Olympic flame to stay a month in Fukushima; next stop unsure    Japan expands entry ban to more countries, will ask all visitors to quarantine    NBE shuts down main branch in New Cairo for two weeks over coronavirus-infected employee: Statement    Spain reports record 864 virus deaths in 1 day    Moscow unveils coronavirus tracking app as national lockdown widens    Broadcaster predicts La Liga restart in July with no fans    Ex-Marseille chief Pape Diouf dies after contracting coronavirus    Chinese developers raise funds at home to repay pricier offshore debt    Egypt's Supreme Council of Culture launches three new competitions    Messi praises Egyptian footballer Mohamed Salah's style    Apple doubles China donations for coronavirus recovery efforts    Egypt's private airlines call for aviation minister to intervene amid COVID-19 crisis    Sisi praises Egypt's efforts to combat coronavirus    Egypt to quarantine all nationals returning from abroad – ministry    Egypt's CBE imposes cash withdrawal limits after $190.6mn withdrawn unnecessarily    Freed from detention    Virtual parliament    At the roots of the GERD    Further falls in oil prices    Stay at Home: Culture in Your Hands    Captain Khan    Sculptor Ahmed Osman… Founder of Alexandria Faculty of Fine Arts    Huawei to explore the ultimate potential on its Huawei P40 series    Egypt's stock exchange gains EGP 6 billion    EU launches new naval mission to police Libya arms embargo    Egypt's payment balance ran a $410.9 mln total surplus in 1H FY2019/2020    Europe's trade system with Iran finally makes first deal    Facebook users add ‘Stay At Home' frame to profile photos    Egypt's defender Elmohamady proud of 10-year milestone in England    Egypt, MENA growth forecast at 2.7%, -0.3% respectively: IIF    Prosecution warns of EGP 300k fine or 2-year jail for spreading fake coronavirus news    Al-Sisi discusses joint coronavirus efforts with Abu Dhabi Crown Prince    Saudi Arabia intercepts missiles over Riyadh    CBE temporarily regulates cash deposits, withdrawals    Lagging COVID-19 response to shield frail economy: Rouhani    California's houisng market unclear after new restrictions amid coronavirus    Farwell to Egyptian comedian George Sidhom    Weekend's virtual concerts, plays, and festivals people can stream at home    Amid coronavirus outbreak, Egyptian Premier League cancellation seems inevitable    Brazilian football stadiums transformed into hospitals to treat coronavirus patients    Stay At Home: Ministry of Culture to publish free books online for public browsing    IOC postpones Tokyo Olympics due to coronavirus pandemic    What to watch to kill time in quarantine?    Ethiopia has not sent Egypt latest designs for GERD: Minister of Irrigation    Nigerien President hails Egypt's diplomatic attempts to reach agreement over GERD    Al-Sisi appreciates Kenya's support to Egypt's stance on GERD    Cairo court acquits Mubarak's sons of stock market manipulation    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    

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

NBE announces EGP 2.5m prizes for handball youth teams for their world achievements
Nasr explained that this announcement was only a few hours after the tournament concluded, and there may be other financial awards from businesspeople or companies.
Published in Daily News Egypt on 19 - 08 - 2019

The National Bank of Egypt (NBE) has announced granting EGP 2.5m prizes to Egypt's youth and junior handball teams after winning the Men's U-19 World Handball Championship in Skopje, North Macedonia and the bronze medal at the Men's Junior World Championship in Spain.
Hesham Nasr, president of the Egyptian Handball Federation, told Daily News Egypt that the NBE is the first Egyptian side to notify him of financial awards to the national teams. The award for the U-19 team will be higher than that of the U-21 team, as they were crowned world champions.
Nasr explained that this announcement was only a few hours after the tournament concluded, and there may be other financial awards from businesspeople or companies.
He pointed out that the International Handball Federation does not give teams that achieve advanced positions any financial prizes, according to regulations.
Moreover, since the Egyptian Handball Federation has cancelled its sponsorship contract with Presentation Sports in April, the federation has not received any other sponsorship offers. The federation cancelled its EGP 50m sponsorship contract with Presentation, which was supposed to extend until the 2021 World Cup in Cairo because of the company's failure to comply with the terms of the contract, the federation said in a statement.
Nasr predicted that the federation will receive many sponsoring offers after the national teams' outstanding results.
He explained that the federation allocated $1,500 prize for each player after winning the World Championship. Moreover, the Minister of Youth and Sports, Ashraf Sobhy, told Daily News Egypt that the ministry will award EGP 112,500 for each player according to the regulations of the ministry. While the U-21 youth team will receive EGP 59,000 prize for each player.
Sources told Daily News Egypt that Sobhy is expected to cut short his visit to Morocco and return to Cairo to welcome the U-19 handball team scheduled to arrive home on Tuesday.

Clic here to read the story from its source.