Egyptian golf federation hails historic financial turnaround

The Egyptian Golf Federation has announced a historic financial surplus of EGP 7 million generated in just seven months under President Omar Hisham Talaat's leadership. This achievement follows a comprehensive restructuring that began last November. The federation outlined plans to host international tournaments starting from the 2025/2026 season to boost sports tourism.

The Egyptian Golf Federation announced a record financial surplus of EGP 7 million during its General Assembly, achieved in just seven months under the leadership of President Omar Hisham Talaat, who assumed office last November. This milestone resulted from a sweeping organizational restructuring aimed at stabilizing finances through commercial sponsorships and partnerships with major institutions. The financial report, presented by auditor Tarek Hashish, received strong endorsement from assembly members.

Chaired by Vice President Mohamed Anwar and attended by delegates from the Ministry of Youth and Sports along with representatives from prominent clubs such as Gezira, Sporting, and Palm Hills, the meeting highlighted efforts to revive Egypt's international presence in golf. The federation detailed plans to host global tournaments from the 2025/2026 season onward, intended to promote sports tourism and offer competitive opportunities for local players. Selections for international duties will follow clear, transparent criteria to ensure fairness.

Members praised the swift progress since the board took over late last year. "There is still much more to come," Anwar stated, expressing gratitude to the clubs for their support. He reaffirmed the board's dedication to the growth and development of Egyptian golf.

Liittyvät artikkelit

IFC 50 years celebration event at the Giza Pyramids in Egypt.
AI:n luoma kuva

IFC celebrates 50 years in Egypt with renewed reform commitment

Raportoinut AI AI:n luoma kuva

The International Finance Corporation marked five decades of operations in Egypt at an event held at the Giza Pyramids on May 19, 2026, reaffirming support for the country’s economic reforms and private sector growth.

Egypt has finished logistical arrangements to welcome around 2,000 athletes from 25 countries for the 12th Federation of Africa University Sports Games in Cairo this August.

Raportoinut AI

Egypt's Minister of Industry Khaled Hashem held his first expanded meeting with the Board of Directors of the Federation of Egyptian Industries (FEI), chaired by Mohamed El Sewedy, alongside heads of industrial chambers, to deepen engagement with manufacturers and address production challenges. The minister outlined a structured approach involving regular meetings and factory visits. He also announced sustainable financing mechanisms and the concept of 'productive villages' to support economic growth.

Minister of State for Military Production Salah Gomaa met with Federation of Egyptian Industries President Mohamed El-Sewedy to explore ways to strengthen industrial cooperation and localize manufacturing technologies. The meeting aligns with presidential directives to deepen domestic manufacturing and reduce imports. Discussions focused on boosting reliance on local products and supporting the National Industrial Strategy.

Raportoinut AI

Prime Minister Mostafa Madbouly announced on Monday that Egypt will raise the national minimum wage and implement government spending cuts to mitigate the domestic economic impact of regional military escalation. The decisions came during a meeting of the Central Crisis Management Committee, chaired by Madbouly, to monitor repercussions from US-Israeli operations in Iran and broader regional developments.

Tämä verkkosivusto käyttää evästeitä

Käytämme evästeitä analyysiä varten parantaaksemme sivustoamme. Lue tietosuojakäytäntömme tietosuojakäytäntö lisätietoja varten.
Hylkää