MENA

Formula One driver Michael Schumacher and golf’s Tiger Woods are the two biggest earning sport stars in the world, according to the latest celebrity rich list.

A major new sports academy has been unveiled in Qatar – designed to ensure it develops home grown talent in future years.

Dubai-based airline Emirates has confirmed it will be an official sponsor of golf’s 2004 Barclays Scottish Open.

The WTA has launched its television news service this week – the latest initiative to try and boost interest levels in the sport.

Business technology specialist EDS has extended its title sponsorship of golf’s EDS Byron Nelson Championship through 2010.

A major new multi-million dollar round-the-world yacht race – spearheaded by sailor Tracy Edwards (pictured) – has taken a massive step forward after six teams were unveiled for next year’s inaugural event.

Cricket’s world governing body the ICC is in negotiations to move its headquarters away from Lord’s in London and into the Middle East.

Motorsport governing body president Max Mosley has declared the threat of a breakaway league in 2008 'over' after teams agreed in principal to a revolution in the way the sport is run and structured.

The Professional Squash Association (PSA) and the Bermuda Squash Rackets Association (BSRA) are celebrating a record $350,000 agreement which will bring two flagship PSA Tour events to the tiny island.

A new $22m cricket stadium in the Middle East is to be officially opened next month.

The UEFA Executive Committee has lifted the ban on home matches in Israel for all UEFA competitions.

Sports marketing giant IMG is expanding into global tourism as it looks to increase its consultancy base.

Organisers of Doha’s second Qatar Sports International exhibition have hailed the event a massive success.

The Qatar Sports International exhibition in Doha has witnessed yet more millions change hands as the event drew to a close.

The Qatar Sports International (QSi) exhibition in Doha has hosted the signing of a string of multi-million dollar deals for four major sports projects.

Bahrain has hailed its debut Grand Prix on the Formula One circuit a great success, and said it paves the way for future sporting events.

A major new global motorsport series is to be launched next year – with nations rather than individuals battling it out for glory.

A major new $95m motorsport venue in the Middle East has been inaugurated.