Prime Minister Moustafa Madbouly has reaffirmed the government’s continued support for national newspapers and press institutions, in recognition of their crucial role in shaping public awareness and promoting cultural values.
Madbouly met on Monday Chairman of the National Press Authority (NPA) Abdel Sadeq Al-Shorbagy to review priority issues concerning Egypt’s state-owned press institutions.
The Prime Minister explained that one of the key strategies being pursued to revitalise national media institutions is improving their economic standing.
These include maximising the utilization of their assets through innovative and non-traditional solutions, in line with the evolving media landscape – especially the shifting dynamics within the journalism sector.
The government is working to assist these institutions in expanding their revenue streams, pushing forward investment projects, and settling outstanding financial obligations — all aimed at restoring financial balance and ensuring institutional sustainability, Madbouly said.
For his part, the NPA chief voiced appreciation to the government for its solid backing of the national press institutions.
Al-Shorbagy acknowledged government efforts in supporting revenue-generating investment activities – including ventures in the education sector such as private universities and schools – which have helped several institutions move toward financial stability.
He also confirmed that all commercial loans for national press institutions have now been repaid.
Work is on to settle remaining obligations in order to eliminate any barriers hindering the progress of these organisations, he said.
The meeting also featured a review of several key files, including the current financial standing of the national press institutions, Cabinet Spokesman Counselor Mohamed Al-Homsany said.
In addition, discussions addressed the status of assets owned by some of these institutions, with a focus on how to develop them and enhance their returns, he added.
Premier Madbouly stressed the importance of holding such meetings regularly to maintain oversight of the national press sector — especially in terms of financial and administrative matters.
He emphasised the need to develop time-bound action plans and to commit to their implementation, with the goal of revitalizing national press institutions across all fronts.
