After intervention from the State Information Service: Bloomberg Agency retracts and corrects errors in its publications about the Egyptian economy
The State Information Service announced today, Tuesday, that Bloomberg International Agency has withdrawn and canceled posts it had previously broadcast on its social media pages related to the Egyptian economy, and instead published corrected texts of these posts on the agency’s four pages on Facebook, acknowledging that That what was previously published does not meet the editorial standards of its journalistic work.
Journalist Diaa Rashwan, head of the State Information Service, stated that this retraction and correction came after direct intervention by the Authority to express objection to the titles and content of the agency’s publications on social media pages. Its affiliate on the Egyptian economy, as these publications amounted to a distorted and incorrect transfer of a report by the same agency that it published last Saturday on the latest developments in the Egyptian economy.
Rashwan said: The authority’s protest came within the framework of its role in following up on what it deals with. The international media about Egypt’s internal affairs and foreign policies and confronting the fallacies that are being published and promoted in this regard. He pointed out that contact was made with officials of the “Bloomberg” agency. The State Information Service called on them to adhere to the professional and ethical rules of journalistic and media work, and also called on them to take appropriate measures against those who committed this unacceptable transgression and ensure that it is not repeated.
A statement issued by the State Information Service stated that Bloomberg published it on Saturday, April 27, a report prepared by the agency’s correspondents in Cairo entitled “The UAE deal with Egypt worth $35 billion, the tendency to buy by Gulf powers.” It included a presentation of a group of investment deals that had been completed and those that were potential (in accordance with Egypt’s trend to encourage the private sector to own or participate in some state-owned assets in many areas).
The statement indicated that it followed the broadcast of this report on the website. The agency published a number of publications (short blog posts) on the social media pages of the agency itself (4 pages) under provocative headlines and with texts containing distortions and fallacies about investment developments in the Egyptian economy in a way that contradicts reality and even contradicts the content of what was stated in the agency’s report… explaining Those who placed these addresses and wrote the blog posts were employees of the agency from outside Egypt (as stated in an official letter from the agency).
He explained that on Monday, April 29, contact was made with Bloomberg Agency, where its officials promised to correct what was stated in Its aforementioned publications, as well as taking into account compliance with professional rules regarding the sources and content of its data and publications.. On the evening of the same day, the head of the SIS received a message from Mrs. Laura Zelenko, the international head of editorial standards at the agency, via email: (Lzelenko @ Bloomberg.net).
The State Information Service’s statement included the text of the letter, which came as follows: “Dear Mr. Rashwan… My name is Laura Zelenko. I am the International Head of Editorial Standards at Bloomberg News in New York. I am writing to you regarding some posts on social media related to our report on April 27 entitled “The UAE’s $35 billion deal to Egypt represents the tendency of Gulf powers to buy.” To inform you that we have corrected the posts on four Bloomberg pages on Facebook. The original posts did not meet our editorial standards, and the corrections make that clear. Please also note that the original posts were made by workers outside Egypt.”
The authority had followed the new texts that were published on the agency’s Facebook pages, which are the pages bearing the titles: – Bloomberg – Bloomberg uk – Bloomberg Politics – Bloomberg Asia The statement stated that the new unified text published on these pages was as follows: Correction: Gulf powers are eyeing premium real estate in Egypt, The UAE’s $35 billion land deal is just the latest. Saudi Arabia also has interest (an earlier version of this post was removed because it did not meet Bloomberg’s editorial standards).
The SIS statement appealed to all media outlets. The international media must ensure accuracy and adherence to professional standards and journalistic and media work ethics in dealing with Egyptian affairs, especially in the field of economics, where the rumors and fallacies that are published have a direct impact on the movement of investments, trade and tourism… Calling on international media correspondents accredited in Egypt to rely on reliable sources and be informed. They rely on official data and sources in their treatment of Egyptian topics and affairs.
It is worth noting that Bloomberg is an international news and media agency specializing in the fields of economics and financial information, with its headquarters headquartered in New York City, United States.
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