Latest news with #EgyptianMediaProductionCity
See - Sada Elbalad
10 hours ago
- Business
- See - Sada Elbalad
Pakistani Amb. Visits Egyptian Media Production City
Basant Ahmed Pakistani Ambassador in Cairo Aamir Shouket met Chairman and CEO of Egyptian Media Production City (EMPC) Mr. Abdel Fattah El-Gebali, today, the Pakistani Embassy said on "X". Avenues for Media Cooperation and Joint Collaboration between Pakistan and Egypt were discussed during the meeting. The Pakistani Ambassador also visited state-of-the-art studios, and production facilities at EMPC. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
Al-Ahram Weekly
25-02-2025
- Business
- Al-Ahram Weekly
Egyptian Media Production City net profits grow by 66.5% in FY2024 - Markets & Companies
Egyptian Media Production City's (EMPC) financial statements showed that the company's net profits increased by 66.5 percent to EGP 801 million in fiscal year (FY) 2024, compared to EGP 481 million in FY2023. EMPC's board of directors, chaired by Abdel-Fattah El-Gabaly, approved the consolidated financial statements for the company's activities at the end of FY2024, covering the period from 1 January to 31 December 2024, during its Tuesday meeting. The earnings per share from net profit amounted to EGP 3.77 compared to EGP 2.27 in 2023. This improvement is primarily attributed to the expansion of the company's various activities, particularly the increase in revenues from studios, production and artistic services, marketing of artistic productions, entertainment activities, the International Academy for Engineering and Media Sciences, and training. Meanwhile, gross revenue from various activities rose from EGP 875 million to EGP 1.1 billion during the same period. This also includes the increase in net profits from investments in subsidiary companies like the Arab Hotel Company, whose net profits rose from EGP 145 million in 2023 to EGP 270 million in 2024. Additionally, profits from the Media Services Centre increased from EGP 40 million in 2023 to EGP 61 million in 2024. Similarly, the Centre for the Restoration of Audiovisual Heritage expanded into Arab and Egyptian markets and successfully restored numerous feature and documentary films, generating significant returns that contributed to the city's profit increase. The company also witnessed an expansion in foreign filming services "both within the city and outside," as EMPC's Egypt Film Committee supervised the implementation of numerous projects for various nationalities (American, Indian, Norwegian, French, German, and Swiss) at many tourist and archaeological sites in Egypt. These factors positively contributed to increasing the company's revenues and maximizing its resources. EMPC is an Egyptian joint-stock company operating under the system of public free zones. Its contributions come from the National Media Authority, the National Investment Bank, the National Bank of Egypt, and the Egyptian Company for Investment Projects and Public Subscription. Short link:
Egypt Today
26-01-2025
- Business
- Egypt Today
Minister Counsellor of Lithuania's Embassy in Cairo Visits EMPC to Enhance Cultural Cooperation
EMPC Hosts Minister Counsellor of Lithuania's Embassy in Cairo to Foster Cultural Ties with the Baltic States The Egyptian Media Production City, EMPC, recently hosted a high-level delegation led by the Minister Counsellor of the Embassy of Lithuania in Cairo, Eirimas Pakalnis, accompanied by a team from the production company Digital Lenses Production. The delegation included Qadri Qalaji Jihad, Agni Paulikova, Vytautas Pauliukevičius, and Mai Ghaly. The management of EMPC expressed enthusiasm for collaborating with international companies and affirmed its readiness to provide all necessary resources to support and execute joint media projects across various fields. From his side, Pakalnis highlighted the strong historical ties between Egypt and the Baltic States, describing the visit as a significant step toward fostering deeper cultural and artistic cooperation between the two regions. The visit aimed to explore avenues for collaboration between Egypt and the Baltic States and to strengthen the partnership between Digital Lenses Production and the Egyptian Media Production City, represented by the Egypt Film Commission. Discussions focused on enhancing cultural and media relations and evaluating the potential for joint filmmaking projects. During the meeting, participants engaged in productive discussions about opportunities for cooperation in filmmaking and television production, as well as the exchange of expertise in various aspects of artistic production. Both sides underscored the importance of strengthening media coordination between Egypt and the Baltic States to promote cultural dialogue and shared creative endeavors. This visit marks a significant milestone in building bridges between the two regions and paves the way for joint initiatives in media and culture. EFC Egypt Film Commission (EFC) is the only authorized party in charge of obtaining permits & approvals for foreign production companies filming in Egypt. EFC is a subsidiary of EMPC which is the biggest media and production hub across the Arab region, the Middle East, and Africa. It is 10 kilometers from the Giza Pyramids plateau and spans some 2 million square meters. EMPC EMPC is the biggest media and production hub in the Arab region, Middle East and Africa. It is located 10 Kms away from the Giza Pyramids plateau and stretches over 2 million sqm in addition to one more million sqm located within the Media Free Zone. EMPC includes state-of-the-art studios with various surface areas, administrative and technical headquarters for Egyptian and Multi-national companies. It also includes multiple backlots areas, a complex for production and technical services and more than 30 Egyptian and Arab satellite and radio channels that broadcast their content via the Egyptian satellite Nile Sat. These services contribute to providing Arab and foreign production companies, that would like to shoot in Egypt, with the required facilities and amenities.
