06/19/2019 | Press release | Distributed by Public on 06/19/2019 04:35
EGX Signs MOU with the Arab Academy for Management, Banking & Financial Sciences to Provide Master of Business Administration & Doctorate of business administration (DBA) Grants for Egyptian Capital Market Employees.
Posted: Wednesday, 19 Jun 2019
The Egyptian Exchange (EGX) represented by Mohamed Farid Saleh, Executive Chairman, signed a memorandum of Understanding with the Arab Academy for Management, Banking & Financial Science represented by Dr. Mostafa Hodaib, President of the Academy. The MOU allows Egyptian capital market industry partially granted educational programs ranging from Masters Decrees and PhD programs as well as grants for various scientific areas and disciplines with the aim of raising capital market skills for the development of the market. The MOU was signed on the sidelines of the Arabic Academy ceremony of the graduation of batch number 29 of academic scholars held in the grand banquet hall of Cairo University. The event was held in the presence of distinguished faculty representatives and elite politicians, Economists and heads of selected banks. This MOU provides training and educational services for the capital market industry including; calibers from EGX (including first degree relatives), listed companies, brokerage firms, individuals interested in investing in the stock market and all other related parties. This MOU will allow EGX employees to obtain the following programs: - First; Master Business Administration (MBA) in the specializations of; Banking, capital market, Finance, HR, Marketing. - Second; Doctorate of Business Administration (DBA) in the specializations of; Banking, capital market, Finance, HR, Marketing. - Third; conducting special programs tailored for market participants in the - Administrative Financial and Technical fields. The Egyptian Exchange will also provide training for the Arabic Academy for Management, Banking & Financial Science students through a program of two days practical training on the trading system of EGX. Mohamed Farid, Executive Chairman of The Egyptian Exchange, said that the memorandum is of great importance as the trained calibers shall have a deep impact in the development of the capital market through professional development policy formulation contributed to increase the efficiency and competitiveness of the market permanently. 'We seek to create a qualitative leap in the area of rules and regulations which accordingly will support economic and social development plans of the government'. In this regard, Mr. Mohamed Farid, EGX Chairman, mentioned that the memorandum of understand is importance in order to increase the qualified and trained EGX employees which they play an important role in the development of the stock market through the formulation of professional development policies that contribute to raising the efficiency and competitiveness of the market permanently. Dr. Mustafa Hodaib, President of the Arab Academy for Management, Banking & Financial Science, stated that this memorandum of understand comes within the framework of bilateral cooperation with the Egyptian Exchange to qualify the employees capability. He added with the coordination with the Egyptian Exchange, all students would receive a full practical and scientific training program on the stock market before their graduation. He stressed that there is full coordination with the Egyptian Exchange management to provide experts to train and qualify the Academy's students in matters related to the stock market.