5 Hrs
Source:
بوابة أخبار اليوم
Al-Shorbaji discusses asset use and loan scheduling
The article focused on the efforts of the National Press Authority, led by Engineer Abdel Sadeq El Shorbagi, to maximize the utilization of the assets of the state-owned media institutions. The goal was to generate financial resources to offset the costs of the publishing industry and support its sustainability. Fixed assets were re-invested through procedures including creating a database and forming specialized committees, resulting in various projects such as adding new faculties to the institutions' university campuses, launching international universities and schools, along with residential and commercial developments. All bank loans were also scheduled and repaid according to protocols to achieve financial balance. Additionally, efforts were concentrated on digitalizing content and developing institutional platforms to confront the challenges posed by social media and to provide accurate information swiftly. It was emphasized that there would be no merging of media institutions, except potentially in a project to merge Dar Al Maaref and the National Distribution Company.
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