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.



NBE studies establishment of rowing club in Cairo
Bank to continue sponsoring the Egyptian Rowing Federation and other games in coordination with the Ministry of Youth and Sports, says Aboul Fotouh
Hossam Mounir Published in Daily News Egypt on 05 - 01 - 2020

The National Bank of Egypt (NBE) studies the establishment of a new rowing club in Cairo, in cooperation with the Egyptian Rowing Federation, besides its existing rowing club in Alexandria, said the NBE's Vice Chairperson Yehia Aboul Fotouh.
It came during a press conference held by the Egyptian Rowing Federation last Thursday, to talk about the federation's achievements in 2019, including winning the 13th African Rowing Championship held in Tunisia, and Egyptian Mohamed Abdel-Khalek Al-Banna's qualification to the 2020 Tokyo Olympics.
The conference was attended by Aboul Fotouh, and Amr Al-Nouri, head of the Egyptian Rowing Federation.
Aboul Fotouh emphasised that the NBE pays special attention to sports in general, and rowing in particular. The bank aims to attract more young people to practice rowing, so that Egypt's participation in international and regional championships could increase.
The NBE sponsors most of sports federations in Egypt, in addition to 20 players qualified for the Tokyo Olympics. However, the value of sponsorship contracts varies from one sport to another, as it is calculated according to the needs of each game. The bank also has several teams in various games, including football, basketball, handball, and rowing.
The NBE focuses its support on individual sports, in particular, as Egyptian athletes excel at such games in international championships, yet they do not receive enough support.
In cooperation with the Ministry of Youth and Sports, the NBE sponsors some games, such as handball, in which the Egyptian team won the IHF Men's Youth World Championship (under-19), the third place in the IHF Men's Junior World Championship (under-21), and the eighth place in the World Men's Handball Championship. Additionally, the bank sponsors volleyball, taekwondo, and squash.
Al-Nouri said the Egyptian Rowing Federation, under the sponsorship of the NBE, participated in six international championships, and qualified for the Tokyo Olympics. He stressed that the federation seeks to spread rowing nationwide, and revive the sport in many clubs that halted its activities in the recent period.
Egypt aims to promote indoor rowing locally, and hosts international championships, in addition to adding offshore rowing to the federation, and expanding in talent scouting to empower the national teams.
The Egyptian Rowing Federation also seeks to increase the number or rowing players nationwide to raise the competitiveness of the national teams and clubs at the global and continental levels, as well as adopting international quality standards using modern scientific methods.
For the federation to play this role, Al-Nouri stressed that it needs about EGP 20m in 2020, pointing out that the Ministry of Youth and Sports provides about EGP 900,000 only to the federation, besides further financial support when participating in world championships. Therefore, the NBE and other institutions that sponsor rowing have a major role in supporting the game.

Clic here to read the story from its source.