ABU DHABI, United Arab Emirates (AP): HSBC has agreed become sponsors of the Abu Dhabi Golf Championship, boosting prize money by $500,000 to $2.7 million, organizers said Wednesday.
The increased purse bucks a trend in the United Arab Emirates which has seen prize money hit by the economic downturn. The Dubai World Championship, for example, has cut its prize money by 25 percent to $7.5 million.
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