Dr. Mohamed Omran – FRA Chairman inaugurated Master’s program in International Finance offered by Financial Services Institute (FSI) – FRA’s training arm – in partnership with the Spanish Institute of Stock Market Studies (IEB). The Madrid Stock Exchange accredits this Master’s degree. It has been ranked #1 among the master’s programs in Spain in 2019 and 2020, respectively.
Dr. Omran says that economic ambitions have always been the impetus behind introducing new non-banking financial instruments in the Egyptian market aiming at achieving diversification in the traded financial instruments and their derivatives in a way that attracts more investments into the Egyptian economy. He adds that in order to achieve this, the Authority’s strategy should have included mechanisms that enhance markets efficiency, introduce new and advanced training programs in financial engineering and focus on providing the scientific and applied basis for financial derivatives within the investment community.
He points out that for the first time in the Middle East and North Africa, a master in international finance program is launched in cooperation with the IEB Institute, which is one of the three most important schools specializing in financial markets in Spain. It enjoys the scientific partnership of the London School of Economics and Political Science in the United Kingdom (LSE), the Wharton School of the University of Pennsylvania and the Chinese University of Hong Kong (CUHK). The program will be implemented by a team of international lecturers in the Financial Services Institute (FSI) headquarters.
Dr. Omran asserts that Dr. Islam Azzam – FRA Deputy Chairman and one of the experts in the field of financial derivatives will be responsible for activating trading in futures contracts and financial derivatives.
FRA and Financial Services Institute Heads, officials of the Spanish Institute, led by Mr. Alvaro Drake, Secretary General of the Institute and Mr. Javier Amo – Director of the International Master’s Program at the Institute , Dr. Gamal Shehata – Dean of the Faculty of Commerce at Cairo University participate in the event . In addition to Mr. Eduardo Soriano – Economic and Commercial Counselor, Mr. Candido Kreis – Cultural Counselor of the Spanish Embassy in Cairo and the first batch of employees operating in the non-banking financial sector as well as the Egyptian banks whether from inside or outside Egypt.
Mr. Hisham Ramadan – Assistant to FRA Chairman and Executive Director of the Financial Services Institute also explains that Master’s program in International Finance is one of the most important tools that shall activate the capital market amendments issued by Law No. 17 of 2018, especially the establishment and activation of the futures exchanges in the Egyptian market. Master’s program in International Finance combines the theoretical and practical aspects. It provides a training opportunity for students in the Spanish Stock Exchange and related financial institutions which will have the greatest impact on developing skills with best practices in the capital market sector.
Ramadan notes that the Master’s includes six students from insurance companies, eight students from the capital market, eight from banks, two specialists in financial aspects and three students from Investment and asset management sector operating outside Egypt in the United Arab Emirates and the Sultanate of Oman.
Mr. Eduardo Soriano – Economic and Commercial Advisor to the Embassy of Spain in Cairo, expresses his happiness in the consolidation of cooperation relations between Spain and Egypt in one of the most important areas of human communication , which is “learning” through practical applications, which provides the advantage of internal training in one of the largest financial institutions in Spain. Master’s students will present their thesis during their stay in Madrid by the end of the program.
The Spanish Institute of Stock Market Studies (IEB) as a leader in financial education in Spain and the Ibero-American region offers a master’s degree in international finance to those aiming to become international financial leaders in their fields. Therefore, it is not surprising that the number of students applying for Master’s program in International Finance has reached 1000 student in many parts of the world.
Dr. Gamal Shehata, Dean of the Faculty of Commerce – Cairo University, was keen to express his happiness at the existence of this type of educational program in Egypt, as the master’s program enjoys a combination of face-to-face study for 80% of its courses, in addition to 20% through remote study by experts. Specialists all of whom belong to the Spanish Institute of Stock Exchange Studies that in turn contribute to granting a high-quality education to the cadres interested in excellence.
It is worth noting that the Financial Services Institute – FRA affiliate – seeks to develop the skills of those operating in the non-banking financial sector in accordance with the Republican decision to establish it, which includes the conclusion of cooperation protocols with specialized international bodies in order to keep pace with scientific development. Such protocols shall promote rules of proper professional work and achieve the highest level of scientific and practical competence for empolyees and those interested in this field, by qualifying them to obtain specialized and international scientific and professional degrees.
This news item was originally published by the Finance Regulatory Authority (FRA EG). For more information, please see the Source Link.