events for school and university students and youth across various parts of the republic.
He added that the EGX intends to sign cooperation protocols with universities to complete ongoing initiatives and ensure the sustainability of financial literacy activities, in addition to capitalizing on initiatives and conferences, including the Money Made Simple conference, and enhancing cooperation with media outlets and institutions concerned with financial awareness.
He stressed that spreading financial literacy represents a priority no less important than monitoring daily trading, stemming from the EGX's responsibility to clarify the role of the capital market, its operational mechanisms, and to instill awareness of the importance of investment.
For his part, Dr. Mohamed Abdel Aziz, Assistant Chairman of the Financial Regulatory Authority (FRA), affirmed that spreading financial literacy and enhancing awareness of savings and investment represent two pillars to support sustainable economic growth, explaining that individuals' financial decisions affect the performance of the economy as a whole, and that the success of economic policies is also linked to citizens' awareness and responsiveness to them.
He pointed out the Authority's work on developing sustainable financial literacy programs, in cooperation with the Supreme Council of Universities and the Ministry of Higher Education to expand awareness within universities, and the Ministry of Education regarding teaching financial literacy to second-year high school students.
During the celebration, 8 cooperation protocols were signed with Heliopolis University, Zewail City, Tanta University, Sinai University, East Cairo University, the CFA Society Egypt, TPP and Edge Education companies, and the Egyptian Gulf Bank (EGBank). Additionally, 7 ambassadors were accredited from the German International University (GIU) and Modern Sciences and Arts University (MSA).
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