First Asian Club Cup, 24-31 December in Al Ain, UAE

The Asian Chess Federation has the honor to invite all Asian National Chess Federations affiliated to FIDE to participate in the 1st Asian Chess Club Championship sponsored by the Abu Dhabi Sports Council and organized by the Al Ain Chess Club under the auspices of the UAE Chess Federation from 24th (arrival) to 31st December 2008 (closing) in Al Ain, United Arab Emirates.
Trophies, medals and certificates will be awarded to the top 3 teams. A total of $60,000 in cash prizes shall be awarded as follows: First Team= US$20,000; Second Team= $12,000; Third Team $ 8,000; Fourth Team= $ 6,000; Fifth Team= $ 4,000
Special group prizes of $5,000 shall be awarded at $1,000 each for five rating groups to be grouped before the tournament.

Cash prizes of $5,000 for boards 1 to 5 shall be awarded based on performance rating with $500 for gold, $300 for silver and $200 for bronze medals.-from asiachess