New Egyptian regional news channel hampered by lack of funds
Funding reasons have halted the Egyptian project to launch an international and regional news channel to promote Egypt's role in the Arab world.
The Egyptian state’s plan to launch a regional news channel in the first quarter of 2022 could come to a permanent stop.
In a post on its Facebook page on May 31, Mada Masr newspaper quoted a source at United Media Services, a production company that is said to be owned by the Egyptian General Intelligence, as saying that the work to launch a global regional news channel has been halted because of funding problems.
The source said the sovereign authorities supervising the management of United Media Services’ channels gave official orders to stop the project before the completion of the channel’s headquarters in Media Production City near Cairo.
The source said United Media Services already spent large sums of money on the production of a drama series shown in 2022 during Ramadan and can no longer afford to produce TV shows.
