Newstag – the Stockholm-based crowd-curated news service – is opening a subsidiary in Cairo, Egypt to handle all its incoming video news content. The six-strong Cairo-based team will be responsible for handling, verifying and tagging stories as they arrive in one central location from all over the world. The multilingual team will operate round-the-clock handling thousands of stories each week from seven continents in as many time zones.
The multinational team is made up of editors from around the world who have chosen to be based in Cairo for their work in journalism and media. They will also provide bespoke production and post-production services in Egypt and the region as a whole.
“Cairo is booming again: Egypt is at the crossroads of East and West and there are so many talented individuals in this city. This megapolis with its tens of millions of inhabitants is a great centre from which to understand the world in a more nuanced way. This is at the heart of Newstag’s philosophy,” says CEO and Founder, Henrik Eklund.
Newstag’s pioneering and innovative approach to sharing news through social media will bring together video news stories from professional content producers around the world, including AP, AFP and Reuters.
The opening of the Cairo bureau follows a $1.3m investment into Newstag from a group of private and institutional investors. In recent months, the company’s rapidly expanded its network of commercial and content partners as it gears up to launch its application.