Egyptian Deputy Prime Minister for Economic Affairs Dr. Hussein Issa recently held meetings with the National Press Authority to discuss plans for restructuring national press institutions. The goal is to achieve financial sustainability and improve performance efficiency. These efforts align with directives from Prime Minister Dr. Mostafa Madbouli. The meetings focused on two major press institutions: "Roz El-Youssef" and "Dar El-Hilal".
The meetings included discussions on the current state of the institutions, challenges they face, and proposed plans for restructuring. Also on the agenda were strategies for achieving financial balance, resource development, and maximizing asset utilization. This aims to support the institutions' ability to fulfill their financial obligations and continue their media, national, and societal roles effectively.
Dr. Hussein Issa emphasized the government's significant interest in promoting and developing national press institutions. These institutions are seen as essential platforms for awareness and enlightenment, and as national entities that form a crucial part of Egypt's history and national memory. The Deputy Prime Minister expressed his satisfaction with being part of these efforts, highlighting the role of press institutions in enriching cultural and intellectual life in Egypt and the Arab world.
The national press institutions have historically hosted generations of prominent journalists, thinkers, and opinion leaders. They have made significant contributions to national, cultural, and societal life. Dr. Issa stressed that preserving and developing these institutions is a priority, enabling them to continue their media, journalistic, and enlightenment roles while maintaining their historical legacy.
Dr. Hussein Issa discussed the importance of developing press content, both in print and digital formats, and achieving integration between paper publications and digital platforms. This aims to keep pace with rapid developments in the media industry, expand the audience reach, and enhance the institutions' ability to evolve and compete. He also highlighted the need for continued efforts to maximize the utilization of assets owned by press institutions.
The meetings also covered the issue of debts owed by the institutions to banks, taxes, and social insurance. Proposals were discussed to settle these obligations and address their impacts, aiming to alleviate accumulated burdens and support achieving financial balance. This will pave the way for implementing development plans on a more sustainable basis.
The National Press Authority's efforts to settle debts and develop content were commended. Ongoing cooperation with relevant bodies, such as the Ministry of Finance and the National Authority for Social Insurance, was also emphasized. The goal is to continue supporting national press institutions, enabling them to play their roles effectively and contribute to Egypt's cultural and intellectual landscape.
Key points
- The Egyptian government is working to restructure national press institutions to achieve financial sustainability and improve performance efficiency.
- The efforts aim to preserve the historical legacy of these institutions while enabling them to adapt to changes in the media industry.
- Developing press content and maximizing asset utilization are key priorities in the government's strategy for national press institutions.
