US economy slows to 1.6% in Q1 of '24 – BEA    EMX appoints Al-Jarawi as deputy chairman    Mexico's inflation exceeds expectations in 1st half of April    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Capitals of cash
Published in Daily News Egypt on 27 - 05 - 2006

The petrodollar really does make a difference. Look no further than the international sports calendar to see what a lot of money does and what little of it cannot do.
In Qatar, December brings in the Doha Golf Masters. The end of February is reserved for the Qatar Women's Tennis Open in Doha, followed by the Qatar Tennis Open, which rolls around in April.
The neighboring United Arab Emirates has perhaps made an even bigger sports splash, presenting the Dubai Tennis Championships in February and March, the Dubai Women's Tennis Open a few days earlier, the four-day Abu Dhabi Golf Championship in December and the 17-year-old Dubai Golf Desert Classic.
It isn't just golf and tennis, and it isn't just Qatar and the UAE. There's the one-day Indo-Pak Sharjah cricket series; March's Motor Racing Grand Prix in Bahrain; the Hassan II Tennis Grand Prix in Casablanca in April; the Women s Tennis Grand Prix in Rabat in May and the Dubai World Cup, one of the world's richest horse races that brings together competitors from five continents.
This month, Doha hosted the Athletics IAAF Outdoor meeting, the one in which Olympic gold medallist Justin Gatlin was sensationally denied the outright world 100-meter record after his time was suddenly altered almost a week later. All this transpires due to a profusion of cash. A doubling of the prize-money in 2002 has hoisted the Qatar Golf Masters into the big league of the early-season events and ensured strong fields with a pot of £778,000. The ATP Qatar Open Tour goes for $1 million.
The top prize in the Abu Dhabi Golf Championship is a cool £188,000. Total prize money in the Dubai Golf Desert Classic is a knock-you-down $2.4 million with the lucky winner pocketing $400,000. And you won't be on the dole if you finish second; that guarantees you $266,660, followed by $150, 240 and $120,000 respectively, to help pay the bills.
Billed the greatest tennis extravaganza in the Middle East, and great in equal pay too, the Dubai Tennis Championships gives women $1 million, plus another $1 million for the men.
If you would like to compare the money up for grabs at this year's Wimbledon, the greatest tennis show on earth, is £655,000 for gentlemen (£630,000 in 2005) and £625,000 for ladies (£600,000 in 2005). The French Open last year was worth 940,000 euros (£655,000) for the singles champion, men and women each.
In golf, the total purse for the Masters, the ultimate showcase for professional golf, is $7 million. The British Open in 2005 shelled out $7,490,400 with $1,348,272 going to the winner. Two years ago, the PGA Championship purse stood at $6.25 million with the winner receiving $1.125 million.
Money-wise, the Gulf compares favorably. Coming then as no surprise, these opulently rich Arab tournaments attract all the people we know: Tiger Woods, Ernie Els, Ian Woosnam, Vijay Singh, Roger Federer, Andre Agassi, Rafael Nadal, Maria Sharapova, Lindsay Davenport and the Williams sisters. They fly in, work for four or five days, then fly out with more money than we will make in four or five life times.
It's different in Egypt. We don't have such star-pulling power. What we do best is an unending stream of championships, preferably team ball games. In football alone, the country has hosted four African Nations Cups including the successfully concluded event in February.
The U-17 World Football Championship in 1997 was played before booming crowds on Egypt s national turf, marking the first time an African nation staged a FIFA event. The three-week tournament featured a buck-toothed teen with an effervescent smile named Ronaldinho.
In 1999, Egypt became the first African nation to host the World Handball Championship. Six years earlier, the World Junior Handball Championship came to Cairo.
In 1951, the nation hosted the inaugural Mediterranean Games and the premiere All-Africa Continental Championship in 1991.
The list goes on. Egypt might be host to the most: The World Junior Volleyball Championship; World Water polo Championship; World Rhythmic Gymnastics Championship; World Judo Junior Championship; World Junior Synchronized Swimming Championship; World Taekwondu Championship; World Shooting Championship; World Bodybuilding Championship; and the World Billiards Championship.
1998 brought tennis stars Arantxa Sanchez Vicario, Mary Pierce, Olga Baratshova, Maria Sanchez and Anna Kournikova, who was readying to become the first www.pin-up female athlete. The fab five played at the foot of the Pyramids for a showcase event.
It is squash that has made a racket in Egypt beginning with its first International Squash Championship in 1996 with the Pyramids as patrons. There were also other glorious settings in front of which the world s top10 pros played: The 1998 Squash Grand Prix was held at the Red Sea resort of Hurghada, with players competing in the sun and fresh air in a high-tech glass court in the middle of an island, a first.
The World Squash Championship came to Cairo in 1999. World champions Jansher Khan and Peter Nichol would soon make way for Ahmed Barada and the eventual world number one, compatriot Amr Shabana.
The dunes of the Sahara desert have long attracted four-wheel drivers and motorcyclists, the annual Pharaohs Rally being a magnet for professionals, amateurs and fans from around the world.
But here our bragging must end. Only the squash and car rally have fixed dates. The rest are either minor affairs, some staged haphazardly, and many are hosted once and that's it.
The power of big-time money helps ensure that championships are major, played at the same time every year and bring the famous faces. Seeing the Pyramids is no longer enough of an incentive.


Clic here to read the story from its source.