MU Director Trains Journalists to Cover Business Beat

Media Unlimited director Magda Abu-Fadil coached journalists in an intensive workshop on the complexities of business, economics, companies and markets in a bid to shore up their coverage of that beat.

 

Updating a commodities story

The three-day training for Arab News reporters and editors in February 2021 steered them through the intricacies of the business beat and how to get their start in financial journalism with plenty of tips on working with numbers.

On the second day, Abu-Fadil focused on ethics for business journalists and the risks of falling prey to conflicts of interest.

 

What is economics?

Other areas included common reporting mistakes to avoid, the terminology needed to write business and economic stories and how to develop good sources.

On the final day, the trainees were introduced to analyzing profits, assets and liabilities, how to dissect financial statements, corporate earnings and differentiating between different types of financial markets.

 

The corporate success, failure and success of the Twinkies brand

A key theme was how to simplify the topic for interested lay readers.

“The Endless Battle on Corruption in Media”

Lebanese journalists face hardships in accessing information, with legal checks and outside pressures barring them from conducting proper investigations into corruption, Media Unlimited director Magda Abu-Fadil said.

“Laws often trip up journalists as their interpretation or misapplication hamper serious investigations and the uncovering of wrongdoing,” she told the International Anti-Corruption Academy’s “IACAlumnus” magazine.

1IACAlumnus_Issue 2_2014-1

But, she noted, that if a dedicated journalist is intent on covering corruption issues, he/she can do so at his/her own peril.

“The Endless Battle on Corruption in Media,” an article in the magazine by Rouba El Helou, focuses on issues like the mixture of politics, religion and economics that lead to corruption in media and undermine journalists.

“Revealing the truth in corruption stories helps protect citizens from further harm, sets a good example as to what ethical behavior ought to be, and acts as a deterrent to potential criminals,” Abu-Fadil said.

 

On Becoming A Foreign Correspondent

Hard work, preparation, a solid contact database, a nose for news, courage and ethics go into shaping foreign correspondents whose tools of the trade may have changed in a multimedia world, but whose mission to inform remains the same.

Media Unlimited director Magda Abu-Fadil provided 28 journalists and activists with tips on how to function as foreign correspondents and debunked myths about glamour and fame promoted in countless Hollywood movies.

Abu-Fadil on attribution and ground rules in different countries

Abu-Fadil on attribution and ground rules in different countries

The training in Morocco was part of the “Building a Digital Gateway to Better Lives” boot camp organized by the Washington-based International Center for Journalists.

It focused on cross-border and regional issues and involved investigative journalism team projects centered on child marriage, child labor, prostitution, human trafficking, prescription drugs on the black market, organized begging, cyber crimes, and illegal immigration.

Abu-Fadil presented examples of noted Arab and Western foreign correspondents, the beats they cover, working conditions, the costs and budgets required to maintain foreign bureaus and staffs, the transition to digital journalism, competition from citizen journalists, and the need to verify all data disseminated through social media and online sources.

Participants at Rabat boot camp

Participants at Rabat boot camp

She also stressed the importance of being multilingual, of being well versed in the history, geography, politics and social environment of the countries the correspondents cover, of the need to understand the economics and statistics of these countries, and how best to cover news conferences and interviews with foreign officials.

Abu-Fadil shows difference between Anglo and French numerals

Abu-Fadil shows difference between Anglo and French numerals

Abu-Fadil touched on first aid, security and safety measures reporters on foreign assignment should learn, which veteran Egyptian journalist Abeer Saady later tackled in depth.

Abeer Saady's safety tips on taxis

Abeer Saady’s safety tips on taxis

Also on hand was Moroccan IT expert Rachid Jankari to discuss mobile phones and cloud computing for use by journalists.

Rachid Jankari on mobile phones and cloud computing

Rachid Jankari on mobile phones and cloud computing

Senior strategist at National Public Radio, self-described real-time informational DJ and occasional journalist Andy Carvin also guided participants in the uses of social media to cover regional issues.

Rabat boot camp trainers and participants

Rabat boot camp trainers and participants

The September boot camp in the Moroccan capital Rabat grouped participants from Iraq, Lebanon, Egypt, Morocco, Yemen, Jordan and Algeria.