Egypt's Deputy Prime Minister for Economic Affairs, Dr. Hussein Issa, has highlighted the government's significant interest in promoting and sustaining national press institutions. These institutions are considered essential components of Egypt's national identity and play a vital role in promoting awareness and enlightenment. Dr. Issa's statements came during his meetings with the National Press Authority to discuss the restructuring of national press institutions and enhance their financial sustainability.
Dr. Issa held separate meetings with the National Press Authority to review the status and plans of "Rose El-Youssef" and "Dar Al-Hilal" press institutions. The meetings were attended by the Chairman of the National Press Authority, Eng. Abdel Sadek El-Shorbagy, and other officials. The discussions focused on the institutions' current situation, challenges, and proposed plans for restructuring, financial balance, and resource development.
The Deputy Prime Minister emphasized the importance of preserving and developing national press institutions, considering their historical and cultural significance. He stressed that these institutions have contributed significantly to Egypt's cultural and intellectual life and have played a vital role in shaping public awareness. Dr. Issa also highlighted the need to develop the institutions' content, improve their financial performance, and enhance their competitiveness.
Dr. Issa expressed his satisfaction with the efforts of the National Press Authority in settling the debts of press institutions and promoting their financial sustainability. He emphasized the importance of continuing these efforts and exploring new ways to develop the institutions' resources and improve their performance. The Deputy Prime Minister also highlighted the need to invest in human capital, develop press content, and enhance the institutions' digital presence.
The meetings also discussed the issue of debts owed by the institutions to taxes and social insurance. Dr. Issa and the National Press Authority officials explored solutions to settle these debts and mitigate their impact on the institutions' financial performance. The Deputy Prime Minister emphasized the importance of achieving financial balance and implementing development plans on a sustainable basis.
Eng. Abdel Sadek El-Shorbagy, Chairman of the National Press Authority, expressed his gratitude to Dr. Issa for his understanding of the challenges facing national press institutions. He highlighted the Authority's efforts to develop press content, utilize assets, and promote digital transformation. El-Shorbagy also emphasized the importance of investing in human capital and enhancing the institutions' competitive capabilities.
The Deputy Prime Minister concluded that the government's efforts to restructure and develop national press institutions aim to create a sustainable model that combines financial management, operational efficiency, and resource development. He emphasized that financial sustainability is a critical component of the institutions' continued performance of their national and social roles.
Key points
- The Egyptian government is committed to supporting national press institutions and enhancing their financial sustainability.
- The institutions play a vital role in promoting awareness, enlightenment, and national identity.
- The government aims to develop the institutions' content, improve their financial performance, and enhance their competitiveness.
