INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

European Tour to become the DP World Tour from 2022

The partnership will help grow global golf and drive positive community impact.
  • The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will celebrate its 50th anniversary in 2022
  • In 2022, the DP World Tour will represent a global tour through an international schedule, that will feature a minimum of 47 tournaments in 27 different countries

The European Tour group and DP World have announced that the DP World will become the new title sponsor of the group’s main tour from the start of the 2022 season.

The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will celebrate its 50th anniversary in 2022, the first season of the newly named DP World Tour.

The announcement represents a significant deal in terms of global sports partnerships: DP World  will focus on three key areas: elevating the Tour in every way, growing the game of golf globally, and driving positive community impact.

The new look DP World Tour will see total prize money break through the $200 million mark for the first time, with a new minimum prize fund of $2 million for all tournaments solely sanctioned by the DP World Tour.

In 2022, the DP World Tour will represent a global tour through an international schedule, that will feature a minimum of 47 tournaments in 27 different countries, including new tournaments in the UAE, Japan, South Africa and Belgium and an expanded Rolex Series comprising five events: the Abu Dhabi HSBC Championship, the Slync.io Dubai Desert Classic, the Genesis Scottish Open, the BMW PGA Championship and the season-ending DP World Tour Championship.

For the first time, it will also feature three tournaments co-sanctioned with the PGA TOUR – the Genesis Scottish Open, as well as the Barbasol Championship and the Barracuda Championship taking place in the United States – as a result of the Strategic Alliance between male professional golf’s two leading Tours.Â