GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

21 March 2019, Dubai – Standard Chartered recently announced the launch of the Standard Chartered Belt & Road Relay, the first-ever global running event spanning the Belt and Road initiative. The Relay aims to highlight the Bank's continued commitment to Belt and Road, and the positive impact of the initiative to communities and businesses globally.

The Relay will be led by eight staff athletes from Standard Chartered, selected from the Bank's diverse footprint across Asia, Africa, the Middle East, and Europe and the Americas. These athletes will participate in running events across 44 Belt and Road markets within a 90-day period. 

The Standard Chartered Belt & Road Relay kicked off in Hong Kong on 17 February, in conjunction with the Standard Chartered Hong Kong Marathon. Followed by the UAE stop on 20 March, the Relay will conclude in China on 11 May after the Belt and Road Forum.

The Belt & Road initiative and the opportunities around it, has been a hot topic on the UAE's agenda. Earlier this month, the Crown Prince of Dubai His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum approved and announced the Dubai Silk Road Strategy to focus on enhancing strategic and operational connection of logistics services and build on Dubai's success as a vital trade link between east and west, and north and south. 

Rola Abu Manneh, CEO of Standard Chartered UAE said: “We are very excited to be participating in the first-ever Belt & Road Relay. We have been a supporter of the Belt and Road initiative since day one and as the team representing this region, we are well positioned to help. This country has a solid claim to being the most logical partner for China in the Middle East and Gulf region. Established trade-hub status, market infrastructure, regulatory and government support give China multiple reasons to choose the UAE as a key player in the Belt and Road initiative.” 

“We are always looking for ways to further demonstrate our commitment, raise awareness for the Belt and Road initiative in the UAE, and enhance cross border relations. As an international organisation with a deep-rooted history across Africa, Asia and the Middle East, this initiative is strongly aligned with the footprint of the Bank. Similarly, with its position as trade hub between Asia and Africa, we see a see real benefits to the UAE arising from the Belt and Road project and believe the country can play a key role in promoting this initiative to the world.” she added.

The Belt and Road initiative is core to Standard Chartered. In 2017, the Bank committed additional financing for Belt and Road projects of at least USD 20 billion by 2020, and was involved in more than 50 Belt and Road deals worth more than USD 10billion across a range of products and services.



Posted by : GoDubai Editorial Team
Viewed 6265 times
Posted on : Thursday, March 21, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Oman Insurance Company wins Medical Insurance Company of the Year at 2019 Annual Health Awards
Next Story : Citi launches next generation mobile app in the UAE
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Tonda 1950 Stone-set range'
Parmigiani Fleurier Kalpagraphe Chronometre Titanium
Toric Hémisphères Rétrograde Slate The traveller's watch featuring a new guilloc...
Special edition 2019 Ford Expedition ‘Turath' arrives in Al Tayer Motors and Pre...
Aston Martin Valkyrie Wows Crowds on Public Debut at Silverstone
Salvatore Ferragamo Timepieces – Summer 2019 Collection
Sports Collection - Autumn Winter 2019
Picnic Indoors This Summer with Marks & Spencer
Kitchen Hacks: 8 Clever Ways to Smart Storing
The Perfect Shave Kit for your Summer Travels
Ralph Lauren at The Championships, Wimbledon – Wednesday 10th July
Schneider Electric's Biggest Engineer-to-Order Factory in Asia Utilizes IIoT Tec...
Ralph Lauren at The Championships, Wimbledon – Sunday 14th July
Summer Skin Rituals with SUKIN
Peugeot announces sizzling summer offers
Union Coop Reports 20% Growth in Net Profit for the First half of 2019
Summer-ready BABY-G G-Lide BAX-100 makes splash this hot season
Purificacion Garcia Introduces the Women's FW19 Collection
The Car That Responds to Your Mood: New Jaguar Land Rover Tech Helps Reduce Stress
Ras Al Khaimah and Singapore to Discuss the Bilateral Cooperation'
OMEGA's role in competitive swimming
Automation Anywhere Expands into the Middle East with the Opening of Regional He...
Philipsen and Kristoff Claim Top 10 Spots for Uae Team Emirates in Stage 7 Sprin...
All-out Sprint in Albi as Philipsen Takes Sixth and Martin Breaks Into the Gener...
Lg's Front-loader With New Ai Dd Brings Optimized Washing to the Middle East and...
Ahmed Mahboob Musabih welcomes DGEP Coordinator General
Danube Group Expands into the Healthcare segment
Schneider Electric Launches First Smart Factory in Mexico Implementing Innovativ...
Dubai launches e-statistics system for better data to clients and decision makers
MoHAP Youth Council Discusses Mutual Cooperation with Civil Defence Youth Council
Bollywood Parks™ Dubai launches all-inclusive picnic promotion from July to August
First results from Arc Skills' programme show how gamification can transform edu...
Trading Enterprises – Honda makes dreams a reality this Summer
Don't Run Risk of Damaging Your Vision With Poor Food Choices, Doctors at Moorfi...
The Eid Gift Guide
A charitable initiative from the ADNOC Sas Al Nakhl School brings together AED 8...
Tashkeel announces open call for affordable design range Tanween
Pottery Barn Kids launches new ‘Back-to-School' collection'
Thought-Evoking Clothing Brand Exhale Releases Limited Edition “Be” Kimono
Sony Introduces New WF-1000XM3 Truly Wireless Headphones with Industry-leading N...
Dubai-Based Schools Operator GEMS MENASA Assigned Preliminary 'B' Ratings; Outlo...
Leading Indian stand-up comedian Kunal Kamra performs to a packed house at BOLLY...
A Tribute to Karl Lagerfeld: the White Shirt Project
Sweet Shades of Summer at 2XL Furniture & Home Décor
Ras Al Khaimah Chamber and Ghana to Discuss the Cooperation Opportunities
Doctors conduct first procedure in the UAE using donated amniotic membrane for b...
Turkish Airlines keeps providing privileged flight experience for its guests wit...
UAE astronauts train at NASA's Lyndon B. Johnson Space Center
Dubai Festival City Mall Partners With Spotify To Launch Music Library in Indust...
Management Change at Grohe AG